Brooklyn Investment Group Has $79,000 Position in NetApp, Inc. $NTAP

Brooklyn Investment Group boosted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 25.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 902 shares of the data storage provider’s stock after purchasing an additional 184 shares during the quarter. Brooklyn Investment Group’s holdings in NetApp were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of NTAP. Coppell Advisory Solutions LLC lifted its stake in NetApp by 50.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 300 shares of the data storage provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Utah Retirement Systems lifted its stake in NetApp by 0.3% during the 4th quarter. Utah Retirement Systems now owns 34,152 shares of the data storage provider’s stock valued at $3,964,000 after acquiring an additional 100 shares in the last quarter. Horizon Investments LLC lifted its stake in NetApp by 3.8% during the 1st quarter. Horizon Investments LLC now owns 2,919 shares of the data storage provider’s stock valued at $255,000 after acquiring an additional 107 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in NetApp by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,197 shares of the data storage provider’s stock valued at $371,000 after acquiring an additional 117 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in NetApp by 54.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 124 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Trading Up 2.5%

Shares of NetApp stock opened at $110.52 on Friday. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $135.45. The stock’s 50-day simple moving average is $105.83 and its 200 day simple moving average is $100.54. The stock has a market capitalization of $22.14 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.48 and a beta of 1.44. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.22 and a current ratio of 1.25.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Thursday, May 29th. The data storage provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.03. NetApp had a return on equity of 126.96% and a net margin of 18.05%.The business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the business posted $1.80 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. As a group, research analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. NetApp’s payout ratio is currently 36.62%.

Analyst Upgrades and Downgrades

NTAP has been the topic of several recent analyst reports. Evercore ISI dropped their price objective on NetApp from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Monday, April 28th. Wedbush restated a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research note on Friday, May 30th. Morgan Stanley initiated coverage on NetApp in a research note on Thursday. They set an “equal weight” rating and a $115.00 target price on the stock. Wells Fargo & Company lowered their target price on NetApp from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, May 30th. Finally, Barclays lifted their target price on NetApp from $115.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $119.86.

Insider Activity at NetApp

In related news, CEO George Kurian sold 8,500 shares of the business’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $108.85, for a total value of $925,225.00. Following the sale, the chief executive officer directly owned 283,688 shares in the company, valued at approximately $30,879,438.80. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lorenzo Daniel De sold 302 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $98.77, for a total value of $29,828.54. Following the completion of the sale, the chief accounting officer owned 455 shares in the company, valued at $44,940.35. This represents a 39.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,802 shares of company stock worth $2,951,604. Company insiders own 0.28% of the company’s stock.

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.