Why NetApp (NTAP) Stock Is Up Today

NetApp (NTAP) is up 5.5% today. Here is some analysis on what might have caused this price movement.

Analysis: A single same-day catalyst is not obvious, so this could be because investors are continuing to bid up NetApp as an AI infrastructure and enterprise storage beneficiary ahead of its next earnings report. The move also fits with positive sentiment around the company’s recent product and acquisition announcements, which strengthened its positioning in AI data management and large-scale storage.

Details:

NetApp’s next earnings report is scheduled for late August, and consensus estimates have pointed to solid year-over-year growth in both revenue and earnings, which can support pre-earnings buying.

In late May, the company posted record fourth-quarter and full-year fiscal 2026 results, including revenue growth and stronger profitability, giving investors a favorable recent operating backdrop.

In July, NetApp announced the acquisition of DataPelago, aimed at removing data processing bottlenecks for AI and analytics workloads, reinforcing its AI infrastructure story.

In June, NetApp released StorageGRID 12.1 with features designed to help customers scale AI and other modern workloads, adding to the view that its product lineup is aligned with enterprise AI spending.

Sources:

NetApp Investor Relations, NetApp Newsroom, Benzinga

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 $752,500.
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 446 institutional investors add shares of $NTAP stock to their portfolio, and 444 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
CITIGROUP INC removed 1,765,740 shares (-46.8%) from their portfolio in Q2 2026, for an estimated $273,265,922
BLACKROCK, INC. removed 1,006,506 shares (-5.1%) from their portfolio in Q2 2026, for an estimated $155,766,868
SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) removed 900,262 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $92,177,826
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 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
Erik Woodring from Morgan Stanley set a target price of $137.0 on 05/29/2026
Mehdi Hosseini from Susquehanna set a target price of $185.0 on 05/29/2026
Matt Bryson from Wedbush set a target price of $150.0 on 05/29/2026
Nehal Chokshi from Northland Capital Markets set a target price of $171.0 on 05/29/2026
Aaron Rakers from Wells Fargo set a target price of $180.0 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.