Handelsbanken Fonder AB Buys 135,715 Shares of NetApp, Inc. $NTAP

Posted by Brenda Bartman on May 20th, 2026

Handelsbanken Fonder AB boosted its stake in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 106.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 262,732 shares of the data storage provider’s stock after acquiring an additional 135,715 shares during the period. Handelsbanken Fonder AB’s holdings in NetApp were worth $28,136,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. ProShare Advisors LLC boosted its holdings in NetApp by 5.5% in the fourth quarter. ProShare Advisors LLC now owns 45,689 shares of the data storage provider’s stock valued at $4,893,000 after acquiring an additional 2,389 shares during the last quarter. North Dakota State Investment Board bought a new stake in NetApp in the fourth quarter valued at approximately $1,063,000. Elyxium Wealth LLC bought a new stake in NetApp in the fourth quarter valued at approximately $35,000. Abacus Wealth Partners LLC bought a new position in shares of NetApp during the 4th quarter worth approximately $202,000. Finally, Park Square Financial Group LLC boosted its holdings in shares of NetApp by 68.7% during the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after buying an additional 103 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $117.73, for a total value of $117,730.00. Following the completion of the sale, the executive vice president owned 18,382 shares of the company’s stock, valued at approximately $2,164,112.86. This trade represents a 5.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 3,000 shares of company stock valued at $314,650. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings cut NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Wall Street Zen lowered NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Citigroup lowered NetApp from a “neutral” rating to a “mixed” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. lowered NetApp from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $125.00 to $110.00 in a research report on Thursday, April 16th. Finally, Wedbush reaffirmed a “neutral” rating and set a $115.00 target price on shares of NetApp in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, NetApp has an average rating of “Hold” and an average price target of $122.64.

View Our Latest Report on NetApp

NetApp Trading Down 0.0%

NASDAQ NTAP opened at $120.59 on Wednesday. The firm has a market capitalization of $23.80 billion, a P/E ratio of 20.17, a PEG ratio of 3.42 and a beta of 1.28. The business has a fifty day simple moving average of $105.97 and a 200 day simple moving average of $106.50. NetApp, Inc. has a 12 month low of $93.69 and a 12 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 – Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the firm posted $1.91 EPS. NetApp’s quarterly revenue was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, analysts predict that NetApp, Inc. will post 6.48 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.7%. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

About NetApp

(Free Report)

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.