NetApp, Inc. (NTAP) Shares Bought by Gotham Asset Management LLC
Gotham Asset Management LLC increased its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 146.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 928,902 shares of the data storage provider’s stock after purchasing an additional 551,829 shares during the quarter. Gotham Asset Management LLC owned about 0.34% of NetApp worth $37,203,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its stake in shares of NetApp by 6,495.7% during the second quarter. Janus Henderson Group PLC now owns 2,312,525 shares of the data storage provider’s stock valued at $92,617,000 after purchasing an additional 2,277,464 shares during the last quarter. Shelton Capital Management grew its stake in shares of NetApp by 38.3% during the second quarter. Shelton Capital Management now owns 132,586 shares of the data storage provider’s stock valued at $5,310,000 after purchasing an additional 36,700 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of NetApp by 24.0% during the second quarter. Macquarie Group Ltd. now owns 6,200 shares of the data storage provider’s stock valued at $248,000 after purchasing an additional 1,200 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of NetApp by 41.3% during the second quarter. Flinton Capital Management LLC now owns 306,960 shares of the data storage provider’s stock valued at $12,294,000 after purchasing an additional 89,792 shares during the last quarter. Finally, Tudor Investment Corp ET AL grew its stake in shares of NetApp by 66.0% during the second quarter. Tudor Investment Corp ET AL now owns 20,235 shares of the data storage provider’s stock valued at $810,000 after purchasing an additional 8,046 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of NetApp, Inc. (NASDAQ:NTAP) traded up 0.18% on Thursday, hitting $44.34. 1,261,734 shares of the stock were exchanged. The stock has a market cap of $11.96 billion, a price-to-earnings ratio of 21.41 and a beta of 1.26. The stock’s 50-day moving average is $40.63 and its 200-day moving average is $40.70. NetApp, Inc. has a 1-year low of $30.36 and a 1-year high of $45.24.
NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, August 16th. The data storage provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.46 earnings per share. Analysts forecast that NetApp, Inc. will post $3.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.80%. NetApp’s dividend payout ratio is currently 38.65%.
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In other news, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $43.41, for a total value of $85,778.16. Following the completion of the sale, the executive vice president now owns 19,788 shares in the company, valued at $858,997.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Henri P. Richard sold 3,952 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $42.20, for a total transaction of $166,774.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,450 shares of company stock valued at $2,250,560. 0.47% of the stock is currently owned by corporate insiders.
Several research firms have recently commented on NTAP. Zacks Investment Research cut shares of NetApp from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of NetApp in a research note on Wednesday. Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of NetApp in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $51.00 price objective on shares of NetApp in a research note on Monday. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $62.00 price objective on shares of NetApp in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have issued a buy rating to the company. NetApp currently has a consensus rating of “Hold” and an average target price of $45.12.
NetApp Company 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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