NetApp, Inc. $NTAP Position Boosted by Hsbc Holdings PLC

Posted by Geri Gentry on Jul 20th, 2026

Hsbc Holdings PLC lifted its holdings in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 20.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,018,979 shares of the data storage provider’s stock after acquiring an additional 173,943 shares during the quarter. Hsbc Holdings PLC’s holdings in NetApp were worth $104,279,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in NetApp by 2.1% during the fourth quarter. Parallel Advisors LLC now owns 5,007 shares of the data storage provider’s stock worth $536,000 after buying an additional 101 shares in the last quarter. Park Square Financial Group LLC increased its holdings in shares of NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after buying an additional 103 shares in the last quarter. Transcend Capital Advisors LLC increased 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 buying an additional 107 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of NetApp by 0.9% during the 4th quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider’s stock valued at $1,345,000 after acquiring an additional 108 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in shares of NetApp by 16.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 833 shares of the data storage provider’s stock valued at $89,000 after acquiring an additional 120 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $163.88 on Monday. The firm has a 50 day simple moving average of $153.28 and a 200 day simple moving average of $120.61. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $192.83. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44. The company has a market cap of $32.16 billion, a PE ratio of 25.77, a price-to-earnings-growth ratio of 2.99 and a beta of 1.46.

NetApp (NASDAQ:NTAP – Get Free Report) last announced its earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.24). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. NetApp had a net margin of 18.43% and a return on equity of 117.23%. NetApp’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $1.93 earnings per share. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, research analysts expect that NetApp, Inc. will post 7.16 earnings per share for the current year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Friday, July 10th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. NetApp’s dividend payout ratio is currently 32.70%.

Insiders Place Their Bets

In other news, President Cesar Cernuda sold 49,464 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $154.82, for a total value of $7,658,016.48. Following the completion of the sale, the president directly owned 46,806 shares of the company’s stock, valued at $7,246,504.92. This represents a 51.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $170.92, for a total transaction of $170,920.00. Following the completion of the transaction, the executive vice president owned 31,297 shares in the company, valued at approximately $5,349,283.24. This represents a 3.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 52,964 shares of company stock worth $8,181,642. 0.28% of the stock is currently owned by company insiders.

More NetApp News

Here are the key news stories impacting NetApp this week:

Positive Sentiment: Goldman Sachs reiterated a Buy rating on NetApp and kept its $200 price target, citing the company’s AI-driven storage capabilities and potential to support emerging “agentic” workloads. Article Title
Positive Sentiment: Susquehanna reportedly had a largely positive view of NetApp heading into the second half of the year, reinforcing optimism around the stock’s outlook after recent earnings. Article Title
Positive Sentiment: NetApp’s acquisition of DataPelago was framed as a strategic move to make data AI-ready at the infrastructure layer, potentially strengthening its long-term position in AI and analytics. Article Title
Neutral Sentiment: Market commentary said NetApp stock is pausing after earnings, with support at the 10-week moving average potentially offering an entry point for investors. Article Title
Neutral Sentiment: Additional coverage highlighted NetApp as a long-term growth name and noted new trading products tied to the stock, which may be helping keep investor attention elevated. Article Title

Analyst Ratings Changes

Several research firms have recently weighed in on NTAP. Wall Street Zen lowered NetApp from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 13th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $200.00 target price on shares of NetApp in a research report on Tuesday, June 2nd. Susquehanna increased their price target on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, June 8th. Finally, Northland Securities lifted their price target on NetApp from $137.00 to $171.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, NetApp presently has a consensus rating of “Hold” and an average target price of $169.33.

View Our Latest Stock Analysis on NTAP

NetApp Company Profile

(Free Report)

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.