NetApp (NTAP)

• Market cap: $24.7B
• 1 day: 0.45%
• 5 days: -0.31%
• 1 month: 13.79%
• 3 months: 20.08%
• 6 months: 32.85%
• Year to date: 6.9%
• 1 year: 4.1%
• 5 years: 186.98%
• 10 years: 284.73%
• Sector: Technology
• Industry: Software - Infrastructure

About: NetApp Inc is a provider of enterprise data management and storage solutions. The company's segments include Hybrid Cloud and Public Cloud. It generates maximum revenue from the Hybrid Cloud segment. The Hybrid Cloud segment offers a portfolio of storage management and infrastructure solutions that help customers recast their traditional data centers with the power of the cloud. This portfolio is designed to operate with public clouds to unlock the potential of hybrid, multi-cloud operations. Hybrid Cloud is composed of software, hardware, and related support, as well as professional and other services. Geographically, the company generates the majority of its revenue from the United States, Canada and Latin America (Americas).

Employees: 11,700

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

133% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 7 (+4) [Q2]

47% more call options, than puts

Call options by funds: $192M | Put options by funds: $131M

29% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 105

26% more capital invested

Capital invested by funds: $16.2B [Q1] → $20.3B (+$4.16B) [Q2]

24% more repeat investments, than reductions

Existing positions increased: 332 | Existing positions reduced: 268

4.76% more ownership

Funds ownership: 90.65% [Q1] → 95.41% (+4.76%) [Q2]

2% more funds holding

Funds holding: 818 [Q1] → 831 (+13) [Q2]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $114
• Avg. target: $122
• High target: $130

8 analyst ratings

• positive: 3 38%
• neutral: 5 63%
• negative: 0 0%

Argus Research Jim Kelleher	$130	Buy Reiterated	29 Aug 2025
Northland Capital Markets Nehal Chokshi	$120	Market Perform Maintained	28 Aug 2025
Barclays Tim Long	$125	Overweight Maintained	28 Aug 2025
UBS David Vogt	$114	Neutral Maintained	28 Aug 2025
B of A Securities Wamsi Mohan	$125	Neutral Maintained	25 Aug 2025