What is Zacks Research’s Forecast for NetApp Q4 Earnings?

NetApp, Inc. (NASDAQ:NTAP) – Equities research analysts at Zacks Research lowered their Q4 2025 earnings per share estimates for NetApp in a report released on Wednesday, March 19th. Zacks Research analyst V. Doshi now anticipates that the data storage provider will earn $1.50 per share for the quarter, down from their prior estimate of $1.54. The consensus estimate for NetApp’s current full-year earnings is $5.89 per share. Zacks Research also issued estimates for NetApp’s Q4 2026 earnings at $1.61 EPS, FY2026 earnings at $5.94 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.73 EPS and FY2027 earnings at $6.81 EPS.

Several other equities research analysts have also issued reports on the stock. Bank of America upgraded shares of NetApp from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $121.00 to $128.00 in a report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on NetApp from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective on NetApp from $160.00 to $153.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. TD Cowen cut their price objective on NetApp from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Finally, Loop Capital decreased their target price on NetApp from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $129.07.

NetApp Price Performance

NASDAQ NTAP opened at $95.12 on Monday. The company has a 50 day moving average price of $112.05 and a two-hundred day moving average price of $117.91. NetApp has a 12-month low of $89.88 and a 12-month high of $135.45. The stock has a market capitalization of $19.35 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 2.19%. The ex-dividend date is Friday, April 4th. NetApp’s payout ratio is 38.52%.

Insider Activity

In related news, President Cesar Cernuda sold 22,000 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $114.99, for a total value of $2,529,780.00. Following the sale, the president now owns 27,099 shares of the company’s stock, valued at $3,116,114.01. The trade was a 44.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 451 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $116.79, for a total transaction of $52,672.29. Following the completion of the sale, the executive vice president now owns 12,005 shares in the company, valued at $1,402,063.95. This represents a 3.62 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,931 shares of company stock worth $6,252,759. Corporate insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On NetApp

Large investors have recently bought and sold shares of the business. M&T Bank Corp boosted its stake in NetApp by 4.8% in the fourth quarter. M&T Bank Corp now owns 12,794 shares of the data storage provider’s stock worth $1,485,000 after purchasing an additional 581 shares in the last quarter. Versor Investments LP bought a new position in shares of NetApp in the fourth quarter valued at about $395,000. AMJ Financial Wealth Management lifted its position in NetApp by 120.7% during the 4th quarter. AMJ Financial Wealth Management now owns 68,897 shares of the data storage provider’s stock worth $7,998,000 after buying an additional 37,684 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in NetApp by 20.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 42,302 shares of the data storage provider’s stock worth $5,225,000 after acquiring an additional 7,318 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in NetApp by 9.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,346,212 shares of the data storage provider’s stock worth $156,268,000 after acquiring an additional 113,360 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors.

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.