NetApp, Inc. $NTAP Position Boosted by Clark Capital Management Group Inc.

Clark Capital Management Group Inc. boosted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 464,936 shares of the data storage provider’s stock after acquiring an additional 8,860 shares during the quarter. Clark Capital Management Group Inc. owned 0.23% of NetApp worth $55,076,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in shares of NetApp during the third quarter valued at $27,000. Rossby Financial LCC grew its position in NetApp by 105.5% in the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after buying an additional 115 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in NetApp in the 2nd quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new position in NetApp during the 2nd quarter valued at about $56,000. Finally, Richardson Financial Services Inc. raised its position in shares of NetApp by 49.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 484 shares of the data storage provider’s stock worth $57,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Oppenheimer restated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Citigroup increased their price target on NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Barclays boosted their price objective on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, NetApp presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.42.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $100.67, for a total transaction of $100,670.00. Following the sale, the executive vice president directly owned 20,382 shares of the company’s stock, valued at $2,051,855.94. The trade was a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have sold 3,000 shares of company stock worth $309,610. Insiders own 0.28% of the company’s stock.

NetApp Trading Up 1.8%

Shares of NTAP opened at $98.66 on Friday. The business’s 50-day moving average price is $101.19 and its 200 day moving average price is $110.59. The stock has a market capitalization of $19.47 billion, a P/E ratio of 16.50, a P/E/G ratio of 3.06 and a beta of 1.39. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $126.66. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

Key NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Northland Securities raised its FY2026 and FY2027 EPS forecasts, boosted several quarterly estimates and reiterated a “Strong‑Buy,” lifting the fundamental outlook and supporting buying interest. Northland Research Note (MarketBeat)
• Positive Sentiment: Recent quarterly results and company guidance remain supportive: NetApp beat earnings and revenue expectations in its Feb. 26 report and set FY2026 and Q4 guidance that implies continued cash generation and margin strength. NetApp Earnings & Guidance (MarketBeat)
• Positive Sentiment: NetApp announced a quarterly dividend ($0.52/share, ex‑dividend early April), which supports income investors and signals management confidence in cash flow. Dividend Announcement (MarketBeat)
• Positive Sentiment: Large institutional positions/flows (e.g., Norges Bank stake, Boston Partners, Geode increases) show meaningful investor interest and long‑term conviction from major allocators. Institutional Ownership (MarketBeat)
• Neutral Sentiment: NetApp has underperformed the Nasdaq over the past year — a reminder of valuation/relative‑performance risk even as fundamentals improve. Investors watching relative momentum may remain cautious. Is NetApp Stock Underperforming the Nasdaq?
• Neutral Sentiment: An insider sale: EVP Elizabeth O’Callahan sold 1,000 shares (~$100.7k) on March 10. The transaction is small relative to institutional holdings and management stake, so it’s a monitoring point rather than a clear red flag. Insider Sale Filing (InsiderTrades)

NetApp Profile

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.