Diversified Trust Co Buys 3,284 Shares of NetApp, Inc. $NTAP

Posted by Stanley Muller on Jun 21st, 2026

Diversified Trust Co grew its stake in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,841 shares of the data storage provider’s stock after acquiring an additional 3,284 shares during the quarter. Diversified Trust Co’s holdings in NetApp were worth $6,639,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NTAP. Rossby Financial LCC boosted its position in NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. Park Square Financial Group LLC grew its stake in NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares during the last quarter. Gen Wealth Partners Inc bought a new position in NetApp in the fourth quarter worth about $30,000. DV Equities LLC bought a new position in NetApp in the fourth quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of NetApp during the third quarter valued at about $35,000. 92.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating and issued a $160.00 price target on shares of NetApp in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on shares of NetApp from $110.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wall Street Zen raised shares of NetApp from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Wedbush raised their target price on shares of NetApp from $115.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Citigroup lifted their price target on shares of NetApp from $114.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $169.33.

View Our Latest Research Report on NetApp

NetApp Stock Performance

NetApp stock opened at $159.71 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. The stock has a market cap of $31.29 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.92 and a beta of 1.45. The stock has a 50-day moving average of $131.77 and a two-hundred day moving average of $113.99. NetApp, Inc. has a one year low of $93.69 and a one year high of $192.83.

NetApp (NASDAQ:NTAP – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share 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 business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the firm posted $1.93 EPS. NetApp’s revenue was up 12.5% on a year-over-year basis. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. On average, research analysts anticipate that NetApp, Inc. will post 7.16 EPS for the current fiscal year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Friday, July 10th will be paid a $0.52 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. NetApp’s dividend payout ratio (DPR) is 32.70%.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $163.48, for a total transaction of $163,480.00. Following the sale, the executive vice president owned 32,297 shares of the company’s stock, valued at approximately $5,279,913.56. The trade was a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Lorenzo Daniel De sold 225 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the transaction, the chief accounting officer owned 1,090 shares in the company, valued at $186,488.10. The trade was a 17.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,500 shares of company stock worth $448,955. 0.28% of the stock is owned by insiders.

NetApp 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.