Macquarie Group Ltd. lifted its position in NetApp, Inc. (NASDAQ:NTAP) by 188.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,900 shares of the data storage provider’s stock after buying an additional 11,700 shares during the period. Macquarie Group Ltd.’s holdings in NetApp were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTAP. Exane Derivatives raised its stake in shares of NetApp by 59,850.0% in the 3rd quarter. Exane Derivatives now owns 2,398 shares of the data storage provider’s stock worth $105,000 after buying an additional 2,394 shares in the last quarter. First Personal Financial Services raised its stake in shares of NetApp by 27,540.0% in the 3rd quarter. First Personal Financial Services now owns 2,764 shares of the data storage provider’s stock worth $121,000 after buying an additional 2,754 shares in the last quarter. Krilogy Financial LLC bought a new stake in shares of NetApp in the 2nd quarter worth $122,000. Quantbot Technologies LP bought a new stake in shares of NetApp in the 3rd quarter worth $131,000. Finally, Pillar Pacific Capital Management LLC bought a new stake in shares of NetApp in the 3rd quarter worth $206,000. 94.97% of the stock is currently owned by institutional investors.

NetApp, Inc. (NTAP) opened at $58.58 on Tuesday. NetApp, Inc. has a twelve month low of $35.08 and a twelve month high of $58.99. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $15,540.00, a price-to-earnings ratio of 21.90, a PEG ratio of 1.89 and a beta of 1.29.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NetApp had a return on equity of 26.77% and a net margin of 11.49%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. NetApp’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts expect that NetApp, Inc. will post 2.72 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. NetApp’s dividend payout ratio is 34.33%.

In other NetApp news, EVP Henri P. Richard sold 1,976 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $42.01, for a total value of $83,011.76. Following the transaction, the executive vice president now owns 17,812 shares in the company, valued at $748,282.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurian sold 75,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $52.50, for a total value of $3,937,500.00. The disclosure for this sale can be found here. Insiders have sold 202,036 shares of company stock worth $10,171,008 in the last quarter. 0.47% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. Barclays reissued an “overweight” rating and issued a $56.00 price objective (up previously from $52.00) on shares of NetApp in a research note on Thursday, November 16th. Longbow Research raised NetApp from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, August 15th. Piper Jaffray Companies reissued an “overweight” rating and issued a $60.00 price objective on shares of NetApp in a research note on Thursday, November 16th. Drexel Hamilton reissued a “buy” rating and issued a $62.00 price objective (up previously from $60.00) on shares of NetApp in a research note on Friday, August 18th. Finally, UBS raised NetApp from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.39.

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NetApp Profile

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.

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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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