Zacks Research Has Weak Forecast for NetApp FY2025 Earnings

NetApp, Inc. (NASDAQ:NTAP) – Zacks Research decreased their FY2025 earnings per share estimates for NetApp in a report released on Wednesday, March 19th. Zacks Research analyst V. Doshi now expects that the data storage provider will post earnings of $5.72 per share for the year, down from their previous estimate of $5.77. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q1 2026 earnings at $1.29 EPS, Q3 2026 earnings at $1.54 EPS and Q1 2027 earnings at $1.53 EPS.

NTAP has been the subject of several other reports. Keefe, Bruyette & Woods raised NetApp to an “outperform” rating in a research note on Wednesday, February 19th. Susquehanna downgraded NetApp from a “positive” rating to a “neutral” rating and reduced their price objective for the company from $155.00 to $130.00 in a research note on Monday, February 10th. Bank of America raised NetApp from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $121.00 to $128.00 in a research note on Wednesday, February 19th. Morgan Stanley increased their price objective on NetApp from $132.00 to $146.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Citigroup cut their target price on NetApp from $135.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $129.07.

NetApp Stock Up 0.2 %

NASDAQ NTAP opened at $92.25 on Friday. The business has a fifty day moving average price of $112.44 and a 200 day moving average price of $118.08. NetApp has a one year low of $89.88 and a one year high of $135.45. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The company has a market cap of $18.76 billion, a P/E ratio of 16.96, a P/E/G ratio of 2.45 and a beta of 1.24.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, April 4th. NetApp’s dividend payout ratio (DPR) is 38.52%.

Insider Activity at NetApp

In other news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $123.03, for a total value of $1,045,755.00. Following the completion of the transaction, the chief executive officer now owns 271,282 shares in the company, valued at approximately $33,375,824.46. This trade represents a 3.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 528 shares of NetApp stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $92.58, for a total value of $48,882.24. Following the completion of the transaction, the executive vice president now owns 12,900 shares of the company’s stock, valued at $1,194,282. The trade was a 3.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,931 shares of company stock worth $6,252,759 in the last three months. 0.47% of the stock is owned by company insiders.

Hedge Funds Weigh In On NetApp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. M&T Bank Corp boosted its stake in shares of NetApp by 4.8% in the 4th quarter. M&T Bank Corp now owns 12,794 shares of the data storage provider’s stock valued at $1,485,000 after buying an additional 581 shares during the period. Versor Investments LP purchased a new position in shares of NetApp in the 4th quarter valued at about $395,000. Intech Investment Management LLC lifted its stake in NetApp by 8.9% during the third quarter. Intech Investment Management LLC now owns 302,010 shares of the data storage provider’s stock worth $37,301,000 after purchasing an additional 24,651 shares during the last quarter. AMJ Financial Wealth Management lifted its stake in NetApp by 120.7% during the fourth quarter. AMJ Financial Wealth Management now owns 68,897 shares of the data storage provider’s stock worth $7,998,000 after purchasing an additional 37,684 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in NetApp by 20.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,302 shares of the data storage provider’s stock worth $5,225,000 after purchasing an additional 7,318 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.