NTAP · NetApp, Inc.
Technology NMS United States netapp.com ↗
BULLISH BUY
Val Gro Qua Mom Sta Cap P/S4.91 P/E Fwd P/E17.61 PEG1.91 52W –  RSI Target$177.25 (+2.3%) Beta1.45 Div1.19%
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RSI (14)
Pattern Overlays
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Software - Infrastructure San Jose, United States 11,700 employees
NetApp, Inc. provides a range of enterprise software, systems, and services that customers use to transform their data infrastructures in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through two segments, Hybrid Cloud and Public Cloud. The company offers data management software, such as NetApp ONTAP, ONTAP One, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, and NetApp SnapLock Data Compliance; and storage infrastructure solutions, including NetApp AFF and ASA A-Series and C-Series, NetApp AFX, NetApp Fabric Attached Storage (FAS), NetApp E/EF series, and NetApp StorageGRID. It also provides cloud storage services comprising Azure NetApp Files, Amazon FSx for NetApp ONTAP, and Google Cloud NetApp Volumes, as well as NetApp Cloud Volumes ONTAP. In addition, the company offers operational services, such as NetApp Data Infrastructure Insights and Instaclustr; and professional and support services include storage-as-a-service (STaaS), strategic consulting, professional, managed, and support services, as well as assessment, design, implementation, migration, and proactive support services to help customers optimize the performance and efficiency of their on-premises and hybrid multicloud storage environments. Further, it offers ransomware protection, data backup and recovery, and disaster recovery. It serves various industries comprising energy, financial services, government, technology, internet, life sciences, healthcare services, manufacturing, media, entertainment, animation, video postproduction, and telecommunications through a direct sales force and an ecosystem of partners, including the cloud providers. The company has a strategic alliance with Commvault Systems, Inc. to develop an integrated solution for enterprise data protection and cyber resilience. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California.
52-Week Range
52W Low 52W High
Position in Range
RSI (14)
0 · Oversold RSI 60 Overbought · 100
Signal Neutral
EMA Price Levels
Volume Analysis
Momentum Dashboard
Trend Strength
Detected Patterns
3Bullish
1Bearish
0Neutral
▲ Bull Flag — Breakout after +16% pole — bullish continuation
▲ Bull Flag — Breakout after +18% pole — bullish continuation
▲ Bull Flag — Breakout after +9% pole — bullish continuation
▼ Bear Flag — Breakdown after -11% pole — bearish continuation

View overlays on the price chart via Chart tab → Pattern Overlays.

Next Earnings Sep 02, 2026
Beat Rate 100%
Consensus BUY
Analyst Upside +2.3%
EPS — History & Forecast
Estimate Beat Miss Forecast
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Revenue — History & Forecast
Revenue Forecast
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EPS Beat Rate
100% 8/8 quarters
Wall Street Consensus
BUY
8
11
1
BuyHoldSell
Price Target Range
$177.25 +2.3% upside
Low $137 High $200
Consensus Current price
Wall Street Analyst Ratings
FirmRatingChangeActionDate
Argus Research Buy ↔ Maintain 2026-06-01
Barclays Overweight ↔ Maintain 2026-05-29
JP Morgan Neutral ↔ Maintain 2026-05-29
B of A Securities Neutral ↔ Maintain 2026-05-29
Citigroup Neutral ↔ Maintain 2026-05-29
Wells Fargo Equal-Weight ↔ Maintain 2026-05-29
Evercore ISI Group In-Line ↔ Maintain 2026-05-29
Susquehanna Neutral ↔ Maintain 2026-05-29
Wedbush Neutral ↔ Maintain 2026-05-29
Northland Capital Markets Outperform ↔ Maintain 2026-05-29
Morgan Stanley Underweight ↔ Maintain 2026-05-29
BWG Global Mixed Positive Mixed ▼ Downgrade 2026-05-14
UBS Neutral ↔ Maintain 2025-11-26
Oppenheimer Perform ● Initiate 2025-11-17
Argus Research 2026-06-01
Buy ↔ Maintain
Barclays 2026-05-29
Overweight ↔ Maintain
JP Morgan 2026-05-29
Neutral ↔ Maintain
B of A Securities 2026-05-29
Neutral ↔ Maintain
Citigroup 2026-05-29
Neutral ↔ Maintain
Wells Fargo 2026-05-29
Equal-Weight ↔ Maintain
Evercore ISI Group 2026-05-29
In-Line ↔ Maintain
Susquehanna 2026-05-29
Neutral ↔ Maintain
Wedbush 2026-05-29
Neutral ↔ Maintain
Northland Capital Markets 2026-05-29
Outperform ↔ Maintain
Morgan Stanley 2026-05-29
Underweight ↔ Maintain
BWG Global 2026-05-14
Mixed (from Positive) ▼ Downgrade
UBS 2025-11-26
Neutral ↔ Maintain
Oppenheimer 2025-11-17
Perform ● Initiate
Profitability
Gross Margin 70.74%TTM
Op. Margin 27.26%TTM
ROE 106.73%TTM
Rev. Growth 12.50%YoY
Free Cash Flow 1.30BTTM
FCF Yield TTM
Balance Sheet
Debt / Equity 202.29MRQ
Current Ratio 1.44MRQ
Cash 3.58BMRQ
Total Debt 2.73BMRQ
Net Debt MRQ
Income
Div. Yield 1.19%TTM
Annual Rate 2.08Fwd
Payout Ratio 32.76%TTM
Dividend History
Payout Ratio (TTM): 32.76%
DateAmount / ShareYield at Payment
2026-07-10 $0.5200 0.31%
2026-04-02 $0.5200 0.51%
2026-01-02 $0.5200 0.49%
2025-10-03 $0.5200 0.44%
2025-07-03 $0.5200 0.49%
2025-04-04 $0.5200 0.70%
2025-01-03 $0.5200 0.46%
2024-10-04 $0.5200 0.44%
2024-07-05 $0.5200 0.42%
2024-04-04 $0.5000 0.50%
2024-01-04 $0.5000 0.61%
2023-10-05 $0.5000 0.70%
2023-07-06 $0.5000 0.70%
2023-04-05 $0.5000 0.85%
2023-01-05 $0.5000 0.88%
2022-10-06 $0.5000 0.81%
2022-07-07 $0.5000 0.84%
2022-04-07 $0.5000 0.70%
2022-01-06 $0.5000 0.59%
2021-10-07 $0.5000 0.61%
2021-07-08 $0.5000 0.69%
2021-04-08 $0.4800 0.73%
2021-01-07 $0.4800 0.83%
2020-10-08 $0.4800 1.19%
2020-07-09 $0.4800 1.31%
2020-04-02 $0.4800 1.42%
2020-01-02 $0.4800 0.90%
2019-10-03 $0.4800 1.11%
2019-07-03 $0.4800 0.92%
2019-04-04 $0.4000 0.68%
2019-01-03 $0.4000 0.85%
2018-10-04 $0.4000 0.58%
2018-07-05 $0.4000 0.63%
2018-04-05 $0.2000 0.39%
2018-01-04 $0.2000 0.43%
2017-10-05 $0.2000 0.56%
2017-07-05 $0.2000 0.63%
2017-04-05 $0.1900 0.58%
2017-01-04 $0.1900 0.67%
2016-10-05 $0.1900 0.69%
How NTAP Makes Its Money
Cash Flow Breakdown
Quarterly Metrics
QuarterRevenueRev YoYGross Profit Op. IncomeNet IncomeNet YoY Gross %Op %Net %
Full Key Statistics
Valuation
Market Cap33.99B
Enterprise Value33.09B
Trailing P/E27.45
Forward P/E17.61
PEG Ratio (5yr)1.91
Price/Sales (ttm)4.91
Price/Book (mrq)25.13
EV/Revenue4.78
EV/EBITDA17.56
Share Statistics
Avg Vol (3m)3.23M
Shares Outstanding196.23M
Float194.85M
% Held by Insiders0.56%
% Held by Institutions105.86%
Short Ratio3.93
Short % of Float7.60%
Profitability
Gross Margin70.74%
Operating Margin (ttm)27.26%
Profit Margin18.43%
Return on Assets (ttm)9.82%
Return on Equity (ttm)106.73%
Income Statement
Revenue (ttm)6.93B
Revenue Growth (yoy)12.50%
Gross Profit (ttm)4.90B
EBITDA1.88B
Net Income (ttm)1.28B
Diluted EPS (ttm)6.31
EPS Growth (yoy)23.40%
Balance Sheet
Total Cash (mrq)3.58B
Total Debt (mrq)2.73B
Debt / Equity (mrq)202.29
Current Ratio (mrq)1.44
Book Value / Share6.89
Operating CF (ttm)2.07B
Free Cash Flow (ttm)1.30B
Trading & Dividends
Beta (5Y)1.45
50-Day MA159.24
200-Day MA120.39
Fwd Dividend Yield119.00%
Payout Ratio32.76%
Ownership Breakdown
Institutional 105.86% Insider 0.56%
Short Interest 7.60% of float
Moderate
Institutional 13F Holdings

Famous investors who disclosed a position in NTAP in their latest SEC 13F filing.

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Insider Transactions
DateInsiderRoleTransactionSharesValue
2026-07-10 O'CALLAHAN ELIZABETH M Officer Sale at price 170.92 per share. 1,000 $170,920
2026-06-23 CERNUDA REGO CESAR President Sale at price 153.00 - 155.94 per share. 49,464 $7,657,881
2026-06-10 O'CALLAHAN ELIZABETH M Officer Sale at price 163.48 per share. 1,000 $163,480
2026-06-03 HELD GERALD D Director Sale at price 180.00 per share. 7,132 $1,283,760
2026-06-01 DE LORENZO DANIEL Officer Sale at price 171.09 per share. 225 $38,495
2026-05-18 DE LORENZO DANIEL Officer Sale at price 120.00 per share. 275 $33,000
2026-05-15 DE LORENZO DANIEL Officer 2,116
2026-05-15 CERNUDA REGO CESAR President 10,705
2026-05-15 JABRE WISSAM GEORGES Chief Financial Officer 5,424
2026-05-15 O'CALLAHAN ELIZABETH M Officer 7,573
2026-05-15 KURIAN GEORGE Chief Executive Officer 18,489
2026-05-14 O'CALLAHAN ELIZABETH M Officer Stock Award(Grant) at price 0.00 per share. 22,098
2026-05-14 NAIR SYAM Officer Stock Award(Grant) at price 0.00 per share. 17,139
2026-05-14 KURIAN GEORGE Chief Executive Officer Stock Award(Grant) at price 0.00 per share. 127,087
2026-05-14 CERNUDA REGO CESAR President Stock Award(Grant) at price 0.00 per share. 60,164
2026-05-14 JABRE WISSAM GEORGES Chief Financial Officer Stock Award(Grant) at price 0.00 per share. 38,871
2026-05-11 O'CALLAHAN ELIZABETH M Officer Sale at price 117.73 per share. 1,000 $117,730
2026-04-15 JABRE WISSAM GEORGES Chief Financial Officer 28,654
2026-04-10 O'CALLAHAN ELIZABETH M Officer Sale at price 96.25 per share. 1,000 $96,250
2026-03-10 O'CALLAHAN ELIZABETH M Officer Sale at price 100.67 per share. 1,000 $100,670
2026-02-17 DE LORENZO DANIEL Officer Sale at price 101.84 per share. 252 $25,664
2026-02-13 DE LORENZO DANIEL Officer 428
2026-02-13 CERNUDA REGO CESAR President 4,919
2026-02-13 O'CALLAHAN ELIZABETH M Officer 2,750
2026-02-13 KURIAN GEORGE Chief Executive Officer 7,760
O'CALLAHAN ELIZABETH M Officer
Sale at price 170.92 per share.
2026-07-10 1,000 sh $170,920
CERNUDA REGO CESAR President
Sale at price 153.00 - 155.94 per share.
2026-06-23 49,464 sh $7,657,881
O'CALLAHAN ELIZABETH M Officer
Sale at price 163.48 per share.
2026-06-10 1,000 sh $163,480
HELD GERALD D Director
Sale at price 180.00 per share.
2026-06-03 7,132 sh $1,283,760
DE LORENZO DANIEL Officer
Sale at price 171.09 per share.
2026-06-01 225 sh $38,495
DE LORENZO DANIEL Officer
Sale at price 120.00 per share.
2026-05-18 275 sh $33,000
DE LORENZO DANIEL Officer
2026-05-15 2,116 sh
CERNUDA REGO CESAR President
2026-05-15 10,705 sh
JABRE WISSAM GEORGES Chief Financial Officer
2026-05-15 5,424 sh
O'CALLAHAN ELIZABETH M Officer
2026-05-15 7,573 sh
KURIAN GEORGE Chief Executive Officer
2026-05-15 18,489 sh
O'CALLAHAN ELIZABETH M Officer
Stock Award(Grant) at price 0.00 per share.
2026-05-14 22,098 sh
NAIR SYAM Officer
Stock Award(Grant) at price 0.00 per share.
2026-05-14 17,139 sh
KURIAN GEORGE Chief Executive Officer
Stock Award(Grant) at price 0.00 per share.
2026-05-14 127,087 sh
CERNUDA REGO CESAR President
Stock Award(Grant) at price 0.00 per share.
2026-05-14 60,164 sh
JABRE WISSAM GEORGES Chief Financial Officer
Stock Award(Grant) at price 0.00 per share.
2026-05-14 38,871 sh
O'CALLAHAN ELIZABETH M Officer
Sale at price 117.73 per share.
2026-05-11 1,000 sh $117,730
JABRE WISSAM GEORGES Chief Financial Officer
2026-04-15 28,654 sh
O'CALLAHAN ELIZABETH M Officer
Sale at price 96.25 per share.
2026-04-10 1,000 sh $96,250
O'CALLAHAN ELIZABETH M Officer
Sale at price 100.67 per share.
2026-03-10 1,000 sh $100,670
DE LORENZO DANIEL Officer
Sale at price 101.84 per share.
2026-02-17 252 sh $25,664
DE LORENZO DANIEL Officer
2026-02-13 428 sh
CERNUDA REGO CESAR President
2026-02-13 4,919 sh
O'CALLAHAN ELIZABETH M Officer
2026-02-13 2,750 sh
KURIAN GEORGE Chief Executive Officer
2026-02-13 7,760 sh