NetApp, Inc. $NTAP Stock Position Increased by Seizert Capital Partners LLC

Seizert Capital Partners LLC raised its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 16.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 521,479 shares of the data storage provider’s stock after buying an additional 75,145 shares during the quarter. NetApp makes up about 2.4% of Seizert Capital Partners LLC’s holdings, making the stock its 9th largest holding. Seizert Capital Partners LLC’s holdings in NetApp were worth $55,564,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTAP. Patton Fund Management Inc. purchased a new position in shares of NetApp in the second quarter worth approximately $265,000. Aurora Investment Counsel purchased a new position in NetApp during the 2nd quarter valued at approximately $2,337,000. Citizens Financial Group Inc. RI increased its position in NetApp by 6.5% in the first quarter. Citizens Financial Group Inc. RI now owns 60,457 shares of the data storage provider’s stock worth $5,311,000 after purchasing an additional 3,704 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of NetApp by 17.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 814,697 shares of the data storage provider’s stock valued at $71,563,000 after buying an additional 122,784 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of NetApp by 119.3% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,869 shares of the data storage provider’s stock valued at $516,000 after purchasing an additional 3,193 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NetApp

In other NetApp news, CAO Lorenzo Daniel De sold 779 shares of NetApp stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were 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 of the company’s stock, valued at $2,922,074.76. The trade was a 4.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,529 shares of company stock valued at $1,413,069 in the last ninety days. Insiders own 0.28% of the company’s stock.

NetApp Stock Performance

NTAP opened at $106.40 on Wednesday. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55. The firm’s 50-day moving average price is $118.06 and its 200 day moving average price is $109.67. The firm has a market capitalization of $21.24 billion, a PE ratio of 18.80, a PEG ratio of 2.48 and a beta of 1.46. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). NetApp had a return on equity of 123.24% and a net margin of 17.77%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. As a group, sell-side analysts expect that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s dividend payout ratio is 36.75%.

Analyst Ratings Changes

Several brokerages recently commented on NTAP. UBS Group upped their price target on shares of NetApp from $108.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Barclays increased their target price on NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. William Blair reissued a “market perform” rating on shares of NetApp in a research report on Thursday, October 16th. Wedbush reissued a “neutral” rating and issued a $110.00 price target on shares of NetApp in a report on Friday, October 10th. Finally, Northland Securities upped their target price on NetApp from $119.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.07.

NetApp Company 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.