NetApp, Inc. $NTAP Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 19,442 shares of the data storage provider’s stock after purchasing an additional 999 shares during the period. Elo Mutual Pension Insurance Co’s holdings in NetApp were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbour Investments Inc. raised its stake in shares of NetApp by 287.9% during the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after buying an additional 190 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in NetApp in the second quarter worth $28,000. 1248 Management LLC acquired a new stake in NetApp in the first quarter valued at $25,000. Manchester Capital Management LLC boosted its position in shares of NetApp by 375.0% during the 1st quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Finally, CVA Family Office LLC grew its stake in shares of NetApp by 300.0% during the 2nd quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NTAP. William Blair reissued a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a report on Wednesday. Wedbush restated a “neutral” rating and issued a $110.00 price target on shares of NetApp in a research report on Friday, October 10th. Argus reissued a “buy” rating and issued a $130.00 price objective on shares of NetApp in a research note on Friday, August 29th. Finally, Northland Securities set a $137.00 price target on shares of NetApp and gave the company an “outperform” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, NetApp has a consensus rating of “Hold” and a consensus price target of $124.07.

NetApp Stock Down 2.0%

NTAP stock opened at $109.25 on Thursday. NetApp, Inc. has a one year low of $71.84 and a one year high of $131.30. The stock has a market capitalization of $21.81 billion, a P/E ratio of 19.30, a PEG ratio of 2.48 and a beta of 1.46. The company has a 50 day moving average price of $116.11 and a two-hundred day moving average price of $110.16. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.16. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS. As a group, sell-side analysts expect that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, January 2nd. NetApp’s payout ratio is presently 36.75%.

Insider Buying and Selling

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total transaction of $123,670.00. Following the completion of the sale, the executive vice president directly owned 23,628 shares in the company, valued at $2,922,074.76. This represents a 4.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total value of $1,075,462.50. Following the completion of the transaction, the chief executive officer owned 274,938 shares in the company, valued at $33,792,629.58. The trade was a 3.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,183 shares of company stock valued at $1,483,361. Insiders own 0.28% of the company’s stock.

NetApp Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.