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NetApp Inc (NTAP) — chart, structure and Closelook read

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Company snapshot — NetApp Inc

NTAP in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
NetApp sells data management software and storage systems that companies use to run and protect enterprise data across on-premises and cloud settings. Its ONTAP software underpins hardware such as the AFF and ASA arrays, and it offers cloud-native storage built into Azure, AWS and Google Cloud. It also sells backup, disaster recovery and ransomware protection, delivered through direct sales and cloud-provider partners.
Where it sits in the stack
NetApp carries no seat in Rubin or Halo, our AI infrastructure indices. It sits in the Storage sleeve of our wider universe, alongside disk and flash makers whose capacity underpins data held for training and inference workloads.
Who it is priced against
Closelook's peer group prices NetApp against storage hardware and memory names — Western Digital, Seagate Technology, Sandisk and Micron Technology — reflecting shared exposure to storage-capacity demand. Pure Storage, another all-flash array maker, is the additional comparison investors often draw.
Why Closelook tracks it
NetApp holds a seat in the S&P 500 and carries a Closelook score, where momentum is the strongest module and valuation the weakest. The diary has quoted it twice: once as one of the all-flash array partners building physical storage for agentic infrastructure, and once on a forward watchlist of storage names tied to a chipmaker's roadmap.
What the diary watches
The diary watches whether cloud storage revenue and all-flash array demand keep pace with the wider build-out, given how closely the name trades alongside its hardware peers.

NetApp Inc (NTAP) trades on US exchanges, classified under Technology.

The Closelook company score reads 66/100 composite (momentum 88, quality 83, valuation 43) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for NTAP, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 6 analyst actions on the wire · latest: price target by Argus, 2026-09-11 · last print 2026-09-02

The Street on this name

Analyst actions and the latest print for NTAP from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target Argus — target 225 from 200 Target raised to $225 from $200 (+13.5% to spot) 2026-09-11
  • Price target Northland — target 187 from 171 Target raised to $187 from $171 (+0.6% to spot) 2026-09-03
  • Price target Morgan Stanley — target 191 from 173 Target raised to $191 from $173 (+3.4% to spot) 2026-09-03
  • Latest print EPS 2.58 against 2.12 expected — a +21.7% beat 2026-09-02

6 actions on the analyst wire since 2026-08-13: 6 target changes. Analyst wire → · Earnings wire →

Who it is priced against Storage · 4 names with week and year-to-date

Peer group

Storage

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against NTAP on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Versus its index Agentic Ecosystem Index — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelook index and its own sleeve — equal-weight, nightly closes.

Agentic Ecosystem Index · as of 2026-09-16

DayWeekMonth3 months
NTAP+0.8%+3.7%−6.2%+18.7%
Data & Memory+0.5%+1.6%−5.7%—
Agentic Ecosystem Index+0.3%+3.8%−0.9%—

Against the index: 0.1 pts behind on the week, 5.3 pts behind on the month; against its Data & Memory sleeve 0.5 pts behind on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 45/100 · S&P 500 fund at 42, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-16
  • Factor regime Momentum leadership cooling, still above trendMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 91th percentile of the window, -0.7% over 20 sessions. Factor regime → 2026-09-16
  • Sector × region Technology in US: −2.1% week · −3.4% month · −1.2% quarter · +32.1% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-16
  • Sovereign pressure Index 0.17 · up 0.22 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-16

FAQ · from the current data · as of 2026-09-17

Quick answers

What is NetApp Inc (NTAP)?

NetApp Inc trades as NTAP on the US exchange (United States) and is classified under Technology in the Closelook research universe, as of the registry build of 2026-09-17.

Is NTAP in a Closelook index?

Not currently — NetApp Inc is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-17.

What is NetApp Inc's Closelook composite score?

66 out of 100, with momentum 88, quality 83 and valuation 43 sub-scores, as of 2026-09-17. Scores are Closelook's own research readings, not ratings or investment advice.

Where does NTAP trade against its moving averages?

Stochastic turned down: Its stochastic crossed down from overbought (%K 74.8 under %D 78.3) today — momentum is cooling. As of 2026-09-16 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

How is NTAP doing against its Closelook index?

Over the past month NetApp Inc is −6.2% against −0.9% for the Agentic Ecosystem Index — 5.3 points behind its index, as of 2026-09-16. Its Data & Memory sleeve is −5.7% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

What does NetApp Inc do?

NetApp sells data management software and storage systems that companies use to run and protect enterprise data across on-premises and cloud settings. Its ONTAP software underpins hardware such as the AFF and ASA arrays, and it offers cloud-native storage built into Azure, AWS and Google Cloud. It also sells backup, disaster recovery and ransomware protection, delivered through direct sales and cloud-provider partners. Closelook's peer group prices NetApp against storage hardware and memory names — Western Digital, Seagate Technology, Sandisk and Micron Technology — reflecting shared exposure to storage-capacity demand. Pure Storage, another all-flash array maker, is the additional comparison investors often draw.

Where does NetApp Inc sit in the AI build-out?

NetApp carries no seat in Rubin or Halo, our AI infrastructure indices. It sits in the Storage sleeve of our wider universe, alongside disk and flash makers whose capacity underpins data held for training and inference workloads. NetApp holds a seat in the S&P 500 and carries a Closelook score, where momentum is the strongest module and valuation the weakest. The diary has quoted it twice: once as one of the all-flash array partners building physical storage for agentic infrastructure, and once on a forward watchlist of storage names tied to a chipmaker's roadmap.

What has Wall Street done on NetApp Inc recently?

The most recent analyst action on NetApp Inc on the Closelook wire is a price target by Argus on 2026-09-11 (target 225 from 200). 6 actions on the analyst wire since 2026-08-13: 6 target changes. Its latest earnings print on the wire, 2026-09-02: EPS 2.58 against 2.12 expected — a +21.7% beat. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

Where has Closelook written about NetApp Inc?

NetApp Inc appears in 2 Closelook pieces, most recently Dossier: Agentic Infrastructure Software: The Orchestration Layer (2026-02-24); 101: Strategic Authority Investment: Reading the Jensen Huang Roadmap. What Closelook said most recently: The hardware requires all-flash array partners (Pure Storage, NetApp, Dell) to build the physical boxes, while software platforms (Elastic, MongoDB, Snowflake) organize and query the data. (Dossier, 2026-02-24). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

A live price chart with SMA overlays and drawing tools for NTAP, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Mentioned on Closelook 2 pieces · newest: Dossier, “Agentic Infrastructure Software: The Orchestration Layer” (2026-02-24)

Mentioned on Closelook

Where NTAP appears in the diary — 2 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

101 and glossary

Related in the Closelook universe