Jupiter Topco LLC bought a new position in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,391 shares of the data storage provider’s stock, valued at approximately $5,011,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Primecap Management Co. CA purchased a new stake in shares of NetApp during the 2nd quarter worth approximately $1,395,423,000. Canada Pension Plan Investment Board acquired a new position in NetApp during the second quarter worth $8,931,000. Legal & General Group Plc purchased a new stake in NetApp during the second quarter worth $258,093,000. The Manufacturers Life Insurance Company acquired a new stake in NetApp in the second quarter valued at $18,950,000. Finally, Fiduciary Financial Advisors purchased a new position in shares of NetApp in the second quarter valued at $109,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at NetApp
In other news, President Cesar Cernuda sold 2,608 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the transaction, the president owned 46,530 shares of the company’s stock, valued at $9,514,454.40. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the transaction, the executive vice president directly owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 55,072 shares of company stock valued at $8,719,520. Insiders own 0.36% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on NetApp
NetApp Trading Down 0.9%
Shares of NTAP stock opened at $185.29 on Tuesday. The firm has a 50-day moving average price of $176.44 and a 200 day moving average price of $138.83. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $209.06. The company has a market capitalization of $36.36 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.33 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.
NetApp Profile
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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