NetApp Shares Break Above 200-Day Moving Average, Signaling Bullish Trend

NetApp Inc. (NTAP) shares have crossed above their 200-day moving average of $109.25, reaching $110.32 per share. This is seen as a bullish sign, as it indicates a positive trend for the company. The stock's 52-week range is between $71.84 and $135.45, with a last trade of $108.17.

NetApp Inc. (NTAP) shares have crossed above their 200-day moving average of $109.25, reaching $110.32 per share. This development is seen as a bullish sign, indicating a positive trend for the company. The stock's 52-week range is between $71.84 and $135.45, with a last trade of $108.17 [1].

Envestnet Asset Management Inc. has boosted its holdings in NetApp by 9.8% during the first quarter, according to its recent SEC filing. This increase suggests growing institutional confidence in the company's prospects. Several other large investors have also added to their stakes in NTAP, including Assetmark Inc., Olde Wealth Management LLC, Itau Unibanco Holding S.A., Coppell Advisory Solutions LLC, and Park Square Financial Group LLC [2].

NetApp's recent earnings report showed strong performance, with the company reporting $1.93 EPS, beating analysts' consensus estimates of $1.90. The company's net margin was 18.05%, and its return on equity was 126.96%. Revenue for the quarter was $1.73 billion, up 3.8% year-over-year. The company has a market cap of $21.09 billion and a price-to-earnings ratio of 18.51 [2].

JPMorgan has increased its price target for NetApp from $115 to $130, maintaining an Overweight rating on the stock. The investment firm anticipates significant growth in the latter half of 2025, driven by strong cloud spending trends. However, they advise caution regarding other customer sectors, which are showing heightened sensitivity to broader economic conditions [3].

Several equities research analysts have issued varying ratings and price targets for NTAP. Evercore ISI decreased their price target from $120.00 to $100.00, while Wedbush set a $110.00 price target. Morgan Stanley, Barclays, and Wells Fargo & Company have also restated their ratings and price targets for the stock [2].

NetApp recently disclosed a quarterly dividend of $0.52 per share, to be paid on July 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.98% [2].

In summary, NetApp Inc. shares crossing above their 200-day moving average, along with positive earnings reports and increasing institutional holdings, suggest a bullish trend for the stock. However, analysts advise caution regarding broader economic conditions and other customer sectors.

References:
[1] https://www.nasdaq.com/articles/netapp-breaks-above-200-day-moving-average-bullish-ntap
[2] https://www.marketbeat.com/instant-alerts/filing-envestnet-asset-management-inc-grows-stake-in-netapp-inc-nasdaqntap-2025-07-14/
[3] https://www.gurufocus.com/news/2983538/jpmorgan-boosts-netapp-ntap-price-target-amid-cloud-growth-ntap-stock-news