Vest Financial LLC Has $2.72 Million Holdings in NetApp, Inc. $NTAP

Vest Financial LLC boosted its position in NetApp, Inc. (NASDAQ:NTAP) by 41.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,523 shares of the data storage provider’s stock after buying an additional 7,509 shares during the period. Vest Financial LLC’s holdings in NetApp were worth $2,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC lifted its holdings in NetApp by 375.0% in the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock valued at $25,000 after buying an additional 225 shares during the period. 1248 Management LLC acquired a new position in NetApp in the first quarter valued at $25,000. Olde Wealth Management LLC acquired a new position in NetApp in the first quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in NetApp by 54.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after buying an additional 124 shares during the period. Finally, Summit Securities Group LLC acquired a new position in NetApp in the first quarter valued at $36,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Transactions at NetApp

In other NetApp news, CEO George Kurian sold 8,750 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total value of $1,075,462.50. Following the completion of the sale, the chief executive officer directly owned 274,938 shares of the company’s stock, valued at approximately $33,792,629.58. This represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lorenzo Daniel De sold 779 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $121.87, for a total transaction of $94,936.73. The disclosure for this sale can be found here. Insiders sold a total of 29,529 shares of company stock valued at $3,362,874 over the last three months. Corporate insiders own 0.28% of the company’s stock.

NetApp Trading Up 1.4%

NASDAQ:NTAP opened at $120.55 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.31 and a quick ratio of 1.28. The firm has a 50-day moving average of $116.49 and a 200-day moving average of $104.04. The company has a market cap of $24.06 billion, a PE ratio of 21.30, a PEG ratio of 2.58 and a beta of 1.45. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45.

NetApp (NASDAQ:NTAP) last posted its earnings results on Wednesday, August 27th. The data storage provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.35). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.56 earnings per share. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. As a group, equities research analysts expect that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. NetApp’s payout ratio is presently 36.75%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NTAP shares. Bank of America boosted their target price on shares of NetApp from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Morgan Stanley set a $117.00 price objective on shares of NetApp in a report on Thursday, August 28th. Northland Securities upped their price objective on shares of NetApp from $119.00 to $120.00 and gave the company a “market perform” rating in a report on Thursday, August 28th. Wedbush reiterated a “neutral” rating and set a $110.00 price objective on shares of NetApp in a report on Friday, October 10th. Finally, Argus reiterated a “buy” rating and set a $130.00 price objective on shares of NetApp in a report on Friday, August 29th. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, NetApp currently has an average rating of “Hold” and an average target price of $121.40.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.