Caisse de depot et placement du Quebec Acquires New Position in NetApp, Inc. $NTAP

Caisse de depot et placement du Quebec acquired a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) in the 2nd quarter, HoldingsChannel reports. The firm acquired 512,536 shares of the data storage provider’s stock, valued at approximately $79,320,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTAP. Park Square Financial Group LLC grew its position in NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 103 shares during the last quarter. Gen Wealth Partners Inc bought a new stake in shares of NetApp during the 4th quarter valued at approximately $30,000. DV Equities LLC bought a new position in NetApp in the 4th quarter valued at approximately $30,000. Roble Belko & Company Inc bought a new stake in shares of NetApp during the first quarter worth $31,000. Finally, Torren Management LLC acquired a new position in shares of NetApp during the fourth quarter worth $34,000. 92.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $200.00 price objective on shares of NetApp in a report on Tuesday, June 2nd. Barclays increased their target price on NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. UBS Group reissued a “neutral” rating and set a $160.00 price target on shares of NetApp in a research note on Friday, May 29th. Bank of America boosted their price target on NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company upped their price objective on NetApp from $115.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, May 29th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $179.77.

Insider Transactions at NetApp

In other news, President Cesar Cernuda sold 2,608 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the sale, the president owned 46,530 shares in the company, valued at $9,514,454.40. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the sale, the executive vice president owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 55,297 shares of company stock worth $8,758,016 in the last quarter. 0.36% of the stock is currently owned by corporate insiders.

NetApp Trading Down 1.7%

Shares of NetApp stock opened at $190.64 on Friday. The stock has a market capitalization of $37.41 billion, a PE ratio of 29.97, a price-to-earnings-growth ratio of 3.45 and a beta of 1.45. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06. The stock has a 50 day moving average price of $175.36 and a two-hundred day moving average price of $137.69. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. As a group, equities analysts anticipate that NetApp, Inc. will post 7.34 earnings per share for the current fiscal year.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp was named a Leader in Gartner’s 2026 Magic Quadrant for Enterprise Storage Platforms and ranked first for the Hybrid Cloud Storage Use Case. The recognition could support customer confidence and strengthen NetApp’s competitive position. NetApp Named a Leader in the 2026 Gartner Magic Quadrant for Enterprise Storage Platforms
• Positive Sentiment: Analyst commentary highlighted momentum in NetApp’s Public Cloud business, driven by hyperscaler storage demand. Strong margins could create operating leverage as cloud revenue expands. Will NetApp’s Public Cloud Business Maintain Its Growth Momentum?
• Positive Sentiment: Technical coverage noted that NTAP recently moved above its 20-day moving average, a signal that could indicate improving short-term momentum and technical support. NetApp Just Overtook the 20-Day Moving Average
• Neutral Sentiment: NetApp plans to participate in upcoming investor conferences, which may provide management with an opportunity to discuss demand, cloud growth and its outlook, but no new financial information was announced. NetApp to Participate in Upcoming Conferences
• Neutral Sentiment: Comparisons with Super Micro Computer focused on relative valuation and investment appeal, offering context for investors but no company-specific change to NetApp’s fundamentals. SMCI vs. NTAP: Which Stock Is the Better Value Option?
• Negative Sentiment: The stock declined despite a stronger market session, indicating possible profit-taking or concern that its elevated valuation already reflects much of the expected growth. NetApp’s latest reported quarter also included an earnings-per-share miss, despite revenue exceeding estimates, which may keep investors focused on execution. NetApp Stock Falls Amid Market Uptick

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.