Handelsbanken Fonder AB Buys 14,754 Shares of NetApp, Inc. $NTAP

Posted by Brenda Bartman on Aug 13th, 2026

Handelsbanken Fonder AB grew its position in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) by 11.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,210 shares of the data storage provider’s stock after purchasing an additional 14,754 shares during the period. Handelsbanken Fonder AB owned approximately 0.07% of NetApp worth $22,318,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock worth $67,000 after acquiring an additional 210 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of NetApp during the 2nd quarter valued at approximately $315,000. Cerity Partners LLC boosted its position in shares of NetApp by 9.9% during the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock valued at $4,986,000 after acquiring an additional 4,232 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of NetApp by 7.3% in the second quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock valued at $2,589,000 after purchasing an additional 1,662 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of NetApp by 12.7% in the second quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock valued at $2,148,000 after purchasing an additional 2,277 shares in the last quarter. 92.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NetApp news, President Cesar Cernuda sold 49,464 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $154.82, for a total transaction of $7,658,016.48. Following the completion of the transaction, the president owned 46,806 shares in the company, valued at $7,246,504.92. The trade was a 51.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $193.82, for a total value of $193,820.00. Following the transaction, the executive vice president directly owned 30,297 shares in the company, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,964 shares of company stock valued at $8,257,732 in the last ninety days. 0.36% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NTAP has been the topic of a number of recent research reports. Argus upped their price target on shares of NetApp from $130.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Morgan Stanley raised shares of NetApp from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $137.00 to $173.00 in a research note on Monday. Citigroup boosted their target price on shares of NetApp from $114.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $200.00 price target on shares of NetApp in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, NetApp has an average rating of “Hold” and a consensus price target of $172.33.

Read Our Latest Research Report on NetApp

NetApp Stock Performance

NASDAQ:NTAP opened at $202.05 on Thursday. The stock’s fifty day moving average is $168.20 and its 200 day moving average is $130.13. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $202.32. The firm has a market capitalization of $39.65 billion, a PE ratio of 31.77, a PEG ratio of 3.63 and a beta of 1.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44.

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

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Friday, July 10th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, July 10th. NetApp’s dividend payout ratio is presently 32.70%.

About NetApp

(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.