Intech Investment Management LLC Increases Stock Holdings in NetApp, Inc. $NTAP

Intech Investment Management LLC increased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 151.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,586 shares of the data storage provider’s stock after purchasing an additional 36,453 shares during the period. Intech Investment Management LLC’s holdings in NetApp were worth $7,177,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NTAP. Envestnet Asset Management Inc. increased its stake in NetApp by 4.9% during the third quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock worth $51,266,000 after purchasing an additional 20,089 shares during the period. Citigroup Inc. boosted its stake in shares of NetApp by 216.1% in the third quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock valued at $109,875,000 after purchasing an additional 634,085 shares during the period. National Pension Service grew its holdings in shares of NetApp by 26.0% in the third quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock valued at $18,868,000 after purchasing an additional 32,833 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of NetApp by 3.8% in the second quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider’s stock valued at $192,938,000 after purchasing an additional 66,045 shares in the last quarter. Finally, J. Safra Sarasin Holding AG increased its stake in NetApp by 496.7% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider’s stock worth $2,152,000 after buying an additional 15,123 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Stock Performance

NASDAQ:NTAP opened at $99.03 on Friday. The firm has a market capitalization of $19.61 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 3.44 and a beta of 1.38. The business’s fifty day moving average price is $103.14 and its 200 day moving average price is $111.27. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a return on equity of 122.76% and a net margin of 18.07%.NetApp’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 EPS. 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 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s dividend payout ratio is 36.17%.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Q3 earnings beat and healthy top‑line: NetApp reported $2.12 EPS vs. $2.07 expected and $1.71B revenue (vs. $1.70B est.), with revenue up ~4.4% year/year — headlines credit AI‑ready infrastructure and strong all‑flash demand for the upside. NetApp Q3 Earnings Beat on Healthy Top-Line Growth
• Positive Sentiment: Raised guidance: Management bumped FY‑2026 EPS guidance to $7.92–8.02 (well above street) and Q4 EPS to $2.21–2.31, signaling confidence in AI and cloud momentum — a primary driver of upbeat market reactions. NetApp surges on earnings beat and raised guidance
• Positive Sentiment: Dividend boost: NetApp declared a $0.52 quarterly dividend (annualized yield ~2.1%), with record/ex‑dividend dates set — supports the income case and signals capital‑allocation discipline.
• Neutral Sentiment: Forward revenue target: Management outlined an ~8% Q4 revenue growth target and highlighted accelerating AI/cloud subscription demand — positive if achieved, but forward guidance carries execution risk. NetApp outlines 8% Q4 revenue growth target
• Neutral Sentiment: Call details and metrics: Conference call, slide deck and transcripts provide detail on margin drivers, product mix (all‑flash, AI infra, cloud subs) and customer traction — useful for modeling but not an immediate directional catalyst. NetApp Q3 2026 Earnings Call Highlights Q3 Earnings Call Transcript
• Negative Sentiment: Strategic/valuation questions: Analysts and pieces are probing whether NetApp’s push toward AI‑focused cloud subscriptions materially changes its margin profile and valuation — that uncertainty may cap near‑term multiple expansion despite the beat. Is NetApp’s Shift Toward AI-Focused Cloud Subscriptions Altering The Investment Case?

Analyst Upgrades and Downgrades

Several brokerages have commented on NTAP. Oppenheimer reissued a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. The Goldman Sachs Group began coverage on NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 price objective on the stock. Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of NetApp in a research note on Wednesday. Barclays upped their price target on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Finally, Northland Securities set a $137.00 price objective on NetApp and gave the company an “outperform” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, NetApp presently has an average rating of “Moderate Buy” and an average price target of $122.69.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total transaction of $103,450.00. Following the sale, the executive vice president owned 20,075 shares of the company’s stock, valued at approximately $2,076,758.75. This trade represents a 4.74% 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. 0.28% of the stock is owned by corporate insiders.

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.