Vise Technologies Inc. Invests $993,000 in NetApp, Inc. $NTAP

Posted by Geri Gentry on Aug 23rd, 2026

Vise Technologies Inc. acquired a new stake in NetApp, Inc. (NASDAQ:NTAP – Free Report) in the second quarter, HoldingsChannel.com reports. The fund acquired 6,418 shares of the data storage provider’s stock, valued at approximately $993,000.

A number of other institutional investors also recently added to or reduced their stakes in NTAP. Geneos Wealth Management Inc. increased its stake in NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after purchasing an additional 210 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of NetApp during the 2nd quarter worth $315,000. Cerity Partners LLC boosted its position in shares of NetApp by 9.9% in the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock worth $4,986,000 after buying an additional 4,232 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of NetApp by 7.3% in the 2nd quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock worth $2,589,000 after buying an additional 1,662 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in NetApp by 12.7% in the 2nd quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock valued at $2,148,000 after acquiring an additional 2,277 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Activity at NetApp

In related news, CAO Lorenzo Daniel De sold 225 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $171.09, for a total value of $38,495.25. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at approximately $186,488.10. This represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Cesar Cernuda sold 49,464 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $154.82, for a total value of $7,658,016.48. Following the transaction, the president owned 46,806 shares in the company, valued at $7,246,504.92. This trade represents a 51.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 55,297 shares of company stock worth $8,758,016. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NTAP has been the subject of several recent research reports. Susquehanna raised their target price on shares of NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Wells Fargo & Company increased their price target on shares of NetApp from $115.00 to $180.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Bank of America raised their price objective on shares of NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Argus lifted their price objective on NetApp from $130.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 1st. Finally, Wall Street Zen lowered NetApp from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.25.

Check Out Our Latest Report on NTAP

NetApp Stock Performance

Shares of NTAP opened at $192.27 on Friday. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The company’s 50 day simple moving average is $172.93 and its 200 day simple moving average is $134.89. The company has a market capitalization of $37.73 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.45 and a beta of 1.45. 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 (NASDAQ:NTAP – Get Free Report) last released its earnings results on Thursday, May 28th. The data storage provider reported $2.03 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 revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.93 earnings per share. 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, sell-side analysts predict that NetApp, Inc. will post 7.32 EPS for the current year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. NetApp’s payout ratio is currently 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.