NetApp, Inc.
At today's price, NetApp, Inc. (NTAP) is priced for +18.0% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• NetApp sells enterprise data storage, increasingly weighted to high-margin all-flash systems and cloud and subscription offerings, with overall gross margin around 70% and all-flash revenue reaching $1.2 billion in the most recent quarter, up 18% year over year. • The defining risk is that storage hardware is cyclical and competitive, so the price depends on the AI-driven data-storage demand and the cloud and Keystone subscription mix continuing to lift growth and margins. • The next markers a
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830 institutional managers reported holding NTAP in 13F filings for the quarter ended 2026-03-31. 81 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 17.2M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (5.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
NTAP has cut its share count 11.2% over the past five years, spending $4.45B on repurchases. It pays a dividend, and has for 13 years running, raised 2 years straight; the current rate is $2.08 a share annually. Cash returned over the past three years: $1.25B in dividends and $3.00B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at NTAP over the trailing three years: 2025: 3 buys totaling $500k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
NTAP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-15 | +4.1% | +1.7% |
| 2023-08-30 | -1.3% | -4.0% |
| 2023-12-01 | +14.7% | -3.8% |
| 2024-03-01 | +19.6% | -0.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
NTAP's latest 8-K filings: 2026-05-28 (items 2.02, 8.01, 9.01); 2026-02-26 (items 2.02, 9.01); 2026-01-12 (items 5.02, 7.01, 9.01); 2025-11-25 (items 2.02, 9.01); 2025-09-15 (items 5.02, 5.07, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.