Gartner Magic Quadrant for Enterprise Storage 2026: Everpure Tops Both Axes Again as the Six Leaders Hold
Gartner has released its 2026 Magic Quadrant for Enterprise Storage Platforms, showing continued leadership from the same six vendors: Everpure, Huawei, HPE, NetApp, Dell Technologies, and IBM. Everpure maintained its top position for both ability to execute and completeness of vision for the second consecutive year. The report highlights significant developments from these leaders, aligning with StorageReview's observations over the past year.
The Forrester Wave: Object Storage Solutions, Q2 2026
StorageNewsletter critiques "The Forrester Wave: Object Storage Solutions, Q2 2026" report, expressing surprise and disappointment over the omission of key object storage players like Cloudian, DataCore (Swarm), IBM (Cloud Object Storage), and MinIO. The article questions Forrester's inclusion criteria, particularly the revenue requirement and the classification of unified storage platforms with object interfaces as dedicated object storage solutions. It concludes that the report does not fully reflect the current object storage market landscape.
Portfolio Design Labs LLC Invests $838,000 in NetApp, Inc. $NTAP
Portfolio Design Labs LLC recently acquired a new position in NetApp, Inc. (NASDAQ:NTAP), purchasing 5,418 shares valued at approximately $838,000 during the second quarter. This move is part of broader institutional investment activity, with several other firms also adjusting their stakes in NetApp. The article also highlights recent insider selling, NetApp's financial performance, dividend announcements, and updated analyst ratings, indicating a "Hold" consensus for the stock.
Tocqueville Asset Management L.P. Buys New Shares in NetApp, Inc. $NTAP
Tocqueville Asset Management L.P. recently purchased 10,775 shares of NetApp, Inc. (NASDAQ:NTAP) valued at approximately $1,668,000 during the second quarter. Other institutional investors like BlackRock Inc. and State Street Corp also significantly increased their holdings in NetApp. The company's stock shows a market capitalization of $37.84 billion, a PE ratio of 30.32, and recently declared a quarterly dividend of $0.52 per share.
Wealthfront Advisers LLC Buys Shares of 40,173 NetApp, Inc. $NTAP
Wealthfront Advisers LLC recently acquired 40,173 shares of NetApp, Inc. (NASDAQ:NTAP) valued at approximately $6.2 million during the second quarter. This move is part of broader institutional interest, with several other hedge funds also adjusting their positions in NTAP. Despite insider sales, NetApp announced a quarterly dividend and analysts maintain a "Hold" rating with a consensus target price of $177.25.
9,000 Shares in NetApp, Inc. $NTAP Bought by Monetta Financial Services Inc.
Monetta Financial Services Inc. recently acquired 9,000 shares of NetApp, Inc. (NASDAQ:NTAP) valued at approximately $1,393,000 during the second quarter. Other institutional investors have also adjusted their holdings in NetApp. The article details NetApp's stock performance, recent earnings, dividend announcement, insider trading activities, and current analyst ratings.
7,352 Shares in NetApp, Inc. $NTAP Acquired by Meeder Advisory Services Inc.
Meeder Advisory Services Inc. acquired 7,352 shares of NetApp (NASDAQ:NTAP) worth approximately $1.14 million in the second quarter. Despite NetApp reporting revenue above estimates, its EPS of $2.03 missed the consensus forecast of $2.27. Institutional investors own 92.17% of the company, and analysts currently maintain a "Hold" rating with a $177.25 price target.
E Fund Management Co. Ltd. Takes Position in NetApp, Inc. $NTAP
E Fund Management Co. Ltd. has acquired a new stake in NetApp, Inc. (NASDAQ:NTAP), purchasing 5,366 shares valued at approximately $830,000 during the second quarter. Despite mixed analyst ratings, institutional investors now own 92.17% of NetApp's stock. The company recently reported quarterly revenue of $1.95 billion, exceeding estimates, and declared a dividend of $0.52 per share.
Edmond DE Rothschild Holding S.A. Purchases New Shares in NetApp, Inc. $NTAP
Edmond DE Rothschild Holding S.A. has acquired a new position in NetApp, Inc. (NASDAQ:NTAP), purchasing 828,205 shares valued at approximately $128,173,000. This investment makes NetApp the 13th biggest holding in their portfolio, representing about 1.7% of their total assets. Other institutional investors have also adjusted their stakes, while company insiders have recently sold shares.
Danske Bank A S Purchases Shares of 166,239 NetApp, Inc. $NTAP
Danske Bank A S has acquired a new position in NetApp, Inc. (NASDAQ:NTAP) by purchasing 166,239 shares valued at approximately $25.73 million in the second quarter. Other institutional investors also adjusted their holdings in NetApp, while company insiders sold a significant number of shares. NetApp recently reported its quarterly earnings, issued a dividend, and received various analyst ratings, with an average target price of $177.25.
Aurora Investment Counsel Buys Shares of 13,536 NetApp, Inc. $NTAP
Aurora Investment Counsel has acquired a new stake of 13,536 shares in NetApp, Inc. (NASDAQ:NTAP) valued at approximately $2,095,000. This investment comes amidst various other institutional investors modifying their holdings in the company. Wall Street analysts have provided mixed ratings for NetApp, with a consensus "Hold" rating and a target price of $177.25.
Abacus FCF Advisors LLC Takes $7.61 Million Position in NetApp, Inc. $NTAP
Abacus FCF Advisors LLC has acquired a new position in NetApp, Inc. (NASDAQ:NTAP) by purchasing 49,193 shares valued at approximately $7.61 million during the second quarter. Other institutional investors have also adjusted their holdings in NetApp, while the company reported mixed financial results, missing EPS estimates but exceeding revenue expectations for its last quarter. NetApp recently declared a quarterly dividend of $0.52 per share and has seen insider selling activity, alongside updated analyst ratings and price targets.
NetApp (NTAP) Stock Dropped, So What Is Driving Attention Today?
NetApp (NTAP) stock is under scrutiny following its participation at TechNet Augusta, where its engagement with government and defense data needs was highlighted. Despite recent drops, the stock shows strong momentum year-to-date. Valuation opinions are mixed, with analysts suggesting it's overvalued at $194.48 compared to a $175.69 fair value, while Simply Wall St's DCF model indicates it's modestly undervalued at $198.97.
A Look at NetApp Inc (NTAP) After 5.0% Decline -- GF Value $120.
NetApp Inc (NTAP) shares recently fell by 5.0% to $194.48. Despite strong year-to-date performance and high profitability/growth scores, the stock is considered significantly overvalued with a GF Value™ of $120.85. Insider selling and a P/E ratio well above its historical median suggest caution for investors.
NetApp (NTAP) Stock Sinks As Market Gains: Here's Why
NetApp (NTAP) shares fell 5% in the latest trading session, underperforming the broader market despite its 23.5% gain over the past month. The company is set to release its earnings report on September 2, 2026, with analysts expecting significant year-over-year growth in both earnings per share and revenue. Investors are advised to monitor analyst estimate revisions and valuation metrics like the Forward P/E and PEG ratios.
Cesar Cernuda Sells 2,608 Shares of NetApp (NASDAQ:NTAP) Stock
NetApp President Cesar Cernuda sold 2,608 shares of NetApp (NASDAQ:NTAP) stock for approximately $533,284 on August 17th, retaining 46,530 shares. The company's shares fell 5.0% to $194.48, despite quarterly revenue exceeding estimates, though earnings per share missed expectations. Analysts maintain a "Hold" rating with an average price target of $177.25, and NetApp offers a quarterly dividend of $0.52 per share.
NetApp Inc. stock underperforms Wednesday when compared to competitors
NetApp Inc. (NTAP) shares fell by 5.00% on Wednesday, closing at $194.48, despite a generally favorable trading session for the broader market, with both the S&P 500 and Dow Jones Industrial Average posting gains. The stock ended 6.97% below its 52-week high of $209.06, which it reached on August 13th.
NetApp (NTAP) president sells shares around $204 in plan
NetApp, Inc. President Cesar Cernuda sold a total of 2,608 common shares in four separate open-market transactions on August 17, 2026. The sales were executed at weighted average prices between $203.63 and $206.40, as part of a Rule 10b5-1 trading plan adopted on March 24, 2026. After these transactions, Cernuda directly holds 46,530 common shares.
NetApp (NASDAQ: NTAP) CAO settles RSU taxes with shares
NetApp's SVP and Chief Accounting Officer, Daniel De Lorenzo, had 743 restricted stock units (RSUs) vest on August 15, 2026. In connection with this vesting, 266 common shares were withheld to cover tax liabilities or exercise prices, at a price of $204.99 per share. The remaining shares were retained as directly owned common stock.
NetApp Shares Slip as Investors Appear to Turn Cautious Ahead of Earnings
NetApp (NTAP) shares slipped 3.4%, likely due to profit-taking and investor caution ahead of its Q1 fiscal 2027 earnings report on September 2, 2026. This comes after a period of strong performance and the recent acquisition of DataPelago, which may raise integration questions. Insider selling, though planned, also contributed to a cautious sentiment among investors.
Meeder Asset Management Inc. Acquires Shares of 28,618 NetApp, Inc. $NTAP
Meeder Asset Management Inc. has acquired a new position of 28,618 shares in NetApp, Inc. (NASDAQ:NTAP) valued at approximately $4.43 million during the second quarter. Other institutional investors have also adjusted their holdings in NetApp, which currently has 92.17% institutional ownership. Wall Street analysts have issued mixed ratings for NTAP, with a consensus "Hold" rating and an average target price of $177.25.
Perigon Wealth Management LLC Buys Shares of 6,633 NetApp, Inc. $NTAP
Perigon Wealth Management LLC has acquired a new stake of 6,633 shares in NetApp, Inc. valued at approximately $1.03 million during the second quarter. Despite this, analysts generally hold a "Hold" rating for NTAP with an average price target below its current trading price. The company reported a 12.5% year-over-year revenue increase to $1.95 billion but missed EPS estimates, while paying a quarterly dividend of $0.52.
NetApp (NTAP) CAO withholds 1,468 shares to cover obligations after RSUs vest
NetApp, Inc.'s EVP and Chief Administrative Officer, Elizabeth M. O'Callahan, had 2,908 restricted stock units (RSUs) vest on August 15, 2026. To cover tax liabilities and exercise costs, 1,468 common shares, valued at $204.99 per share, were withheld, resulting in no net market transaction. The vesting originated from RSU grants made in 2023, 2024, and 2025.
Deutsche Bank AG Invests $195.20 Million in NetApp, Inc. $NTAP
Deutsche Bank AG has acquired a significant new stake in NetApp, Inc., purchasing 1,261,326 shares valued at approximately $195.20 million during the second quarter. This investment makes Deutsche Bank AG the owner of about 0.64% of NetApp. The article also details other institutional investor activities, insider stock sales, analyst ratings, and NetApp's recent financial performance and dividend announcements.
BlackRock Inc. Acquires New Shares in NetApp, Inc. $NTAP
BlackRock Inc. has acquired a significant new position in NetApp, Inc. (NASDAQ:NTAP) by purchasing over 18.9 million shares valued at approximately $2.93 billion, making it a 9.63% owner. Other institutional investors also adjusted their holdings in NetApp, which currently has a market capitalization of $40.17 billion and a "Hold" rating from analysts with an average price target of $177.25. The article also details NetApp's financial performance, dividend announcement, and recent insider stock sales.
NetApp (NTAP) CEO vests 7,565 shares, withholds 3,817
NetApp CEO George Kurian vested 7,565 restricted stock units (RSUs) on August 15, 2026, stemming from grants made in 2023, 2024, and 2025. Concurrently, 3,817 shares were withheld at $204.99 per share to cover tax liabilities or exercise prices. Following these transactions, Kurian's direct holdings include 52,153 restricted stock units and 358,537 common shares.
NetApp (NASDAQ: NTAP) exec Syam Nair converts RSUs, buys shares
NetApp executive Syam Nair recently converted 42,739 restricted stock units (RSUs) into common shares and had 16,818 shares withheld at $204.99 each to cover taxes. Following these transactions, Nair retains 151,533 RSUs. Additionally, Nair purchased 379 shares at $95.4295 per share through the NetApp Employee Stock Purchase Plan earlier in May 2026.
NetApp (NASDAQ: NTAP) CFO has 684 shares withheld at $204.99 for RSU taxes
NetApp's EVP and CFO, Wissam G. Jabre, exercised 1,356 restricted stock units (RSUs), converting them into common shares. To cover tax obligations, 684 shares were withheld at a price of $204.99 per share. Following this transaction, Jabre holds 14,916 RSUs, with a significant portion of a previous grant vesting over the next three years.
NTAP Maintained by Citigroup -- Price Target Raised to $209
Citigroup maintained its Neutral rating on NetApp Inc (NTAP) but raised its price target from $150 to $209, citing potential growth opportunities as the company transforms into a cloud-centric data infrastructure provider. Despite this, GuruFocus assesses NTAP as 70.8% overvalued with a GF Value™ of $120.82 compared to its current price of $206.35, and notes significant insider selling activity totaling $9.5 million over the past three months. The company has a strong GF Score™ of 88/100, excelling in profitability and growth, but its valuation remains a concern for investors.
Occidental Asset Management LLC Takes Position in NetApp, Inc. $NTAP
Occidental Asset Management LLC has acquired a new position in NetApp, Inc. (NASDAQ:NTAP) during the second quarter, purchasing 53,647 shares valued at approximately $8.3 million. This investment makes NetApp the 24th biggest holding for Occidental Asset Management LLC, comprising 0.8% of its portfolio. Despite strong institutional ownership and revenue growth, NetApp missed earnings estimates and analysts currently maintain a "Hold" rating with an average price target below its current market price.
Citigroup Adjusts Price Target on NetApp to $209 From $150, Maintains Neutral Rating
Citigroup has raised its price target for NetApp (NTAP) to $209 from $150, while maintaining a Neutral rating on the stock. This adjustment reflects Citigroup's updated outlook on NetApp's valuation and potential future performance.
Plato Investment Management Ltd Acquires New Position in NetApp, Inc. $NTAP
Plato Investment Management Ltd has acquired a new position in NetApp, Inc. (NASDAQ:NTAP) by purchasing 10,209 shares valued at approximately $1,571,000 during the second quarter. Other institutional investors have also adjusted their holdings, with Norges Bank making a significant new investment and several firms increasing their stakes. The article also details recent insider stock sales, NetApp's financial performance, dividend announcements, and current analyst ratings.
Assessing Apple's Performance Against Competitors In Technology Hardware, Storage & Peripherals Indus
This article analyzes Apple's performance against its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights that Apple's PE ratio is lower than the industry average, suggesting potential for growth at a reasonable price, while its high PB and PS ratios indicate it might be overvalued. Apple demonstrates strong profitability with above-average ROE, EBITDA, and gross profit, but its revenue growth lags behind the industry average.
Citigroup Adjusts Price Target on NetApp to $209 From $150, Maintains Neutral Rating
Citigroup has raised its price target for NetApp (NTAP) to $209 from $150, while maintaining a Neutral rating on the stock. This adjustment comes amidst other analyst actions on NetApp, including Goldman Sachs raising its price target to $210 with a Buy rating, and Morgan Stanley upgrading the stock to Equalweight. The company specializes in data management and storage equipment, with recent activities including acquisitions and collaborations for hybrid cloud services.
NetApp stock trades close to its 52-week high as investors eye upcoming Q1 FY2027 results
NetApp stock is trading near its 52-week high as investors anticipate the release of its Q1 fiscal 2027 results. The company reported strong double-digit revenue growth in the last quarter, with Q1 FY2027 EPS guidance set between $2.05 and $2.15. NetApp will report Q1 FY2027 earnings on September 2, 2026, after market close, and its shares have seen a 93.4% year-to-date increase, reflecting strong investor confidence despite a slight miss on EPS consensus in the prior quarter.
NetApp Inc. stock outperforms competitors despite losses on the day
Shares of NetApp Inc. (NTAP) fell by 1.39% to $204.20 on Monday, breaking a three-day winning streak, during a generally poor trading session for the stock market. Despite this daily loss, the article title suggests the stock outperformed its competitors. The S&P 500 Index and Dow Jones Industrial Average also experienced declines.
Cesar Cernuda Rego plans $533K NetApp (NASDAQ: NTAP) stock sale
Cesar Cernuda Rego has filed a Form 144 notice to sell 2,608 shares of NetApp, Inc. (NTAP) common stock, valued at approximately $533,297.14, through Morgan Stanley Smith Barney LLC. The sale of these restricted shares, acquired on August 15, 2025, is anticipated to occur around August 17, 2026. This proposed transaction follows a prior sale of 49,464 shares worth over $7.6 million in the preceding three months.
HCLTech Pairs NetApp Keystone With U4X to Sell Enterprise AI Storage by Consumption
HCLTech and NetApp have expanded their partnership to offer a hybrid cloud Storage-as-a-Service (STaaS) platform designed for enterprise AI, generative AI, and high-performance data needs. This new offering integrates HCLTech's U4X framework with NetApp Keystone, providing a pay-as-you-go model that aligns infrastructure consumption with operational demand. The collaboration aims to help organizations scale storage performance and capacity without significant upfront capital expenditures, while also strengthening data readiness and governance.
NetApp stock holds near a record high after a strong run
NetApp stock is trading near its 52-week high after a strong run in 2026, with shares up 93.4% year-to-date. Despite a consensus "Hold" rating and a target price below its current trading level, the company continues to demonstrate strong financial performance, including solid revenue conversion to profit. Investors are now evaluating whether future earnings can sustain the stock's elevated valuation, especially after a recent EPS miss.
Weekly Recap: NetApp, Inc. Q1 FY2027 results and Morgan Stanley $173 target
NetApp, Inc. (NASDAQ: NTAP) is scheduled to report its Q1 FY2027 results on September 2, 2026. This announcement follows Morgan Stanley's upgrade of NTAP from Underweight to Equal-Weight, with a revised price target of $173, up from $137. The company's earnings webcast will be held at 2:30 p.m. PT after market close.
Oppenheimer Asset Management Inc. Makes New Investment in NetApp, Inc. $NTAP
Oppenheimer Asset Management Inc. has acquired a new position of 14,280 shares in NetApp, Inc., valued at approximately $2.21 million. This new investment comes amidst other institutional investors adjusting their stakes in NetApp, with hedge funds and institutional investors owning 92.17% of the company's stock. The article also details recent analyst ratings, insider transactions, and NetApp's financial performance, including its latest earnings report and dividend announcement.
Weekly Recap: NetApp tie-up for AI storage and Parag Parikh boosts HCLTECH stake
HCL Technologies has expanded its partnership with NetApp to provide scalable, AI-ready hybrid cloud storage-as-a-service for enterprise AI workloads. Additionally, Parag Parikh Flexi Cap Fund increased its stake in HCL Technologies (HCLTECH) during July 2026. This recap highlights key business developments for HCL Technologies, focusing on its AI initiatives and investor confidence.
GSA Capital Partners LLP Takes Position in NetApp, Inc. $NTAP
GSA Capital Partners LLP has acquired a new stake in NetApp, Inc. (NASDAQ:NTAP) during the second quarter, purchasing 15,158 shares valued at approximately $2.35 million. Other institutional investors have also significantly adjusted their holdings in NetApp, with substantial purchases by Norges Bank, First Trust Advisors LP, and SG Americas Securities LLC. Analyst ratings for NetApp are mixed, with an average "Hold" rating and an average price target of $172.33, while insider selling has also been reported.
NetApp Inc. stock outperforms competitors on strong trading day
NetApp Inc. (NTAP) shares rose 1.02% to $207.08 on Friday, marking its third consecutive day of gains. This performance occurred despite a weak overall market, with both the S&P 500 Index and Dow Jones Industrial Average experiencing declines.
Morgan Stanley Turns More Bullish on IT Hardware as ‘Chipflation’ Drives Faster Spending
Morgan Stanley has become more bullish on the U.S. IT hardware sector, upgrading its industry view to In-Line from Cautious, citing that rising memory-chip costs (chipflation) are accelerating corporate spending on infrastructure rather than delaying it. The firm upgraded Hewlett Packard Enterprise and Pure Storage to Overweight and NetApp to Equal-weight, driven by increased demand for servers and storage due to both "Fear of Missing Procurement" and AI-related infrastructure expansion. While tactical, this positive outlook acknowledges potential cyclical risks, particularly in 2027 as accelerated purchasing might normalize.
HCLTech, NetApp Expand Partnership to Offer Hybrid Cloud Storage-as-a-Service
HCLTech and NetApp have expanded their partnership to provide a hybrid cloud storage-as-a-service solution. This collaboration aims to help enterprises manage their data across hybrid cloud environments more effectively. The offering integrates HCLTech's service capabilities with NetApp's storage technology.
Is NetApp’s (NTAP) JetStream Deal Quietly Reframing Its AI‑Ready Hybrid Cloud Ambitions?
NetApp recently acquired JetStream Software to enhance its VMware-focused disaster recovery and cyber-resilience capabilities, aligning with its hybrid cloud and AI ambitions. The deal and upcoming Q1 FY27 earnings on September 2, 2026, will shed light on how NetApp plans to integrate JetStream to boost its AI infrastructure and cloud subscription offerings. While the company projects significant revenue and earnings growth by 2029, its current stock price shows a 14% downside to fair value according to some analyst estimates.
AI production at scale: Companies partner on solutions
Enterprises are struggling to move AI from proof of concept to production, highlighting a need for greater emphasis on operationalization over models. This article discusses how companies like Nutanix, Supermicro, MinIO, and Peak:AIO are collaborating to offer integrated solutions that simplify the scaling of AI, particularly agentic AI, by addressing infrastructure complexity, data management, and performance. Experts from these companies shared their insights during the Supermicro Open Storage Summit, emphasizing the importance of resilient infrastructure, security, and optimized performance for successful AI deployment.
Pool Corporation (POOL) Stock Forecasts
Argus has lowered its target price for Pool Corporation (POOL) to $191.00, down from the current price of $200.57. Pool Corp, which distributes swimming pool supplies, was the subject of a report dated August 12, 2026. The report also notes a bullish technical assessment for the stock in the intermediate term.
NetApp Inc. stock underperforms Thursday when compared to competitors despite daily gains
NetApp Inc. (NTAP) stock gained 1.46% on Thursday, closing at $204.99. Despite this daily increase, the stock underperformed compared to the broader market indices, with the S&P 500 rising 0.65% and the Dow Jones Industrial Average gaining 0.13%. This marks the second consecutive day of gains for NetApp's stock.
