NetApp, Inc. $NTAP Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 117.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,670 shares of the data storage provider’s stock after purchasing an additional 15,461 shares during the period. New Age Alpha Advisors LLC’s holdings in NetApp were worth $3,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTAP. Caliber Wealth Management LLC KS raised its holdings in shares of 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 valued at $249,000 after acquiring an additional 100 shares during the period. Park Square Financial Group LLC raised its holdings 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 acquiring an additional 103 shares during the period. Frank Rimerman Advisors LLC raised its holdings in shares of NetApp by 2.0% during 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 during the period. Transcend Capital Advisors LLC raised its holdings in shares of NetApp by 5.8% during 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 during the period. Finally, Fifth Third Bancorp raised its holdings in shares of NetApp by 0.9% during the fourth 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 period. 92.17% of the stock is owned by institutional investors and hedge funds.

NetApp Stock Down 0.3%

NetApp stock opened at $138.95 on Wednesday. The firm has a market cap of $27.42 billion, a PE ratio of 23.24, a P/E/G ratio of 2.54 and a beta of 1.28. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The firm’s 50 day moving average price is $109.37 and its two-hundred day moving average price is $107.07. NetApp, Inc. has a twelve month low of $93.69 and a twelve month high of $142.42.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior 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, research analysts predict that NetApp, Inc. will post 6.48 EPS for the current fiscal year.

NetApp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, April 2nd. NetApp’s dividend payout ratio is currently 34.78%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NTAP shares. Citigroup lowered shares of NetApp from a “neutral” rating to a “mixed” rating in a report on Thursday, May 14th. JPMorgan Chase & Co. lowered shares of NetApp from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $125.00 to $110.00 in a research note on Thursday, April 16th. Wedbush reiterated a “neutral” rating and issued a $115.00 price objective on shares of NetApp in a research note on Wednesday, February 25th. Wall Street Zen lowered shares of NetApp from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings lowered shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, NetApp has a consensus rating of “Hold” and an average target price of $122.27.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 18,382 shares of the company’s stock, valued at $2,164,112.86. The trade was a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lorenzo Daniel De sold 275 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $120.00, for a total transaction of $33,000.00. Following the completion of the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at $130,800. This represents a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,275 shares of company stock worth $347,650. Company insiders own 0.28% of the company’s stock.

NetApp Company Profile

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.