NetApp Shares Rise as Strong FY27 Outlook, AI Momentum Stay in Focus

NetApp (NTAP) is up 5.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued investor optimism after NetApp posted strong fiscal fourth-quarter and full-year 2026 results, issued upbeat fiscal 2027 guidance, and highlighted demand tied to AI and all-flash storage. The rally may also be getting support from follow-on enthusiasm around recent product and partnership announcements that strengthen its position in data infrastructure for enterprise AI workloads.

Details:

NetApp’s most recent quarterly report showed revenue and non-GAAP earnings ahead of expectations, with management also guiding for fiscal 2027 revenue and earnings growth.

The company said AI-related demand helped drive customer wins, while all-flash storage remained a key growth area in the business.

NetApp recently introduced StorageGRID 12.1, emphasizing features aimed at large-scale AI and analytics workloads, which may have reinforced the growth narrative.

A strategic alliance with Nutanix added another potential catalyst by expanding NetApp’s reach in cloud platform modernization and enterprise virtualization environments.

Sources:

Business Wire, NetApp, Nutanix

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$NTAP Insider Trading Activity

$NTAP insiders have traded $NTAP stock on the open market 13 times in the past 6 months. Of those trades, 0 have been purchases and 13 have been sales.

Here’s a breakdown of recent trading of $NTAP stock by insiders over the last 6 months:

CESAR CERNUDA (President) has made 0 purchases and 4 sales selling 49,464 shares for an estimated $7,657,880.
GERALD HELD sold 7,132 shares for an estimated $1,283,760
ELIZABETH M O'CALLAHAN (EVP, Chief Admin. Officer) has made 0 purchases and 6 sales selling 6,000 shares for an estimated $687,070.
LORENZO DANIEL DE (VP, Controller & CAO) has made 0 purchases and 2 sales selling 527 shares for an estimated $58,663.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$NTAP Hedge Fund Activity

We have seen 374 institutional investors add shares of $NTAP stock to their portfolio, and 388 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIRST TRUST ADVISORS LP added 2,046,912 shares (+127.0%) to their portfolio in Q1 2026, for an estimated $209,583,319
SG AMERICAS SECURITIES, LLC added 1,051,863 shares (+378.9%) to their portfolio in Q1 2026, for an estimated $107,700,252
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) removed 900,262 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $92,177,826
CITIGROUP INC added 821,658 shares (+27.8%) to their portfolio in Q1 2026, for an estimated $84,129,562
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added 731,553 shares (+367.8%) to their portfolio in Q1 2026, for an estimated $74,903,711
LORD, ABBETT & CO. LLC removed 680,649 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $69,691,651
VOLORIDGE INVESTMENT MANAGEMENT, LLC added 675,477 shares (+111.4%) to their portfolio in Q1 2026, for an estimated $69,162,090

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$NTAP Congressional Stock Trading

Members of Congress have traded $NTAP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $NTAP stock by members of Congress over the last 6 months:

SENATOR JOHN BOOZMAN purchased up to $15,000 on 02/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$NTAP Analyst Ratings

Wall Street analysts have issued reports on $NTAP in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Morgan Stanley issued a "Underweight" rating on 01/20/2026

To track analyst ratings and price targets for $NTAP, check out Quiver Quantitative's $NTAP forecast page.

$NTAP Price Targets

Multiple analysts have issued price targets for $NTAP recently. We have seen 11 analysts offer price targets for $NTAP in the last 6 months, with a median target of $170.0.

Here are some recent targets:

Jim Kelleher from Argus Research set a target price of $200.0 on 06/01/2026
Nehal Chokshi from Northland Capital Markets set a target price of $171.0 on 05/29/2026
Tim Long from Barclays set a target price of $199.0 on 05/29/2026
Samik Chatterjee from JP Morgan set a target price of $150.0 on 05/29/2026
Asiya Merchant from Citigroup set a target price of $150.0 on 05/29/2026
Wamsi Mohan from B of A Securities set a target price of $150.0 on 05/29/2026
Amit Daryanani from Evercore ISI Group set a target price of $170.0 on 05/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.