NetApp, Inc. $NTAP Shares Acquired by Tredje AP fonden

Tredje AP fonden grew its position in NetApp, Inc. (NASDAQ:NTAP) by 52.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 22,945 shares of the data storage provider’s stock after acquiring an additional 7,865 shares during the period. Tredje AP fonden’s holdings in NetApp were worth $2,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Caliber Wealth Management LLC KS raised its stake in NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock worth $249,000 after acquiring an additional 100 shares in the last quarter. Park Square Financial Group LLC raised its stake in NetApp by 68.7% during the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 103 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in NetApp by 2.0% during the 3rd 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 in the last quarter. Transcend Capital Advisors LLC raised its stake in NetApp by 5.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,953 shares of the data storage provider’s stock worth $209,000 after acquiring an additional 107 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in NetApp by 0.9% during the 4th quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider’s stock worth $1,345,000 after acquiring an additional 108 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NTAP. Bank of America lifted their price target on shares of NetApp from $118.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered shares of NetApp from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $125.00 to $110.00 in a research note on Thursday, April 16th. Wall Street Zen lowered shares of NetApp from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of NetApp in a research note on Wednesday, February 25th. Finally, Weiss Ratings lowered shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $122.27.

Insider Transactions at NetApp

In related news, CAO Lorenzo Daniel De sold 275 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $120.00, for a total transaction of $33,000.00. Following the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $130,800. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the sale, the executive vice president directly owned 18,382 shares in the company, valued at approximately $2,164,112.86. This represents a 5.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 3,275 shares of company stock worth $347,650. 0.28% of the stock is owned by insiders.

NetApp Stock Down 1.3%

Shares of NASDAQ:NTAP opened at $118.97 on Thursday. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.39 and a beta of 1.28. The firm’s 50-day simple moving average is $106.34 and its 200-day simple moving average is $106.52. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $126.66.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 earnings per share. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, equities research analysts predict that NetApp, Inc. will post 6.48 earnings per share for the current year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.7%. NetApp’s payout ratio is currently 34.78%.

NetApp Company 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.