FY2025 Earnings Forecast for NetApp Issued By Zacks Research

NetApp, Inc. (NASDAQ:NTAP) – Investment analysts at Zacks Research cut their FY2025 earnings per share (EPS) estimates for NetApp in a research note issued 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 forecast 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.

Several other research analysts have also commented on the company. Stifel Nicolaus lifted their price target on NetApp from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. StockNews.com lowered NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Bank of America raised NetApp from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $121.00 to $128.00 in a research report on Wednesday, February 19th. Citigroup cut their price target on NetApp from $135.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Finally, TD Cowen cut their price target on NetApp from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NetApp has an average rating of “Hold” and an average price target of $129.07.

NetApp Price Performance

NTAP stock opened at $92.25 on Friday. The business has a 50 day moving average price of $112.44 and a 200 day moving average price of $118.08. The stock has a market cap of $18.76 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.45 and a beta of 1.24. NetApp has a fifty-two week low of $89.88 and a fifty-two week high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

Institutional Trading of NetApp

Institutional investors have recently modified their holdings of the business. M&T Bank Corp boosted its stake in shares of NetApp by 4.8% in the fourth 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 in the last quarter. Versor Investments LP purchased a new stake in shares of NetApp in the fourth quarter valued at approximately $395,000. Intech Investment Management LLC boosted its stake in shares of NetApp by 8.9% in the third quarter. Intech Investment Management LLC now owns 302,010 shares of the data storage provider’s stock valued at $37,301,000 after buying an additional 24,651 shares in the last quarter. AMJ Financial Wealth Management boosted its stake in shares of NetApp by 120.7% in the fourth quarter. AMJ Financial Wealth Management now owns 68,897 shares of the data storage provider’s stock valued at $7,998,000 after buying an additional 37,684 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position 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 in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Michael J. Berry sold 12,500 shares of NetApp stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $120.74, for a total value of $1,509,250.00. Following the sale, the chief financial officer now directly owns 123,243 shares in the company, valued at $14,880,359.82. The trade was a 9.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $123.03, for a total value of $1,045,755.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,931 shares of company stock valued at $6,252,759. Company insiders own 0.47% of the company’s stock.

NetApp Dividend Announcement

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

About NetApp

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.