NorthRock Partners LLC Invests $811,000 in NetApp, Inc. $NTAP

NorthRock Partners LLC bought a new position in NetApp, Inc. (NASDAQ:NTAP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,238 shares of the data storage provider’s stock, valued at approximately $811,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Park Square Financial Group LLC increased its position in NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in shares of NetApp in the 4th quarter valued at $30,000. DV Equities LLC purchased a new stake in shares of NetApp during the 4th quarter valued at $30,000. Roble Belko & Company Inc purchased a new stake in shares of NetApp during the 1st quarter valued at $31,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of NetApp during the 4th quarter worth $35,000. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Improved earnings outlook: Northland Securities retained an “Outperform” rating and raised its FY2027 EPS estimate to $8.14 from $7.11 and its FY2028 estimate to $9.15 from $7.85. It also increased estimates for several upcoming quarters, including Q2 2027 and Q3 2027. The firm’s price target is $187. Northland Securities estimates
• Positive Sentiment: Positive momentum and investor attention: Zacks added NTAP to its Rank #1 “Strong Buy” momentum list, while a separate Zacks report identified NetApp as a heavily watched stock. These designations may support near-term buying interest. Zacks momentum stocks
• Positive Sentiment: Strong operating performance: NetApp’s latest quarterly results exceeded expectations, with EPS of $2.58 versus the $2.12 consensus and revenue of $2.03 billion versus $1.84 billion expected. Revenue increased 29.9% year over year, and management provided FY2027 EPS guidance of $9.73–$10.03.
• Neutral Sentiment: Valuation remains a consideration: Citi reiterated a Hold rating while maintaining a $190 target, acknowledging an attractive AI-driven growth outlook but viewing the shares as fairly valued. Citi NetApp rating
• Neutral Sentiment: Short-interest data is unreliable: The report lists September short interest at zero shares and describes the change as “NaN,” making it unusable as a meaningful signal about short covering or bearish positioning.

Insider Transactions at NetApp

In related news, President Cesar Cernuda sold 2,608 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $204.48, for a total transaction of $533,283.84. Following the transaction, the president directly owned 46,530 shares of the company’s stock, valued at approximately $9,514,454.40. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $193.82, for a total value of $193,820.00. Following the completion of the transaction, the executive vice president owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,072 shares of company stock valued at $8,556,040. Insiders own 0.36% of the company’s stock.

NetApp Stock Performance

Shares of NTAP stock opened at $183.60 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The company has a market cap of $36.06 billion, a PE ratio of 25.90, a P/E/G ratio of 1.99 and a beta of 1.44. The company’s fifty day simple moving average is $181.19 and its 200-day simple moving average is $143.50. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.46. NetApp had a net margin of 19.18% and a return on equity of 119.13%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $1.15 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, equities research analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Dividend Announcement

The business 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 of this dividend is Friday, October 9th. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. NetApp’s dividend payout ratio is presently 29.34%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NTAP. Wedbush increased their target price on NetApp from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. TD Cowen reissued a “buy” rating and set a $200.00 price target on shares of NetApp in a research report on Thursday, September 3rd. Bank of America upped their price target on NetApp from $180.00 to $206.00 and gave the stock a “neutral” rating in a research note on Monday, August 31st. Barclays raised their price objective on NetApp from $199.00 to $219.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Evercore set a $210.00 price objective on NetApp in a research note on Monday, August 24th. Six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $192.07.

NetApp Company Profile

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.