NetApp, Inc. $NTAP Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its stake in NetApp, Inc. (NASDAQ:NTAP) by 1,014.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,816 shares of the data storage provider’s stock after buying an additional 100,868 shares during the period. Penserra Capital Management LLC owned approximately 0.06% of NetApp worth $11,804,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Horizon Investments LLC boosted its holdings in NetApp by 3.8% in the 1st quarter. Horizon Investments LLC now owns 2,919 shares of the data storage provider’s stock worth $255,000 after acquiring an additional 107 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of NetApp by 11.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,083 shares of the data storage provider’s stock valued at $115,000 after purchasing an additional 107 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of NetApp by 54.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 124 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in shares of NetApp by 0.4% during the first quarter. Hohimer Wealth Management LLC now owns 29,694 shares of the data storage provider’s stock worth $2,608,000 after purchasing an additional 131 shares in the last quarter. Finally, EWA LLC boosted its stake in shares of NetApp by 5.4% in the second quarter. EWA LLC now owns 2,535 shares of the data storage provider’s stock valued at $270,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NTAP. Citigroup lifted their price target on shares of NetApp from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Barclays raised their target price on NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Argus reiterated a “buy” rating and issued a $130.00 price target on shares of NetApp in a research note on Friday, August 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of NetApp in a report on Wednesday, October 8th. Finally, Northland Securities lifted their price objective on 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 twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.40.

Insider Transactions at NetApp

In other news, CAO Lorenzo Daniel De sold 779 shares of NetApp stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total transaction of $123,670.00. Following the sale, the executive vice president owned 23,628 shares in the company, valued at approximately $2,922,074.76. This trade represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 21,029 shares of company stock worth $2,444,194. 0.28% of the stock is currently owned by insiders.

NetApp Stock Down 0.7%

NASDAQ:NTAP opened at $112.97 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The stock has a 50-day simple moving average of $119.26 and a 200 day simple moving average of $108.50.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.35). The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. NetApp had a net margin of 17.77% and a return on equity of 123.24%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter 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. Sell-side analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s dividend payout ratio is 36.75%.

NetApp Company 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.