NetApp, Inc. $NTAP Stock Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 560,921 shares of the data storage provider’s stock after selling 1,274 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.28% of NetApp worth $59,766,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ironwood Investment Counsel LLC increased its stake in NetApp by 4.2% in the second quarter. Ironwood Investment Counsel LLC now owns 11,657 shares of the data storage provider’s stock valued at $1,242,000 after acquiring an additional 467 shares during the period. Palouse Capital Management Inc. grew its holdings in NetApp by 0.4% during the 2nd quarter. Palouse Capital Management Inc. now owns 43,351 shares of the data storage provider’s stock worth $4,619,000 after acquiring an additional 172 shares during the period. Boston Partners boosted its holdings in NetApp by 108.9% during the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock worth $313,997,000 after buying an additional 1,536,339 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of NetApp during the second quarter worth $916,000. Finally, Allworth Financial LP raised its position in shares of NetApp by 54.4% during the second quarter. Allworth Financial LP now owns 13,956 shares of the data storage provider’s stock worth $1,487,000 after purchasing an additional 4,917 shares during the period. 92.17% of the stock is owned by institutional investors and hedge funds.

NetApp Stock Performance

NTAP stock opened at $111.57 on Thursday. The firm has a market cap of $22.27 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55. The stock has a 50-day moving average price of $119.06 and a 200-day moving average price of $109.01. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $135.45.

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

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.08 annualized dividend and a yield of 1.9%. NetApp’s dividend payout ratio is currently 36.75%.

Insiders Place Their Bets

In other news, CEO George Kurian sold 8,750 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total value of $1,075,462.50. Following the completion of the sale, the chief executive officer directly owned 274,938 shares in the company, valued at $33,792,629.58. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lorenzo Daniel De sold 779 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $121.87, for a total value of $94,936.73. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,029 shares of company stock worth $2,338,294. 0.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on NTAP. Weiss Ratings reissued a “hold (c+)” rating on shares of NetApp in a research report on Wednesday, October 8th. Morgan Stanley set a $117.00 target price on shares of NetApp in a report on Thursday, August 28th. Bank of America boosted their target price on shares of NetApp from $121.00 to $125.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. William Blair restated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Finally, UBS Group raised their price objective on shares of NetApp from $108.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $122.07.

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.