Zacks Research Estimates NetApp’s Q3 Earnings (NASDAQ:NTAP)

NetApp, Inc. (NASDAQ:NTAP) – Analysts at Zacks Research increased their Q3 2025 EPS estimates for shares of NetApp in a report issued on Thursday, December 12th. Zacks Research analyst V. Doshi now anticipates that the data storage provider will post earnings of $1.51 per share for the quarter, up from their previous estimate of $1.43. The consensus estimate for NetApp’s current full-year earnings is $5.83 per share. Zacks Research also issued estimates for NetApp’s Q4 2025 earnings at $1.54 EPS, Q2 2026 earnings at $1.50 EPS, Q3 2026 earnings at $1.58 EPS and FY2027 earnings at $6.82 EPS.

NetApp (NASDAQ:NTAP) last released its earnings results on Thursday, November 21st. The data storage provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.09. NetApp had a return on equity of 123.63% and a net margin of 17.78%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. NetApp’s quarterly revenue was up 6.1% on a year-over-year basis.

A number of other brokerages also recently weighed in on NTAP. Wedbush restated a “neutral” rating and set a $120.00 target price on shares of NetApp in a report on Friday, November 22nd. TD Cowen boosted their price objective on shares of NetApp from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised shares of NetApp from a “neutral” rating to an “overweight” rating and set a $160.00 target price on the stock in a report on Monday. Northland Securities lifted their price target on NetApp from $108.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped 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. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $139.20.

NetApp Stock Down 2.9 %

NASDAQ:NTAP opened at $122.49 on Monday. The firm has a market capitalization of $24.90 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. 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 has a twelve month low of $83.62 and a twelve month high of $135.45. The stock’s 50 day moving average price is $122.86 and its two-hundred day moving average price is $124.12.

Institutional Trading of NetApp

Large investors have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of NetApp by 11.8% during the 2nd quarter. UMB Bank n.a. now owns 784 shares of the data storage provider’s stock worth $101,000 after buying an additional 83 shares in the last quarter. Aviso Wealth Management grew its position in NetApp by 1.4% in the second quarter. Aviso Wealth Management now owns 6,149 shares of the data storage provider’s stock valued at $792,000 after acquiring an additional 83 shares during the last quarter. Waldron Private Wealth LLC raised its stake in NetApp by 4.3% during the second quarter. Waldron Private Wealth LLC now owns 2,255 shares of the data storage provider’s stock worth $290,000 after acquiring an additional 92 shares in the last quarter. Quarry LP lifted its holdings in shares of NetApp by 11.7% in the second quarter. Quarry LP now owns 876 shares of the data storage provider’s stock worth $113,000 after acquiring an additional 92 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its stake in shares of NetApp by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,920 shares of the data storage provider’s stock valued at $2,437,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Activity

In other NetApp news, Director Thomas Michael Nevens sold 3,333 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $119.23, for a total transaction of $397,393.59. Following the sale, the director now directly owns 9,277 shares in the company, valued at $1,106,096.71. This represents a 26.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lorenzo Daniel De sold 1,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $123.60, for a total transaction of $208,266.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,049 shares of company stock valued at $2,807,851. 0.47% of the stock is owned by company insiders.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd 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 1.70%. The ex-dividend date of this dividend is Friday, January 3rd. NetApp’s dividend payout ratio is currently 38.24%.

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.