GHP Investment Advisors Inc. grew its position in shares of NetApp Inc. (NASDAQ:NTAP) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,715 shares of the data storage provider’s stock after buying an additional 4,336 shares during the quarter. GHP Investment Advisors Inc.’s holdings in NetApp were worth $2,806,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of NTAP. Investec Asset Management LTD bought a new stake in shares of NetApp in the 4th quarter worth approximately $290,829,000. Boston Partners raised its holdings in shares of NetApp by 68.1% in the 4th quarter. Boston Partners now owns 12,127,140 shares of the data storage provider’s stock worth $670,873,000 after purchasing an additional 4,914,409 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of NetApp by 25.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,061,906 shares of the data storage provider’s stock worth $177,748,000 after purchasing an additional 817,147 shares during the period. Shellback Capital LP bought a new stake in shares of NetApp in the 4th quarter worth approximately $36,817,000. Finally, Oakview Capital Management L.P. bought a new stake in shares of NetApp in the 3rd quarter worth approximately $24,533,000. 94.99% of the stock is currently owned by institutional investors.
In related news, VP Joel D. Reich sold 11,641 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $60.02, for a total value of $698,692.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurian sold 7,020 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $60.98, for a total transaction of $428,079.60. The disclosure for this sale can be found here. Insiders have sold a total of 63,027 shares of company stock valued at $3,653,425 over the last 90 days. Company insiders own 0.47% of the company’s stock.
NetApp Inc. (NASDAQ:NTAP) opened at $64.83 on Wednesday. The company has a market cap of $17,289.05, a price-to-earnings ratio of 23.13, a PEG ratio of 2.05 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.71. NetApp Inc. has a 1 year low of $37.43 and a 1 year high of $65.52.
NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, February 14th. The data storage provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. NetApp had a negative net margin of 0.09% and a positive return on equity of 29.38%. During the same period in the previous year, the business earned $0.82 EPS. sell-side analysts anticipate that NetApp Inc. will post 2.91 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Friday, April 6th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, April 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.23%. NetApp’s dividend payout ratio (DPR) is currently -1,000.00%.
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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