NetApp shares climb as investors extend AI-driven earnings momentum

NetApp, Inc. (NTAP) is up 6.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be continued follow-through from NetApp’s strong late-May earnings report and higher fiscal 2027 outlook, which reinforced the company’s positioning around AI infrastructure and data storage demand. Fresh investor attention may also be helping after a new leveraged single-stock ETF tied to NetApp launched on July 14, 2026, although that is more likely a secondary factor than the core catalyst.

Details:

NetApp’s most recent quarterly report showed double-digit revenue growth, stronger profitability, and fiscal 2027 guidance that pointed to further expansion in revenue and earnings.

The company highlighted demand tied to AI and hybrid cloud workloads, which has supported the broader view that enterprise storage vendors can benefit from rising infrastructure spending.

NetApp also announced recent partnership activity, including deeper work with CGI and earlier integration efforts with Nutanix, adding to the narrative that its platform is gaining relevance in modern data environments.

A new 2x long ETF focused on NetApp began trading on July 14, 2026, which could be adding visibility and short-term trading interest around the shares.

Sources:

NetApp Investor Relations, SEC, GlobeNewswire

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 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 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 5 sales selling 5,000 shares for an estimated $581,580.
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.

EARLY ACCESS

Receive NTAP Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$NTAP Hedge Fund Activity

We have seen 377 institutional investors add shares of $NTAP stock to their portfolio, and 393 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.