Schroder Investment Management Group Has $54.54 Million Holdings in NetApp, Inc. $NTAP

Schroder Investment Management Group lessened its position in NetApp, Inc. (NASDAQ:NTAP) by 8.8% in the 3rd quarter, Holdings Channel reports. The fund owned 460,391 shares of the data storage provider’s stock after selling 44,487 shares during the period. Schroder Investment Management Group’s holdings in NetApp were worth $54,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascent Group LLC grew its position in NetApp by 1.5% during the 3rd quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock worth $721,000 after purchasing an additional 90 shares in the last quarter. Caliber Wealth Management LLC KS boosted its position in shares of NetApp by 5.0% in the third quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock worth $249,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of NetApp by 19.2% in the second quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider’s stock worth $69,000 after buying an additional 104 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of NetApp by 2.0% during the third quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock valued at $655,000 after buying an additional 106 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of NetApp by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock valued at $537,000 after buying an additional 113 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $96.91 on Wednesday. The firm has a market cap of $19.12 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 3.12 and a beta of 1.39. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $126.66. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The business has a fifty day simple moving average of $101.74 and a 200 day simple moving average of $110.85.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. 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, sell-side analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. NetApp’s payout ratio is presently 34.78%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTAP. Northland Securities set a $137.00 price objective on NetApp and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group began coverage on NetApp in a research note on Tuesday, January 13th. They set a “buy” rating and a $128.00 target price on the stock. Wells Fargo & Company upped their target price on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. UBS Group increased their price target on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, Barclays raised their price target on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.42.

Insider Buying and Selling

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total value of $103,450.00. Following the transaction, the executive vice president owned 20,075 shares in the company, valued at approximately $2,076,758.75. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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.