40,173 Shares in NetApp, Inc. $NTAP Bought by Wealthfront Advisers LLC

Posted by George Bondi on Aug 21st, 2026

Wealthfront Advisers LLC bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,173 shares of the data storage provider’s stock, valued at approximately $6,217,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of NTAP. Parallel Advisors LLC boosted its holdings in shares of NetApp by 2.1% during the 4th quarter. Parallel Advisors LLC now owns 5,007 shares of the data storage provider’s stock valued at $536,000 after purchasing an additional 101 shares during the last quarter. Park Square Financial Group LLC grew its position in shares of NetApp by 68.7% during the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its holdings in shares of NetApp by 3.0% in the first quarter. Assetmark Inc. now owns 3,540 shares of the data storage provider’s stock worth $362,000 after purchasing an additional 104 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of NetApp by 0.9% in the fourth quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider’s stock worth $1,345,000 after purchasing an additional 108 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in shares of NetApp by 16.8% in the fourth quarter. Transamerica Financial Advisors LLC now owns 833 shares of the data storage provider’s stock worth $89,000 after buying an additional 120 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NTAP shares. Susquehanna increased their price target on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Barclays upped their price objective on NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. JPMorgan Chase & Co. increased their target price on NetApp from $110.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Morgan Stanley raised shares of NetApp from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $137.00 to $173.00 in a report on Monday, August 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $160.00 price target on shares of NetApp in a research note on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, NetApp presently has an average rating of “Hold” and a consensus price target of $177.25.

Check Out Our Latest Analysis on NTAP

Insider Activity

In related news, President Cesar Cernuda sold 49,464 shares of the business’s stock in a transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Lorenzo Daniel De sold 225 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $171.09, for a total value of $38,495.25. Following the completion of the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at $186,488.10. This trade represents a 17.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 55,297 shares of company stock valued at $8,758,016. 0.36% of the stock is currently owned by insiders.

NetApp Stock Performance

NASDAQ NTAP opened at $192.81 on Friday. The business’s 50 day moving average price is $172.32 and its 200-day moving average price is $134.48. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $209.06. The company has a market cap of $37.84 billion, a P/E ratio of 30.32, a P/E/G ratio of 3.49 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 issued its quarterly earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Sell-side analysts predict that NetApp, Inc. will post 7.3 earnings per share for the current year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, July 10th. NetApp’s payout ratio is 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.