NTAP
NetApp, Inc.
October 2, 2026 · market open
- Rarity
- 1.23
- Peak move
- +7.67%
- Float cap
- $42.0B
NetApp, Inc. provides intelligent data infrastructure, including its ONTAP data management software and all-flash, hybrid-flash, and cloud-native storage solutions. It sells software, hardware, support, and professional services to enterprises worldwide, helping them manage, protect, and move data across on-premises, hybrid, multi-cloud, and edge environments. Its offerings support workloads such as AI, data protection, and cloud operations.
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What we found
18 events · 4 from SEC or newswire · 0 timed with the move- Key event
peer_disclosureToshiba plans to invest about 60 billion yen ($380 million) to double its data-center hard-disk-drive production capacity by fiscal 2027, expanding its Philippines plant and targeting a rise in HDD capacity share from just over 10% to 30%.
- Key event
analyst_ratingMorgan Stanley analyst Erik Woodring said NetApp's INSIGHT event shows the company extending its solutions toward a broader AI data infrastructure platform while maintaining an Equal-weight rating and $191 price target, and Citi kept a Neutral rating citing Novus targeting an AI storage market growing from $20B to $40B in three years.
insider_saleDirector Carrie Palin filed notice to sell 5,000 shares of NetApp common stock at an average price of $216.43, a proposed sale valued at approximately $1.1 million.
SEC144 0001950047-26-009998analyst_ratingLoop Capital reiterated a Buy recommendation on NetApp.
insider_saleNetApp CEO George Kurian sold 50,000 shares at $209.95 for about $10.5 million on September 29, 2026, leaving him 218,537 shares held directly, and has sold 140,000 shares over the past year with no open-market purchases.
SEC4 0001193125-26-410739Webgurufocus.cominsider_saleNetApp director Gerald D. Held filed notice to sell 5,757 shares at an average price of $212.00, a proposed sale valued at about $1.2 million.
SEC144 0001950047-26-009923insider_saleNetApp officer and director George Kurian filed notice to sell 10,000 shares at an average price of $210.04, about $2.1 million, under a 10b5-1 plan.
SEC144 0001950047-26-009915- Key event
product_launchNetApp announced new AI Data Engine capabilities extending metadata discovery across ONTAP, StorageGRID and non-NetApp NFS/SMB/S3 storage, plus an expanded Commvault joint solution for ransomware detection and clean recovery.
analyst_ratingWedbush reiterated a Hold rating and $170 price target on NetApp on October 1, 2026, with William Blair and another firm also maintaining Hold ratings after the INSIGHT 2026 event.
analyst_ratingBank of America analyst Wamsi Mohan raised his price target on NetApp to $220 from $200 while maintaining a Neutral rating after attending INSIGHT 2026, citing AI expanding the addressable market and applying a 21x multiple to CY2027 EPS, up from 19x.
major_contractNetApp said it plans to expand its partnership with SAP, exploring deeper cloud-native integration of NetApp capabilities into SAP Cloud Infrastructure for file and block storage, data protection and replication, plus joint go-to-market work and evaluation of NetApp Object storage in SAP Cloud Infrastructure.
analyst_ratingWells Fargo reiterated an Equal Weight rating on NetApp with a $190 price target after attending the INSIGHT investor event, noting deployment scale shifting from single-digit petabytes to over 100PB and Novus's potential market growing to $40 billion in three years from $20 billion today.
analyst_ratingEvercore ISI reiterated an In Line rating and $210 price target on NetApp after its INSIGHT 2026 user conference in Las Vegas, highlighting the Novus software-defined architecture and the AIDE expansion with metadata layer free for the first six months.
major_contractNetApp and Oracle announced the Oracle Cloud Infrastructure NetApp Storage Service, a fully managed OCI-native service bringing NetApp ONTAP data management to OCI for AI and enterprise workloads, with general availability planned within the next 12 months.
product_launchAt INSIGHT 2026, NetApp unveiled Novus, a disaggregated storage architecture separating metadata from the data path, targeting over 100TB/s throughput and zettabyte-scale file systems, orderable now with Novus Data Director on certified Supermicro servers and ONTAP AFF A90 systems.
product_launchAt INSIGHT 2026, NetApp announced new hybrid multi-cloud capabilities including NetApp Keystone Sovereign for EEA data-sovereignty controls, Console Autonomous Operations, Console Fleet Management, an AI ChatOps interface, and a Nutanix Cloud Infrastructure integration due for general availability this fall.
product_launchNetApp announced that Nutanix and NetApp are helping enterprises optimize virtualized environments by combining NetApp ONTAP with Nutanix Cloud Infrastructure, with the integrated capability scheduled for general availability this fall.
acquisition_acquirerNetApp announced its intent to acquire Manchester, UK-based PEAK:AIO, a developer of metadata architecture and high-performance parallel file systems, with terms undisclosed and the deal subject to regulatory approvals.