Sarasin & Partners LLP Invests $24.25 Million in NetApp, Inc. $NTAP

Sarasin & Partners LLP bought a new stake in NetApp, Inc. (NASDAQ:NTAP) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 226,486 shares of the data storage provider’s stock, valued at approximately $24,254,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its position in NetApp by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock worth $51,266,000 after purchasing an additional 20,089 shares in the last quarter. Citigroup Inc. lifted its position in shares of NetApp by 216.1% during the 3rd quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock worth $109,875,000 after buying an additional 634,085 shares in the last quarter. National Pension Service boosted its stake in shares of NetApp by 26.0% in the 3rd quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock worth $18,868,000 after buying an additional 32,833 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of NetApp by 3.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider’s stock worth $192,938,000 after buying an additional 66,045 shares during the last quarter. Finally, J. Safra Sarasin Holding AG grew its holdings in shares of NetApp by 496.7% in the third quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider’s stock valued at $2,152,000 after acquiring an additional 15,123 shares in the last quarter. 92.17% of the stock is owned by institutional investors.

NetApp Trading Down 1.9%

NASDAQ:NTAP opened at $101.11 on Friday. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The firm’s 50 day moving average is $100.83 and its 200 day moving average is $110.16. The stock has a market capitalization of $19.95 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 3.13 and a beta of 1.39.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the company earned $1.91 earnings per share. NetApp’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. Sell-side analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on NTAP. Barclays increased their price target on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Weiss Ratings downgraded NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. The Goldman Sachs Group assumed coverage on NetApp in a research note on Tuesday, January 13th. They set a “buy” rating and a $128.00 target price on the stock. Finally, UBS Group boosted their price target on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $122.42.

Insiders Place Their Bets

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the completion of the sale, the executive vice president owned 20,382 shares of the company’s stock, valued at approximately $2,051,855.94. This trade represents a 4.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $309,610. Company 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.