NetApp (NASDAQ:NTAP) EVP Sells $105,490.00 in Stock

NetApp, Inc. (NASDAQ:NTAP) EVP Elizabeth O’callahan sold 1,000 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $105.49, for a total value of $105,490.00. Following the transaction, the executive vice president owned 21,075 shares of the company’s stock, valued at approximately $2,223,201.75. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

NetApp Stock Performance

Shares of NetApp stock opened at $103.84 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The stock’s 50-day moving average is $110.21 and its 200-day moving average is $112.36. NetApp, Inc. has a one year low of $71.84 and a one year high of $127.78.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.17. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.NetApp’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.87 earnings per share. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. Equities analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. NetApp’s payout ratio is currently 36.17%.

Institutional Investors Weigh In On NetApp

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in NetApp in the 2nd quarter valued at $281,093,000. Boston Partners lifted its holdings in shares of 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 in the last quarter. Geode Capital Management LLC lifted its holdings in shares of NetApp by 16.8% during the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after buying an additional 1,024,626 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of NetApp by 1,230.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,007,591 shares of the data storage provider’s stock valued at $107,359,000 after acquiring an additional 931,850 shares during the period. Finally, Pacer Advisors Inc. grew its stake in shares of NetApp by 103.6% in the third quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock valued at $211,226,000 after acquiring an additional 907,233 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group lifted their price target on shares of NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of NetApp in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. William Blair reiterated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Finally, Citigroup reduced their price target on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.33.

NetApp Company 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.