Kepler Cheuvreux Suisse SA Takes $12.16 Million Position in NetApp, Inc. $NTAP

Kepler Cheuvreux Suisse SA bought a new position in shares of NetApp, Inc. (NASDAQ:NTAP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 102,661 shares of the data storage provider’s stock, valued at approximately $12,161,000. Kepler Cheuvreux Suisse SA owned about 0.05% of NetApp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new stake in NetApp during the third quarter worth approximately $27,000. Rossby Financial LCC grew its position in shares of NetApp by 105.5% in the third 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. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NetApp in the second quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new position in shares of NetApp during the second quarter worth approximately $56,000. Finally, Richardson Financial Services Inc. increased its stake in shares of NetApp by 49.4% during the third quarter. Richardson Financial Services Inc. now owns 484 shares of the data storage provider’s stock worth $57,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the transaction, the executive vice president directly owned 20,075 shares of the company’s stock, valued at $2,076,758.75. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

NetApp Price Performance

NetApp stock opened at $96.91 on Wednesday. The firm has a market cap of $19.12 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 3.12 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The stock’s fifty day moving average price is $101.74 and its two-hundred day moving average price is $110.85. NetApp, Inc. has a one year low of $71.84 and a one year high of $126.66.

NetApp (NASDAQ:NTAP) last released its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the company posted $1.91 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, research analysts expect that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, April 2nd. NetApp’s dividend payout ratio is presently 34.78%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Northland Securities set a $137.00 target price on NetApp and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Bank of America boosted their target price on shares of NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Finally, Wells Fargo & Company raised their price target on shares of NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, NetApp presently has an average rating of “Moderate Buy” and a consensus target price 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.