Arbejdsmarkedets Tillaegspension Purchases Shares of 198,286 NetApp, Inc. $NTAP

Arbejdsmarkedets Tillaegspension purchased a new position in NetApp, Inc. (NASDAQ:NTAP) in the 4th quarter, HoldingsChannel reports. The firm purchased 198,286 shares of the data storage provider’s stock, valued at approximately $21,234,000.

A number of other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in NetApp by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock worth $51,266,000 after acquiring an additional 20,089 shares in the last quarter. Citigroup Inc. raised its position in NetApp by 216.1% during the third quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock worth $109,875,000 after acquiring an additional 634,085 shares during the last quarter. National Pension Service raised its position in shares of NetApp by 26.0% in the third quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock valued at $18,868,000 after buying an additional 32,833 shares during the last quarter. J. Safra Sarasin Holding AG grew its holdings in 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 purchasing an additional 15,123 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its stake in NetApp by 515.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 115,757 shares of the data storage provider’s stock worth $13,713,000 after buying an additional 96,937 shares during the period. Institutional investors own 92.17% of the company’s stock.

NetApp Price Performance

Shares of NTAP stock opened at $119.93 on Friday. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.40 and a beta of 1.28. NetApp, Inc. has a 12 month low of $93.69 and a 12 month high of $126.66. The stock has a 50-day moving average price of $105.21 and a 200 day moving average price of $106.50. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP) last posted its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company earned $1.91 EPS. The company’s revenue for the quarter 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. Research analysts expect that NetApp, Inc. will post 6.48 EPS for the current year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. NetApp’s dividend payout ratio is currently 34.78%.

Insider Activity

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the sale, the executive vice president owned 18,382 shares in the company, valued at $2,164,112.86. This represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 3,000 shares of company stock worth $314,650. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

NTAP has been the topic of a number of recent research reports. Wall Street Zen cut shares of NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Citigroup lowered shares of NetApp from a “neutral” rating to a “mixed” rating in a research report on Thursday. Wedbush restated a “neutral” rating and set a $115.00 price objective on shares of NetApp in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered shares of NetApp from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $125.00 to $110.00 in a research note on Thursday, April 16th. Finally, Weiss Ratings lowered shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, NetApp has a consensus rating of “Hold” and a consensus target price of $122.64.

NetApp 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.