Achmea Investment Management B.V. Has $13.56 Million Position in NetApp, Inc. $NTAP

Achmea Investment Management B.V. raised its position in NetApp, Inc. (NASDAQ:NTAP) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,483 shares of the data storage provider’s stock after purchasing an additional 9,621 shares during the period. Achmea Investment Management B.V.’s holdings in NetApp were worth $13,562,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NTAP. Ascent Group LLC increased its position in shares of NetApp by 1.5% in the 3rd quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock valued at $721,000 after buying an additional 90 shares in the last quarter. Caliber Wealth Management LLC KS increased its holdings 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 acquiring an additional 100 shares in the last quarter. Frank Rimerman Advisors LLC raised its position 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 worth $655,000 after purchasing an additional 106 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of NetApp by 2.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock valued at $537,000 after purchasing an additional 113 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of NetApp by 0.7% during the 3rd quarter. US Bancorp DE now owns 15,398 shares of the data storage provider’s stock valued at $1,824,000 after purchasing an additional 114 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the completion of the transaction, the executive vice president directly owned 20,382 shares in the company, valued at $2,051,855.94. This trade represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,000 shares of company stock valued at $309,610 in the last ninety days. 0.28% of the stock is owned by company insiders.

NetApp Stock Down 1.1%

NetApp stock opened at $100.77 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $126.66. The company has a fifty day simple moving average of $100.97 and a 200 day simple moving average of $110.33. The company has a market cap of $19.88 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 3.16 and a beta of 1.39.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Research analysts anticipate 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, April 22nd. Investors of record on Friday, April 3rd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 annualized dividend and a yield of 2.1%. NetApp’s dividend payout ratio is 34.78%.

Analysts Set New Price Targets

A number of analysts recently issued reports on NTAP shares. UBS Group increased their target price on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Barclays increased their price objective on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group initiated coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $122.42.

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.