Cwm LLC Buys 23,012 Shares of NetApp, Inc. $NTAP

Cwm LLC raised its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 85.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 49,989 shares of the data storage provider’s stock after purchasing an additional 23,012 shares during the period. Cwm LLC’s holdings in NetApp were worth $5,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. grew its stake in shares of NetApp by 103.6% during the 3rd quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock valued at $211,226,000 after acquiring an additional 907,233 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of NetApp by 2.6% in the third quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock worth $537,000 after purchasing an additional 113 shares during the period. Norden Group LLC purchased a new stake in shares of NetApp in the third quarter worth $204,000. Global X Japan Co. Ltd. raised its position in shares of NetApp by 5,470.4% during the 3rd quarter. Global X Japan Co. Ltd. now owns 1,504 shares of the data storage provider’s stock valued at $178,000 after purchasing an additional 1,477 shares during the period. Finally, Optas LLC purchased a new position in shares of NetApp during the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp Stock Down 0.9%

Shares of NTAP opened at $108.42 on Wednesday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The stock has a market capitalization of $21.47 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 2.42 and a beta of 1.42. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $127.78. The business’s 50 day simple moving average is $112.67 and its 200-day simple moving average is $112.29.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.17. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.69 billion. NetApp had a net margin of 17.73% and a return on equity of 121.28%. NetApp’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.87 earnings per share. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. As a group, equities analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be given a $0.52 dividend. The ex-dividend date is Friday, January 2nd. This represents a $2.08 annualized dividend and a yield of 1.9%. NetApp’s dividend payout ratio (DPR) is currently 36.17%.

Wall Street Analysts Forecast Growth

NTAP has been the subject of a number of analyst reports. William Blair reiterated a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. Citigroup decreased their target price on NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. UBS Group upped their price target on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Finally, Bank of America lifted their price objective on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

Insider Activity at NetApp

In other NetApp news, CAO Lorenzo Daniel De sold 327 shares of NetApp stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $107.48, for a total transaction of $35,145.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $119.00, for a total transaction of $119,000.00. Following the sale, the executive vice president owned 22,628 shares of the company’s stock, valued at approximately $2,692,732. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,654 shares of company stock worth $189,292 over the last three months. 0.28% of the stock is currently owned by insiders.

NetApp Company Profile

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.