Gotham Asset Management LLC Has $23.27 Million Stock Position in NetApp, Inc. (NASDAQ:NTAP)

Gotham Asset Management LLC lifted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 21.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,421 shares of the data storage provider’s stock after acquiring an additional 34,927 shares during the period. Gotham Asset Management LLC owned approximately 0.10% of NetApp worth $23,265,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NetApp during the 4th quarter worth approximately $26,000. Assetmark Inc. boosted its stake in shares of NetApp by 826.9% in the fourth quarter. Assetmark Inc. now owns 241 shares of the data storage provider’s stock valued at $28,000 after buying an additional 215 shares during the period. Synergy Investment Management LLC acquired a new stake in NetApp during the fourth quarter worth approximately $32,000. Itau Unibanco Holding S.A. increased its stake in NetApp by 929.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider’s stock worth $32,000 after acquiring an additional 251 shares during the period. Finally, Golden State Wealth Management LLC acquired a new position in NetApp in the 4th quarter valued at $35,000. 92.17% of the stock is owned by institutional investors.

NetApp Stock Down 1.1 %

NASDAQ:NTAP opened at $93.44 on Friday. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The company has a market cap of $19.01 billion, a PE ratio of 17.18, a P/E/G ratio of 2.45 and a beta of 1.40. The firm’s 50 day simple moving average is $88.11 and its 200 day simple moving average is $109.16.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were paid a $0.52 dividend. The ex-dividend date was Friday, April 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.23%. NetApp’s dividend payout ratio is 38.52%.

Insider Activity at NetApp

In other NetApp news, President Cesar Cernuda sold 19,696 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $90.15, for a total value of $1,775,594.40. Following the sale, the president now owns 11,928 shares in the company, valued at approximately $1,075,309.20. The trade was a 62.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Elizabeth M. O’callahan sold 452 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $120.75, for a total value of $54,579.00. Following the transaction, the executive vice president now owns 11,553 shares of the company’s stock, valued at $1,395,024.75. This trade represents a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,676 shares of company stock worth $3,586,451 over the last three months. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTAP shares. Wells Fargo & Company reduced their target price on NetApp from $130.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Citigroup reduced their price objective on shares of NetApp from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their target price on shares of NetApp from $153.00 to $113.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. StockNews.com lowered shares of NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Keefe, Bruyette & Woods upgraded shares of NetApp to an “outperform” rating in a research report on Wednesday, February 19th. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NetApp presently has an average rating of “Hold” and an average target price of $123.07.

About NetApp

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.