Callan Family Office LLC Has $1.02 Million Holdings in NetApp, Inc. $NTAP

Callan Family Office LLC grew its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 255.9% during the second quarter, HoldingsChannel.com reports. The firm owned 9,601 shares of the data storage provider’s stock after acquiring an additional 6,903 shares during the quarter. Callan Family Office LLC’s holdings in NetApp were worth $1,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 1248 Management LLC acquired a new position in shares of NetApp during the 1st quarter worth approximately $25,000. Manchester Capital Management LLC grew its position in shares of NetApp by 375.0% during the 1st quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock worth $25,000 after purchasing an additional 225 shares in the last quarter. Olde Wealth Management LLC acquired a new position in shares of NetApp during the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of NetApp by 54.9% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 124 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of NetApp during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NTAP shares. Bank of America upped their price target on shares of NetApp from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. UBS Group upped their price target on shares of NetApp from $108.00 to $114.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Barclays upped their price target on shares of NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. Citigroup upped their price target on shares of NetApp from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Monday, August 11th. Finally, Northland Securities upped their price target on shares of NetApp from $119.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $121.40.

Insider Activity

In other news, CAO Lorenzo Daniel De sold 779 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total transaction of $94,936.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurian sold 8,750 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the transaction, the chief executive officer directly owned 274,938 shares of the company’s stock, valued at $33,792,629.58. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,529 shares of company stock valued at $3,243,874. Insiders own 0.28% of the company’s stock.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $113.94 on Monday. The company has a market cap of $22.74 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 2.48 and a beta of 1.45. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.31 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $115.80 and a 200 day simple moving average of $103.72. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.35). The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. NetApp had a net margin of 17.77% and a return on equity of 123.24%. NetApp’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.56 EPS. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. Research analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.8%. NetApp’s dividend payout ratio (DPR) is presently 36.75%.

NetApp Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.