NetApp, Inc. $NTAP Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 41.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 24,133 shares of the data storage provider’s stock after purchasing an additional 7,117 shares during the period. Intech Investment Management LLC’s holdings in NetApp were worth $2,571,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of NetApp by 18.0% during the 1st quarter. CWM LLC now owns 9,963 shares of the data storage provider’s stock worth $875,000 after buying an additional 1,522 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of NetApp in the first quarter valued at approximately $381,000. IFP Advisors Inc grew its holdings in NetApp by 24.1% during the first quarter. IFP Advisors Inc now owns 4,042 shares of the data storage provider’s stock worth $355,000 after acquiring an additional 786 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in NetApp by 3.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 15,801 shares of the data storage provider’s stock worth $1,388,000 after acquiring an additional 584 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in NetApp by 38.5% in the first quarter. Lindbrook Capital LLC now owns 2,042 shares of the data storage provider’s stock valued at $179,000 after acquiring an additional 568 shares during the period. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Activity at NetApp

In other NetApp news, CAO Lorenzo Daniel De sold 779 shares of the business’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $121.87, for a total value of $94,936.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total value of $123,670.00. Following the sale, the executive vice president owned 23,628 shares in the company, valued at $2,922,074.76. This trade represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 12,183 shares of company stock valued at $1,483,361. Company insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NTAP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a research note on Wednesday, October 8th. Oppenheimer started coverage on shares of NetApp in a research report on Monday. They set a “market perform” rating on the stock. Barclays increased their target price on shares of NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Morgan Stanley set a $117.00 price target on NetApp in a research note on Thursday, August 28th. Finally, Wedbush restated a “neutral” rating and issued a $110.00 price target on shares of NetApp in a report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $122.07.

NetApp Stock Performance

NASDAQ NTAP opened at $106.27 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55. NetApp, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $135.45. The business has a fifty day moving average of $117.72 and a 200-day moving average of $109.64. The stock has a market cap of $21.21 billion, a price-to-earnings ratio of 18.78, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). NetApp had a return on equity of 123.24% and a net margin of 17.77%.The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the business posted $1.56 EPS. The company’s revenue for the quarter 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. As a group, analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

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

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.