California State Teachers Retirement System Sells 8,441 Shares of NetApp, Inc. $NTAP

Posted by Francis Steltz on Aug 1st, 2026

California State Teachers Retirement System trimmed its position in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 2.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 308,083 shares of the data storage provider’s stock after selling 8,441 shares during the period. California State Teachers Retirement System’s holdings in NetApp were worth $31,545,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NTAP. Norges Bank bought a new position in NetApp in the 4th quarter valued at $458,060,000. Jefferies Financial Group Inc. purchased a new position in shares of NetApp during the 4th quarter valued at $14,869,000. Handelsbanken Fonder AB increased its holdings in shares of NetApp by 106.8% in the fourth quarter. Handelsbanken Fonder AB now owns 262,732 shares of the data storage provider’s stock worth $28,136,000 after purchasing an additional 135,715 shares during the period. National Pension Service increased its holdings in shares of NetApp by 13.6% in the fourth quarter. National Pension Service now owns 180,917 shares of the data storage provider’s stock worth $19,374,000 after purchasing an additional 21,643 shares during the period. Finally, Swedbank AB raised its position in shares of NetApp by 22.0% in the fourth quarter. Swedbank AB now owns 97,086 shares of the data storage provider’s stock worth $10,397,000 after buying an additional 17,520 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

Insider Activity

In related news, President Cesar Cernuda sold 49,464 shares of NetApp stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $154.82, for a total value of $7,658,016.48. Following the transaction, the president directly owned 46,806 shares of the company’s stock, valued at $7,246,504.92. The trade was a 51.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $170.92, for a total transaction of $170,920.00. Following the sale, the executive vice president owned 31,297 shares of the company’s stock, valued at $5,349,283.24. This represents a 3.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 52,964 shares of company stock valued at $8,181,642. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NTAP. JPMorgan Chase & Co. lifted their price objective on NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Morgan Stanley upped their target price on NetApp from $88.00 to $137.00 and gave the stock an “underweight” rating in a research note on Friday, May 29th. Northland Securities raised their price target on NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Bank of America lifted their price target on NetApp from $125.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Barclays boosted their price objective on NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $169.33.

Get Our Latest Research Report on NetApp

NetApp Stock Up 2.6%

Shares of NASDAQ:NTAP opened at $178.50 on Friday. The firm has a market capitalization of $35.03 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 3.18 and a beta of 1.46. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. NetApp, Inc. has a 52-week low of $93.69 and a 52-week high of $192.83. The firm has a fifty day moving average of $162.88 and a 200 day moving average of $124.94.

NetApp (NASDAQ:NTAP – Get Free Report) last issued its earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.24). The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, research analysts anticipate that NetApp, Inc. will post 7.16 EPS for the current fiscal year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. NetApp’s dividend payout ratio is 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.