BI Asset Management Fondsmaeglerselskab A S Raises Holdings in NetApp, Inc. $NTAP

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 19.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,883 shares of the data storage provider’s stock after buying an additional 48,407 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in NetApp were worth $35,406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NTAP. Ascent Group LLC increased its stake in NetApp by 1.5% during the third quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock worth $721,000 after acquiring an additional 90 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of NetApp by 19.2% during the second quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider’s stock worth $69,000 after acquiring an additional 104 shares during the period. Frank Rimerman Advisors LLC raised its position in NetApp by 2.0% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock valued at $655,000 after purchasing an additional 106 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in NetApp by 2.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock worth $537,000 after acquiring an additional 113 shares in the last quarter. Finally, Main Management ETF Advisors LLC lifted its holdings in NetApp by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 7,330 shares of the data storage provider’s stock worth $781,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp Stock Up 5.3%

Shares of NetApp stock opened at $100.53 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $127.78. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 2.11 and a beta of 1.38. The company has a fifty day moving average price of $107.51 and a 200 day moving average price of $111.68.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the company posted $1.87 EPS. NetApp’s revenue for the quarter was up 2.8% on a year-over-year basis. 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 forecast that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Friday, January 2nd were issued a $0.52 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp’s dividend payout ratio is currently 36.17%.

Insiders Place Their Bets

In related news, CAO Lorenzo Daniel De sold 327 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $105.49, for a total transaction of $105,490.00. Following the transaction, the executive vice president directly owned 21,075 shares in the company, valued at $2,223,201.75. The trade was a 4.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,654 shares of company stock valued at $175,782. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

NTAP has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a report on Thursday, January 22nd. Northland Securities set a $137.00 price objective on NetApp and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Bank of America raised their price target on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Finally, UBS Group upped their price objective on shares of NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, NetApp currently has an average rating of “Moderate Buy” and a consensus price target of $124.33.

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.