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Elizabeth O'callahan Sells 1,000 Shares of NetApp (NASDAQ:NTAP) Stock

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Sep 15, 2026 at 08:23 AM

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NetApp EVP Elizabeth O'Callahan sold 1,000 shares at $184.74, totaling $184,740, reducing her stake by 3.15%. She retains 30,737 shares valued at ~$5.68 million. The transaction was filed with the SEC. Additionally, NetApp reported strong Q2 earnings, beating estimates, and announced a $0.52 quarterly dividend. Institutional investors increased holdings in Q4, and analysts raised price targets.

NetApp, Inc. (NASDAQ:NTAP - Get Free Report) EVP Elizabeth O'callahan sold 1,000 shares of the business's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $184.74, for a total transaction of $184,740.00. Following the completion of the sale, the executive vice president directly owned 30,737 shares of the company's stock, valued at $5,678,353.38. The trade was a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NetApp Stock Performance

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Shares of NetApp stock opened at $188.27 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.24. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The firm's 50-day simple moving average is $182.58 and its 200-day simple moving average is $144.82. The firm has a market cap of $36.98 billion, a PE ratio of 26.55, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.46. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.84 billion. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The company's revenue for the quarter was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. Equities analysts forecast that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Dividend Announcement

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be given a $0.52 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. NetApp's dividend payout ratio (DPR) is presently 29.34%.

Hedge Funds Weigh In On NetApp

Several institutional investors have recently made changes to their positions in NTAP. Norges Bank bought a new position in NetApp during the 4th quarter worth $458,060,000. Jefferies Financial Group Inc. acquired a new stake in NetApp in the fourth quarter worth $14,869,000. Handelsbanken Fonder AB lifted its stake in NetApp by 106.8% in the fourth quarter. Handelsbanken Fonder AB now owns 262,732 shares of the data storage provider's stock valued at $28,136,000 after buying an additional 135,715 shares during the last quarter. National Pension Service lifted its stake in NetApp by 13.6% in the fourth quarter. National Pension Service now owns 180,917 shares of the data storage provider's stock valued at $19,374,000 after buying an additional 21,643 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of NetApp by 22.0% during the fourth quarter. Swedbank AB now owns 97,086 shares of the data storage provider's stock valued at $10,397,000 after acquiring an additional 17,520 shares during the period. 92.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

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Several equities research analysts recently issued reports on the company. Evercore set a $210.00 price target on NetApp in a research report on Monday, August 24th. Northland Securities lifted their price objective on shares of NetApp from $171.00 to $187.00 and gave the stock an "outperform" rating in a report on Thursday, September 3rd. Wells Fargo & Company boosted their target price on shares of NetApp from $180.00 to $190.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Barclays increased their target price on shares of NetApp from $199.00 to $219.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of NetApp in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $193.86.

Check Out Our Latest Stock Report on NTAP

NetApp Company Profile

(Get Free Report)

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company's portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.