4,395 Shares in NetApp, Inc. $NTAP Bought by 111 Capital

111 Capital bought a new position in NetApp, Inc. (NASDAQ:NTAP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,395 shares of the data storage provider’s stock, valued at approximately $471,000.

A number of other large investors have also recently added to or reduced their stakes in NTAP. Pinebridge Investments LLC acquired a new position in NetApp during the 4th quarter worth approximately $2,456,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new stake in shares of NetApp in the fourth quarter worth $8,879,000. Parallel Advisors LLC boosted its holdings in NetApp by 2.1% during the fourth quarter. Parallel Advisors LLC now owns 5,007 shares of the data storage provider’s stock worth $536,000 after purchasing an additional 101 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in NetApp by 12.9% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 112,341 shares of the data storage provider’s stock worth $12,029,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Lido Advisors LLC grew its position in NetApp by 1.7% in the fourth quarter. Lido Advisors LLC now owns 9,684 shares of the data storage provider’s stock valued at $1,140,000 after purchasing an additional 158 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on NTAP. JPMorgan Chase & Co. boosted their price target on shares of NetApp from $110.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Susquehanna lifted their target price on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings lowered NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. The Goldman Sachs Group reissued a “buy” rating and set a $200.00 price target on shares of NetApp in a research report on Tuesday. Finally, Wall Street Zen downgraded NetApp from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $169.33.

NetApp Trading Down 6.6%

Shares of NASDAQ:NTAP opened at $167.04 on Friday. NetApp, Inc. has a 52-week low of $93.69 and a 52-week high of $192.83. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. The company has a market capitalization of $32.96 billion, a P/E ratio of 26.26, a price-to-earnings-growth ratio of 3.06 and a beta of 1.45. The company has a 50-day simple moving average of $119.80 and a 200 day simple moving average of $110.25.

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

NetApp Announces Dividend

The firm also recently declared 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. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, July 10th. NetApp’s dividend payout ratio is 32.70%.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $117.73, for a total value of $117,730.00. Following the transaction, the executive vice president directly owned 18,382 shares in the company, valued at $2,164,112.86. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Lorenzo Daniel De sold 225 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at $186,488.10. The trade was a 17.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,500 shares of company stock valued at $386,145 in the last ninety days. Insiders own 0.28% of the company’s stock.

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.