NetApp (NTAP) EVP O'Callahan Elizabeth M Sells $237K of Stock

Elizabeth O'Callahan, the EVP and Chief Administrative Officer of NetApp, Inc. (NTAP), sold 1,000 shares on October 12, 2026, for $237,420. This planned transaction reflects her ongoing management of personal holdings.

Other Institutional Activity in NetApp

Blackrock Inc. trimmed its stake in NetApp by 1,007,380 shares, bringing its total to 18,901,321 shares valued at approximately $3.85 billion. Vanguard Capital Management LLC increased its holdings by 397,131 shares, ending with 12,885,538 shares worth about $2.63 billion. In contrast, Vanguard Portfolio Management LLC reduced its position by 375,787 shares, holding 12,276,980 shares valued at about $2.50 billion. State Street Corporation decreased its stake by 102,243 shares, ending with 9,921,533 shares worth approximately $2.02 billion, while Primecap Management Company cut its holdings by 40,759 shares, totaling 9,016,690 shares valued at around $1.84 billion.

NetApp, Inc. Stock Down 2.4%

As of October 16, 2026, NetApp shares were recently trading around $209.44, which is above its 50-day moving average of $201.80 and significantly above its 52-week low of $93.69. However, the stock is below its 52-week high of $240.87 and approximately 1.1% below the mean price target of $211.69 set by analysts.

Recent Earnings

NetApp reported a trailing twelve-month revenue of approximately $7.39 billion, with an earnings per share (EPS) of $7.09. The company is expected to announce its next earnings on December 1, 2026. The company also boasts a strong return on equity of 114.8% and a net margin of 19.2%.

Insider Buying and Selling at NetApp, Inc.

In addition to O'Callahan's sale, other insiders have also been active. On October 1, 2026, CEO George Kurian sold 10,000 shares, valued at about $2.1 million. Director Gerald D Held sold 5,757 shares for $1.22 million, while another Director, Carrie Palin, sold 5,000 shares for approximately $1.08 million on October 2, 2026.

Analysts Set New Price Targets

On October 2, 2026, Loop Capital maintained a "Buy" rating with a price target of $260, up from $215. Earlier, on October 6, TD Cowen also maintained a "Buy" rating with a target of $250, while Evercore ISI Group upgraded its rating to "Outperform" with a target of $300 on October 7. The consensus among analysts is a "Buy" rating with a mean target price of $211.69 based on 16 opinions.

About NetApp

NetApp, Inc. develops software and systems for managing data infrastructure. It operates through two segments: Hybrid Cloud and Public Cloud, serving a global clientele. The company's focus on transforming data management solutions is crucial as it continues to adapt to changing technology demands.

Bottom Line

Investors should watch for NetApp's upcoming earnings report on December 1, 2026, and further insider transactions that could signal shifts in management's outlook. The company's stock performance will also be influenced by ongoing analyst ratings and market conditions.