LSV Asset Management Acquires 29,186 Shares of NetApp, Inc. $NTAP

Posted by Francis Steltz on May 24th, 2026

LSV Asset Management increased its holdings in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 545,194 shares of the data storage provider’s stock after purchasing an additional 29,186 shares during the period. LSV Asset Management’s holdings in NetApp were worth $58,385,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTAP. Geneos Wealth Management Inc. grew its stake in shares of NetApp by 38.3% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock worth $67,000 after purchasing an additional 210 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in NetApp in the second quarter valued at $315,000. Cerity Partners LLC lifted its holdings in NetApp by 9.9% in the second quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock valued at $4,986,000 after buying an additional 4,232 shares during the period. Bank of Nova Scotia lifted its holdings in NetApp by 7.3% in the second quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock valued at $2,589,000 after buying an additional 1,662 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in NetApp by 12.7% in the second quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock valued at $2,148,000 after buying an additional 2,277 shares during the period. Institutional investors own 92.17% of the company’s stock.

Insider Activity

In other news, CAO Lorenzo Daniel De sold 275 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $120.00, for a total transaction of $33,000.00. Following the transaction, the chief accounting officer owned 1,090 shares in the company, valued at approximately $130,800. This represents a 20.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $117.73, for a total transaction of $117,730.00. Following the transaction, the executive vice president owned 18,382 shares in the company, valued at $2,164,112.86. This represents a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,275 shares of company stock worth $347,650 in the last quarter. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

NTAP has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of NetApp from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $125.00 to $110.00 in a report on Thursday, April 16th. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of NetApp in a report on Wednesday, February 25th. Weiss Ratings lowered shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Wall Street Zen lowered shares of NetApp from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Bank of America boosted their target price on shares of NetApp from $118.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $122.27.

Check Out Our Latest Stock Report on NTAP

NetApp Price Performance

Shares of NASDAQ NTAP opened at $139.36 on Friday. The firm’s 50-day moving average price is $107.72 and its 200-day moving average price is $106.80. NetApp, Inc. has a 1-year low of $93.69 and a 1-year high of $141.75. The firm has a market capitalization of $27.50 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.54 and a beta of 1.28. 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 announced its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share 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 firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $1.91 earnings per share. The business’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. Equities research analysts anticipate that NetApp, Inc. will post 6.48 earnings per share for the current fiscal year.

NetApp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.5%. NetApp’s dividend payout ratio is currently 34.78%.

NetApp Company Profile

(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.