NetApp, Inc. $NTAP Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,140 shares of the data storage provider’s stock after purchasing an additional 12,930 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in NetApp were worth $26,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NetApp during the 4th quarter worth approximately $52,000. Optas LLC boosted its holdings in shares of NetApp by 34.7% during the fourth quarter. Optas LLC now owns 2,443 shares of the data storage provider’s stock valued at $262,000 after acquiring an additional 630 shares during the period. Evergreen Capital Management LLC boosted its holdings in shares of NetApp by 8.2% during the fourth quarter. Evergreen Capital Management LLC now owns 35,783 shares of the data storage provider’s stock valued at $3,832,000 after acquiring an additional 2,714 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NetApp by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 192,721 shares of the data storage provider’s stock worth $20,638,000 after acquiring an additional 22,287 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of NetApp by 17.9% in the 4th quarter. Merit Financial Group LLC now owns 30,979 shares of the data storage provider’s stock worth $3,318,000 after acquiring an additional 4,693 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Buying and Selling at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the transaction, the executive vice president owned 19,382 shares of the company’s stock, valued at $1,865,517.50. This trade represents a 4.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 3,000 shares of company stock valued at $300,370 in the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. The Goldman Sachs Group initiated coverage on NetApp in a report on Tuesday, January 13th. They set a “buy” rating and a $128.00 price target on the stock. Citigroup raised their target price on NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. downgraded NetApp from an “overweight” rating to a “neutral” rating and cut their target price for the company from $125.00 to $110.00 in a research note on Thursday, April 16th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 price target on shares of NetApp in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $120.75.

NetApp Trading Down 2.4%

Shares of NASDAQ:NTAP opened at $108.40 on Friday. The company has a 50 day moving average of $101.54 and a 200-day moving average of $107.06. The firm has a market cap of $21.39 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.44 and a beta of 1.30. NetApp, Inc. has a twelve month low of $85.12 and a twelve month high of $126.66. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period last year, the firm posted $1.91 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, analysts anticipate that NetApp, Inc. will post 6.48 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 2nd. NetApp’s payout ratio is currently 34.78%.

NetApp Profile

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.