Cwm LLC Purchases 17,014 Shares of NetApp, Inc. $NTAP

Cwm LLC increased its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 170.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,977 shares of the data storage provider’s stock after buying an additional 17,014 shares during the quarter. Cwm LLC’s holdings in NetApp were worth $2,874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NTAP. Manchester Capital Management LLC raised its position in shares of NetApp by 375.0% during the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock worth $25,000 after acquiring an additional 225 shares during the last quarter. 1248 Management LLC acquired a new position in NetApp in the first quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in NetApp in the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NetApp by 54.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of NetApp in the first quarter valued at about $36,000. Institutional investors own 92.17% of the company’s stock.

Insider Activity

In other NetApp news, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the completion of the transaction, the chief executive officer owned 274,938 shares in the company, valued at approximately $33,792,629.58. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lorenzo Daniel De sold 779 shares of NetApp stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. The disclosure for this sale can be found here. Insiders sold a total of 29,529 shares of company stock worth $3,362,874 in the last three months. Company insiders own 0.28% of the company’s stock.

NetApp Stock Down 0.3%

Shares of NTAP opened at $119.07 on Friday. The stock’s 50-day moving average price is $117.42 and its two-hundred day moving average price is $104.59. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $135.45. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $23.77 billion, a PE ratio of 21.04, a PEG ratio of 2.59 and a beta of 1.45.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.35). NetApp had a return on equity of 123.24% and a net margin of 17.77%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $1.56 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. On average, analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a $0.52 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. NetApp’s dividend payout ratio (DPR) is currently 36.75%.

Analysts Set New Price Targets

NTAP has been the topic of several analyst reports. Morgan Stanley set a $117.00 target price on NetApp in a report on Thursday, August 28th. Northland Securities increased their price target on NetApp from $119.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Barclays increased their price target on NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. UBS Group boosted their price target on NetApp from $108.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Citigroup boosted their price target on NetApp from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.40.

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.