NetApp shares jump as expanded Google Distributed Cloud deal fuels AI and sovereign-cloud optimism

NetApp, Inc. (NTAP) is up 11.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to renewed investor enthusiasm around NetApp’s deeper integration with Google Cloud’s sovereign, air-gapped distributed cloud offering, positioning the company as infrastructure plumbing for regulated AI workloads. The sharp gain also suggests the market is re-rating NetApp’s public-sector and security-focused storage opportunity.

Details:

NetApp announced an expanded four-year Enterprise Agreement with Google Cloud to accelerate deployment of NetApp storage solutions within Google Distributed Cloud air-gapped, a sovereign/disconnected private cloud platform delivered by World Wide Technology.

The collaboration emphasizes handling sensitive and classified data while still enabling AI-driven workflows in environments that require strict sovereignty, security, and compliance controls.

NetApp highlighted its AFF, StorageGRID, and Trident solutions as part of the integrated offering designed to support zero-trust security features and local data control (including encryption key management).

This could also be because investors are positioning ahead of NetApp’s upcoming fiscal Q4 and full-year results, which can amplify reactions to positive strategic announcements.

Sources:

NetApp Newsroom, Simply Wall St, Nasdaq

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 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

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

ELIZABETH M O'CALLAHAN (EVP, Chief Admin. Officer) has made 0 purchases and 6 sales selling 6,000 shares for an estimated $640,960.
LORENZO DANIEL DE (VP, Controller & CAO) has made 0 purchases and 3 sales selling 560 shares for an estimated $62,295.

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 427 institutional investors add shares of $NTAP stock to their portfolio, and 491 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO removed 2,877,841 shares (-71.3%) from their portfolio in Q4 2025, for an estimated $308,187,992
FIRST TRUST ADVISORS LP added 2,046,912 shares (+127.0%) to their portfolio in Q1 2026, for an estimated $209,583,319
PACER ADVISORS, INC. removed 1,783,103 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $190,952,500
NORGES BANK added 1,639,207 shares (+62.1%) to their portfolio in Q4 2025, for an estimated $175,542,677
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

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 1 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
Northland Capital Markets issued a "Outperform" rating on 11/26/2025

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 9 analysts offer price targets for $NTAP in the last 6 months, with a median target of $115.0.

Here are some recent targets:

Wamsi Mohan from B of A Securities set a target price of $125.0 on 05/20/2026
Samik Chatterjee from JP Morgan set a target price of $110.0 on 04/16/2026
Asiya Merchant from Citigroup set a target price of $114.0 on 03/02/2026
Matt Bryson from Wedbush set a target price of $115.0 on 02/25/2026
Erik Woodring from Morgan Stanley set a target price of $89.0 on 01/20/2026
Tim Long from Barclays set a target price of $134.0 on 11/26/2025
Aaron Rakers from Wells Fargo set a target price of $115.0 on 11/26/2025

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.