AXQ Capital LP Takes $624,000 Position in NetApp, Inc. $NTAP

AXQ Capital LP purchased a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 5,825 shares of the data storage provider’s stock, valued at approximately $624,000.

Other large investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in shares of NetApp in the 3rd quarter worth $27,000. Rossby Financial LCC lifted its stake in shares of NetApp by 105.5% in the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 115 shares during the last quarter. Park Square Financial Group LLC boosted its holdings in shares of NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares during the period. JFS Wealth Advisors LLC increased its position in shares of NetApp by 176.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider’s stock valued at $34,000 after purchasing an additional 201 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of NetApp during the 4th quarter valued at approximately $34,000. Institutional investors own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NTAP shares. Weiss Ratings downgraded NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. JPMorgan Chase & Co. increased their target price on shares of NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 target price on shares of NetApp in a report on Tuesday. Northland Securities lifted their price target on shares of NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Citigroup upped their price target on shares of NetApp from $114.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $169.33.

Insider Buying and Selling at NetApp

In other news, CAO Lorenzo Daniel De sold 275 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $120.00, for a total transaction of $33,000.00. Following the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $130,800. This represents a 20.15% decrease in their position. The transaction 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 dated Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the completion of the sale, the executive vice president directly owned 18,382 shares of the company’s stock, valued at approximately $2,164,112.86. This trade represents a 5.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,500 shares of company stock worth $386,145 over the last 90 days. 0.28% of the stock is currently owned by company insiders.

NetApp Trading Up 3.1%

NTAP stock opened at $181.08 on Thursday. NetApp, Inc. has a 12 month low of $93.69 and a 12 month high of $192.83. The firm’s 50-day moving average is $117.08 and its 200 day moving average is $109.36. The company has a market capitalization of $35.73 billion, a PE ratio of 28.47, a P/E/G ratio of 3.22 and a beta of 1.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.44 and a quick ratio of 1.39.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.NetApp’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.93 earnings per share. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. On average, research analysts anticipate that NetApp, Inc. will post 7.14 EPS for the current year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Friday, July 10th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.08 annualized dividend and a yield of 1.1%. NetApp’s dividend payout ratio is 32.70%.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp’s Q4 results and conference-call takeaways pointed to strong AI demand, with management citing 500 AI wins and forecasting faster fiscal 2027 growth as cloud, all-flash storage, and AI adoption continue to build. Article Title
• Positive Sentiment: A Yahoo Finance article highlighted that NTAP jumped after raising its AI-led fiscal 2027 margin and EPS outlook, reinforcing the view that profitability could improve alongside growth. Article Title
• Positive Sentiment: NetApp announced new collaborations with Cisco on secure, scalable AI infrastructure and cyber-resilience solutions, which may help expand enterprise demand and strengthen the company’s AI positioning. Article Title
• Neutral Sentiment: Several market articles noted that NTAP is attracting attention as a trending stock and is being compared with peers such as Teradata and Hewlett Packard Enterprise, which can support trading interest but does not by itself change fundamentals. Article Title
• Neutral Sentiment: A market-watch report said NetApp underperformed some peers on Tuesday, suggesting short-term rotation rather than a change in the company’s outlook. Article Title
• Negative Sentiment: NetApp CAO Lorenzo Daniel De sold 225 shares, a small insider sale that may create some cautious sentiment even though the transaction is relatively minor. Article Title

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.