OMERS ADMINISTRATION Corp bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,683 shares of the data storage provider’s stock, valued at approximately $4,439,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Park Square Financial Group LLC lifted 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 worth $29,000 after acquiring an additional 103 shares during the period. Gen Wealth Partners Inc purchased a new position in NetApp during the 4th quarter valued at $30,000. DV Equities LLC purchased a new position in NetApp during the 4th quarter valued at $30,000. Roble Belko & Company Inc bought a new position in NetApp in the 1st quarter worth $31,000. Finally, Torren Management LLC bought a new position in NetApp in the 4th quarter worth $34,000. Institutional investors own 92.17% of the company’s stock.
Insider Buying and Selling at NetApp
In other news, CAO Lorenzo Daniel De sold 225 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at $186,488.10. The trade was a 17.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Cesar Cernuda sold 49,464 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the president owned 46,806 shares in the company, valued at $7,246,504.92. The trade was a 51.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 55,297 shares of company stock valued at $8,758,016. Corporate insiders own 0.36% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Analysis on NTAP
NetApp Stock Performance
Shares of NTAP stock opened at $187.43 on Wednesday. NetApp, Inc. has a 12 month low of $93.69 and a 12 month high of $209.06. The stock has a market cap of $36.78 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 3.34 and a beta of 1.45. 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 company’s fifty day moving average price is $173.96 and its 200-day moving average price is $136.41.
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 (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.24). The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, equities analysts expect that NetApp, Inc. will post 7.32 EPS for the current fiscal year.
NetApp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, July 10th. NetApp’s dividend payout ratio is 32.70%.
About NetApp
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.
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