Rothschild Investment LLC Raises Position in NetApp, Inc. $NTAP

Rothschild Investment LLC grew its stake in NetApp, Inc. (NASDAQ:NTAP) by 38.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,230 shares of the data storage provider’s stock after purchasing an additional 1,439 shares during the quarter. Rothschild Investment LLC’s holdings in NetApp were worth $557,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Patton Fund Management Inc. bought a new position in shares of NetApp during the second quarter valued at about $265,000. Aurora Investment Counsel bought a new stake in NetApp in the 2nd quarter worth about $2,337,000. Citizens Financial Group Inc. RI increased its stake in NetApp by 6.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 60,457 shares of the data storage provider’s stock valued at $5,311,000 after buying an additional 3,704 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its stake in NetApp by 119.3% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,869 shares of the data storage provider’s stock valued at $516,000 after buying an additional 3,193 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of NetApp by 17.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 814,697 shares of the data storage provider’s stock worth $71,563,000 after buying an additional 122,784 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

NetApp Stock Down 0.4%

Shares of NASDAQ NTAP opened at $106.40 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.31 and a quick ratio of 1.28. The stock has a market capitalization of $21.24 billion, a PE ratio of 18.80, a P/E/G ratio of 2.48 and a beta of 1.46. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The business’s fifty day moving average price is $118.06 and its 200-day moving average price is $109.67.

NetApp (NASDAQ:NTAP) last announced 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 firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the business posted $1.56 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. On average, equities research analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. NetApp’s payout ratio is 36.75%.

Insider Activity at NetApp

In related news, CAO Lorenzo Daniel De sold 779 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 of the company’s stock, valued at $33,792,629.58. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,529 shares of company stock worth $1,413,069. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NTAP has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $110.00 target price on shares of NetApp in a report on Friday, October 10th. Bank of America upped their price objective on NetApp from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Morgan Stanley set a $117.00 target price on NetApp in a research report on Thursday, August 28th. Citigroup cut their price target on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Finally, Barclays raised their price objective on shares of NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NetApp has an average rating of “Hold” and a consensus target price of $122.07.

NetApp 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.