Oddo BHF Asset Management Sas Has $5.81 Million Holdings in NetApp, Inc. $NTAP

Oddo BHF Asset Management Sas lifted its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,283 shares of the data storage provider’s stock after purchasing an additional 12,147 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in NetApp were worth $5,813,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NTAP. Abich Financial Wealth Management LLC acquired a new stake in shares of NetApp during the 3rd quarter worth approximately $27,000. Rossby Financial LCC grew its holdings in shares of NetApp by 105.5% during the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 115 shares in the last quarter. Park Square Financial Group LLC grew its holdings in shares of 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 purchasing an additional 103 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of NetApp during the 4th quarter worth approximately $30,000. Finally, JFS Wealth Advisors LLC grew its holdings in shares of NetApp by 176.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider’s stock worth $34,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings raised NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Morgan Stanley boosted their price target on NetApp from $88.00 to $137.00 and gave the company an “underweight” rating in a research note on Friday, May 29th. Wedbush boosted their price target on NetApp from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Barclays boosted their price target on NetApp from $120.00 to $199.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Susquehanna boosted their price target on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NetApp currently has an average rating of “Hold” and a consensus target price of $169.33.

Insiders Place Their Bets

In other news, CAO Lorenzo Daniel De sold 275 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $120.00, for a total transaction of $33,000.00. Following the completion of the sale, the chief accounting officer owned 1,090 shares in the company, valued at $130,800. The trade was a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $117.73, for a total value of $117,730.00. Following the sale, the executive vice president owned 18,382 shares of the company’s stock, valued at approximately $2,164,112.86. The trade was a 5.16% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,500 shares of company stock worth $448,955. Insiders own 0.28% of the company’s stock.

NetApp Price Performance

Shares of NTAP stock opened at $161.82 on Tuesday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39. The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 2.95 and a beta of 1.44. The stock’s fifty day simple moving average is $127.09 and its 200 day simple moving average is $112.64. NetApp, Inc. has a one year low of $93.69 and a one year high of $192.83.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. On average, analysts expect that NetApp, Inc. will post 7.16 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. NetApp’s payout ratio is currently 32.70%.

About NetApp

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.