AMJ Financial Wealth Management acquired a new position in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) during the 4th quarter, HoldingsChannel reports. The firm acquired 32,416 shares of the data storage provider’s stock, valued at approximately $3,471,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Caliber Wealth Management LLC KS raised its stake in NetApp by 5.0% during the third quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock worth $249,000 after acquiring an additional 100 shares during the period. Frank Rimerman Advisors LLC boosted its holdings in shares of NetApp by 2.0% in the third quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock valued at $655,000 after acquiring an additional 106 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of NetApp by 5.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 1,953 shares of the data storage provider’s stock valued at $209,000 after acquiring an additional 107 shares in the last quarter. Fifth Third Bancorp boosted its holdings in NetApp by 0.9% during the fourth quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider’s stock worth $1,345,000 after buying an additional 108 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in NetApp by 0.7% during the third quarter. US Bancorp DE now owns 15,398 shares of the data storage provider’s stock worth $1,824,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.
Insiders Place Their Bets
In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $117.73, for a total value of $117,730.00. Following the completion of the transaction, the executive vice president owned 18,382 shares of the company’s stock, valued at approximately $2,164,112.86. This trade represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $314,650 over the last ninety days. 0.28% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
NetApp Price Performance
NTAP stock opened at $119.93 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The stock has a market capitalization of $23.67 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.40 and a beta of 1.28. The business has a 50-day moving average of $105.21 and a 200-day moving average of $106.50. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $126.66.
NetApp (NASDAQ:NTAP – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. NetApp’s revenue for the quarter was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, sell-side analysts anticipate that NetApp, Inc. will post 6.48 earnings per share for the current fiscal year.
NetApp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.7%. NetApp’s dividend payout ratio (DPR) is 34.78%.
About NetApp
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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