NetApp shares rise as investors focus on expanded Google Cloud deal and recent partnership momentum

NetApp, Inc. (NTAP) is up 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks tied to renewed optimism around NetApp’s hyperscaler and “sovereign / regulated” cloud opportunities after it announced an expanded collaboration with Google Cloud via a multi-year enterprise agreement. The rally may also be benefiting from follow-through momentum as NetApp has rolled out several partnership announcements recently that strengthen its hybrid cloud and cyber-resilience positioning.

Details:

NetApp announced on April 16, 2026 that it expanded its collaboration with Google Cloud through a 4-year Enterprise Agreement to accelerate deployments of NetApp storage solutions within Google Distributed Cloud air-gapped, delivered by World Wide Technology.

The expanded scope targets environments that prioritize data sovereignty and security requirements, which can be a meaningful demand driver for enterprise storage platforms.

On April 7, 2026, NetApp and Nutanix announced plans to integrate NetApp enterprise storage systems with the Nutanix Cloud Platform (including AHV) later in 2026, adding another potential channel for on-prem and hybrid modernization projects.

This could also be a technical rebound/positioning move following heightened attention on partnership-led product catalysts across infrastructure software and storage names.

Sources:

NetApp Investor Relations, GlobeNewswire, Blocks and Files

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 $637,520.
LORENZO DANIEL DE (VP, Controller & CAO) has made 0 purchases and 3 sales selling 612 shares for an estimated $64,440.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$NTAP Hedge Fund Activity

We have seen 397 institutional investors add shares of $NTAP stock to their portfolio, and 423 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 9,938,587 shares (-70.7%) from their portfolio in Q4 2025, for an estimated $1,064,323,281
JPMORGAN CHASE & CO removed 2,877,841 shares (-71.3%) from their portfolio in Q4 2025, for an estimated $308,187,992
CITIGROUP INC added 2,027,283 shares (+218.6%) to their portfolio in Q4 2025, for an estimated $217,101,736
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
BLACKROCK, INC. removed 836,011 shares (-3.9%) from their portfolio in Q4 2025, for an estimated $89,528,417

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$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.

$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:

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
Wamsi Mohan from B of A Securities set a target price of $129.0 on 11/26/2025
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.