NetApp (NTAP) Expected to Post Quarterly Earnings on Wednesday

NetApp (NASDAQ:NTAP) is anticipated to announce its Q1 2027 results after the market closes on Wednesday, September 2nd. Analysts expect NetApp to announce earnings of $2.12 per share and revenue of $1.8370 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q1 2027 earning report page for the latest details on the call scheduled for Wednesday, September 2, 2026 at 5:30 PM ET.

NetApp Stock Down 0.9%

Shares of NASDAQ:NTAP opened at $185.29 on Tuesday. The firm has a fifty day moving average price of $176.44 and a two-hundred day moving average price of $138.83. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39. NetApp has a one year low of $93.69 and a one year high of $209.06. The company has a market cap of $36.36 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.33 and a beta of 1.45.

Insiders Place Their Bets

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction 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 transaction, the executive vice president owned 30,297 shares of the company’s stock, valued at $5,872,164.54. This represents a 3.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Cesar Cernuda sold 2,608 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the sale, the president owned 46,530 shares in the company, valued at $9,514,454.40. The trade was a 5.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,072 shares of company stock valued at $8,719,520 over the last ninety days. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NetApp

Several institutional investors have recently modified their holdings of the company. Sivia Capital Partners LLC bought a new position in NetApp during the second quarter valued at approximately $315,000. ICONIQ Capital LLC purchased a new position in shares of NetApp during the second quarter worth approximately $250,000. Optimist Retirement Group LLC bought a new stake in shares of NetApp in the 2nd quarter worth approximately $231,000. Marex Group plc bought a new stake in shares of NetApp in the 4th quarter worth approximately $226,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of NetApp in the 3rd quarter valued at $216,000. 92.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NTAP. Wells Fargo & Company increased their price objective on NetApp from $115.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Wedbush boosted their target price on NetApp from $115.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Northland Securities upped their target price on NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Barclays boosted their price objective on NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Five 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 MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $184.08.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.