Mediolanum International Funds Ltd Grows Stock Position in NetApp, Inc. $NTAP

Mediolanum International Funds Ltd boosted its position in NetApp, Inc. (NASDAQ:NTAP) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,914 shares of the data storage provider’s stock after buying an additional 9,203 shares during the period. Mediolanum International Funds Ltd’s holdings in NetApp were worth $21,451,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NTAP. Transcend Capital Advisors LLC acquired a new stake in shares of NetApp in the 3rd quarter worth $219,000. Frank Rimerman Advisors LLC increased its stake in shares of NetApp by 2.0% during the third quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock worth $655,000 after acquiring an additional 106 shares during the period. National Pension Service raised its holdings in NetApp by 26.0% during the third quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock worth $18,868,000 after purchasing an additional 32,833 shares in the last quarter. Valley Wealth Managers Inc. lifted its position in NetApp by 1.4% in the third quarter. Valley Wealth Managers Inc. now owns 48,570 shares of the data storage provider’s stock valued at $5,754,000 after purchasing an additional 654 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in NetApp by 8.4% in the 3rd quarter. New York State Common Retirement Fund now owns 151,475 shares of the data storage provider’s stock valued at $17,944,000 after purchasing an additional 11,713 shares in the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NTAP has been the subject of a number of analyst reports. Northland Securities set a $137.00 target price on NetApp and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Wedbush reiterated a “neutral” rating and issued a $110.00 price objective on shares of NetApp in a research report on Friday, October 10th. The Goldman Sachs Group assumed coverage on shares of NetApp in a research report on Tuesday, January 13th. They set a “buy” rating and a $128.00 target price on the stock. Wells Fargo & Company increased their price target on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Finally, Citigroup reduced their price objective on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $124.33.

NetApp Stock Performance

NASDAQ:NTAP opened at $96.35 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $19.08 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.38. The firm has a 50-day moving average price of $108.23 and a two-hundred day moving average price of $111.86. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $127.78.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $1.87 earnings per share. NetApp’s revenue was up 2.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. As a group, research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, January 2nd. NetApp’s dividend payout ratio is 36.17%.

Insider Activity

In related news, CAO Lorenzo Daniel De sold 327 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $107.48, for a total transaction of $35,145.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $105.49, for a total transaction of $105,490.00. Following the completion of the sale, the executive vice president directly owned 21,075 shares of the company’s stock, valued at $2,223,201.75. The trade was a 4.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,654 shares of company stock worth $175,782 over the last ninety days. 0.28% of the stock is owned by corporate insiders.

NetApp Profile

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.