Livforsakringsbolaget Skandia Omsesidigt Buys 12,800 Shares of NetApp, Inc. $NTAP

Posted by Stanley Muller on Jun 5th, 2026

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,341 shares of the data storage provider’s stock after purchasing an additional 12,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NetApp were worth $12,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lido Advisors LLC grew its position in NetApp by 1.7% during the fourth quarter. Lido Advisors LLC now owns 9,684 shares of the data storage provider’s stock worth $1,140,000 after buying an additional 158 shares in the last quarter. CIBC Asset Management Inc grew its position in NetApp by 62.7% during the fourth quarter. CIBC Asset Management Inc now owns 47,276 shares of the data storage provider’s stock worth $5,063,000 after buying an additional 18,227 shares in the last quarter. Kesler Norman & Wride LLC grew its position in NetApp by 41.2% during the fourth quarter. Kesler Norman & Wride LLC now owns 8,608 shares of the data storage provider’s stock worth $922,000 after buying an additional 2,511 shares in the last quarter. AXQ Capital LP purchased a new position in NetApp during the fourth quarter worth about $624,000. Finally, Nomura Asset Management Co. Ltd. grew its position in NetApp by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 77,156 shares of the data storage provider’s stock worth $8,263,000 after buying an additional 205 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NTAP. Wedbush boosted their target price on NetApp from $115.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings cut NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Barclays boosted their target price on NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on NetApp from $110.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company boosted their target price on NetApp from $115.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NetApp currently has an average rating of “Hold” and an average price target of $169.33.

Check Out Our Latest Research Report on NTAP

Insider Transactions at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s 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 transaction, the executive vice president directly owned 18,382 shares in the company, valued at approximately $2,164,112.86. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lorenzo Daniel De sold 275 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $120.00, for a total value of $33,000.00. Following the completion of the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at $130,800. The trade was a 20.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,500 shares of company stock valued at $386,145 over the last quarter. Company insiders own 0.28% of the company’s stock.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

Positive Sentiment: NetApp’s updated fiscal 2027 guidance points to improved margins and higher earnings potential, which investors are viewing as the main driver behind the stock’s recent strength.
Positive Sentiment: The company announced new collaborations with Cisco to expand secure, simplified AI solutions and strengthen cyber resilience, which could help NetApp benefit from enterprise AI spending. NetApp and Cisco Accelerate and Secure AI Innovation
Positive Sentiment: NetApp has also been drawing analyst and investor attention after its earnings call, with questions centered on the company’s AI opportunity, margins, and growth outlook. The 5 Most Interesting Analyst Questions From NetApp’s Q1 Earnings Call

NetApp Price Performance

NTAP opened at $178.87 on Friday. The stock has a 50-day moving average price of $118.57 and a 200-day moving average price of $109.85. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $192.83. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $35.30 billion, a P/E ratio of 28.12, a PEG ratio of 3.32 and a beta of 1.45.

NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Equities analysts predict that NetApp, Inc. will post 7.14 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, July 10th. NetApp’s dividend payout ratio is presently 32.70%.

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.