--- title: "NetApp (NASDAQ:NTAP) Upgraded at Wall Street Zen" type: "News" locale: "en" url: "https://longbridge.com/en/news/289656202.md" description: "Wall Street Zen upgraded NetApp (NASDAQ:NTAP) from a 'hold' to a 'strong-buy' rating. This follows recent analyst activity, including price target increases by Susquehanna, Argus, and Bank of America, while UBS and Goldman Sachs maintained neutral or buy ratings with specific targets. NetApp recently reported Q1 earnings that missed EPS estimates but beat revenue expectations. Additionally, insiders sold shares, while institutional investors like Cozad Asset Management and Royal Fund Management increased their stakes in the first quarter." datetime: "2026-06-13T05:41:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289656202.md) - [en](https://longbridge.com/en/news/289656202.md) - [zh-HK](https://longbridge.com/zh-HK/news/289656202.md) --- # NetApp (NASDAQ:NTAP) Upgraded at Wall Street Zen NetApp (NASDAQ:NTAP - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday. - Is Backblaze the Next Momentum Monster? NTAP has been the subject of a number of other research reports. Susquehanna increased their price target on shares of NetApp from $110.00 to $185.00 and gave the company a "neutral" rating in a report on Friday, May 29th. UBS Group restated a "neutral" rating and set a $160.00 price target on shares of NetApp in a report on Friday, May 29th. Argus increased their price target on NetApp from $130.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 1st. The Goldman Sachs Group restated a "buy" rating and set a $200.00 price target on shares of NetApp in a report on Tuesday, June 2nd. Finally, Bank of America upped their price target on shares of NetApp from $125.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, May 29th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $169.33. **View Our Latest Report on NetApp** ## NetApp Trading Up 0.7% - Semtech Stock Climbs as AI Boom Drives Turnaround Success NTAP stock opened at $161.61 on Friday. The firm has a fifty day moving average price of $125.92 and a 200 day moving average price of $112.27. NetApp has a fifty-two week low of $93.69 and a fifty-two week high of $192.83. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. The firm has a market cap of $31.66 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 2.93 and a beta of 1.45. NetApp (NASDAQ:NTAP - Get Free Report) last posted its earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The business had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same period last year, the business posted $1.93 earnings per share. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Sell-side analysts anticipate that NetApp will post 7.16 earnings per share for the current fiscal year. ## Insider Transactions at NetApp - 2 AI Stocks That Gap and Crapped for a Dip Buying Opportunity In other NetApp news, CAO Lorenzo Daniel De sold 225 shares of the firm's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $171.09, for a total transaction of $38,495.25. Following the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at $186,488.10. This trade represents a 17.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $163.48, for a total value of $163,480.00. Following the transaction, the executive vice president owned 32,297 shares in the company, valued at $5,279,913.56. The trade was a 3.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,500 shares of company stock valued at $448,955 in the last quarter. 0.28% of the stock is currently owned by company insiders. ## Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cozad Asset Management Inc. grew its holdings in NetApp by 7.1% during the 1st quarter. Cozad Asset Management Inc. now owns 2,175 shares of the data storage provider's stock worth $223,000 after acquiring an additional 145 shares in the last quarter. Royal Fund Management LLC grew its holdings in NetApp by 60.8% during the 1st quarter. Royal Fund Management LLC now owns 8,198 shares of the data storage provider's stock worth $839,000 after acquiring an additional 3,100 shares in the last quarter. Bank of America Corp DE grew its holdings in NetApp by 7.5% during the 1st quarter. Bank of America Corp DE now owns 1,956,339 shares of the data storage provider's stock worth $200,310,000 after acquiring an additional 136,769 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in NetApp by 203.1% during the first quarter. Edgestream Partners L.P. now owns 44,831 shares of the data storage provider's stock worth $4,590,000 after buying an additional 30,038 shares during the period. Finally, Kentucky Retirement Systems lifted its holdings in NetApp by 124.3% during the first quarter. Kentucky Retirement Systems now owns 28,138 shares of the data storage provider's stock worth $2,881,000 after buying an additional 15,594 shares during the period. 92.17% of the stock is currently owned by institutional investors. ## About NetApp (Get Free Report) 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. ## Further Reading - Five stocks we like better than NetApp - SpaceX Rings the Bell and Shatters Every Record - Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story? - 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation - The 127-Gigawatt Problem: Why AI Needs Its Own Power _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in NetApp Right Now? Before you consider NetApp, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetApp wasn't on the list. While NetApp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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