Mediolanum International Funds Ltd Boosts Stock Position in NetApp, Inc. $NTAP

Mediolanum International Funds Ltd increased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,914 shares of the data storage provider’s stock after acquiring an additional 9,203 shares during the period. Mediolanum International Funds Ltd owned about 0.09% of NetApp worth $21,451,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NTAP. Norges Bank purchased a new stake in NetApp during the 2nd quarter worth approximately $281,093,000. Boston Partners raised its stake in shares of 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 acquiring an additional 1,536,339 shares in the last quarter. Geode Capital Management LLC raised its position in NetApp by 16.8% in the 2nd quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock valued at $756,665,000 after purchasing an additional 1,024,626 shares in the last quarter. Pacer Advisors Inc. raised its holdings in NetApp by 103.6% in the third quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock valued at $211,226,000 after acquiring an additional 907,233 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in NetApp by 83.0% during the 2nd quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider’s stock worth $164,568,000 after acquiring an additional 700,467 shares in the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s 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 owned 21,075 shares of the company’s stock, valued at $2,223,201.75. This trade represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,654 shares of company stock worth $175,782. 0.28% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NTAP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. Wells Fargo & Company raised their price target on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. Citigroup lowered their price objective on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Oppenheimer reissued a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Finally, William Blair restated a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

NetApp Stock Down 2.0%

NetApp stock opened at $96.35 on Friday. The company has a market capitalization of $19.08 billion, a P/E ratio of 16.76, a PEG ratio of 2.17 and a beta of 1.38. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34. NetApp, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $127.78. The stock has a 50-day simple moving average of $108.23 and a 200-day simple moving average of $111.86.

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. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 earnings per share. 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 expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, January 2nd. NetApp’s dividend payout ratio (DPR) is presently 36.17%.

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.