NetApp, Inc. $NTAP Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lowered its position in NetApp, Inc. (NASDAQ:NTAP) by 97.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 351 shares of the data storage provider’s stock after selling 13,109 shares during the quarter. Generali Asset Management SPA SGR’s holdings in NetApp were worth $42,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NTAP. Vanguard Group Inc. grew its stake in shares of NetApp by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider’s stock valued at $2,954,431,000 after buying an additional 686,188 shares during the period. Geode Capital Management LLC grew its position in NetApp by 16.8% in the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after acquiring an additional 1,024,626 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in NetApp by 18.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,546,548 shares of the data storage provider’s stock worth $311,529,000 after acquiring an additional 560,218 shares during the last quarter. Boston Partners raised its position in NetApp by 108.9% in the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock valued at $313,997,000 after purchasing an additional 1,536,339 shares during the period. Finally, Norges Bank purchased a new stake in NetApp in the second quarter valued at $281,093,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Lorenzo Daniel De sold 327 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was 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 in the company, valued at $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. In the last 90 days, insiders have sold 1,654 shares of company stock worth $189,292. 0.28% of the stock is owned by company insiders.

NetApp Trading Down 1.3%

NASDAQ NTAP opened at $105.08 on Tuesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.35 and a beta of 1.38. The firm has a 50 day simple moving average of $111.81 and a 200-day simple moving average of $112.39. NetApp, Inc. has a one year low of $71.84 and a one year high of $127.78.

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

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.08 annualized dividend and a yield of 2.0%. NetApp’s dividend payout ratio is 36.17%.

Wall Street Analyst Weigh In

NTAP has been the subject of a number of recent analyst reports. Wedbush reissued a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research report on Friday, October 10th. Citigroup dropped their price target on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Wells Fargo & Company boosted their price target on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. Northland Securities set a $137.00 price objective on shares of NetApp and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, William Blair reiterated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

NetApp 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.