NetApp, Inc. $NTAP Stock Acquired by Monument Capital Management

Monument Capital Management raised its stake in NetApp, Inc. (NASDAQ:NTAP) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,791 shares of the data storage provider’s stock after buying an additional 2,399 shares during the period. Monument Capital Management’s holdings in NetApp were worth $3,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in NetApp by 13.4% in the third quarter. GAMMA Investing LLC now owns 7,601 shares of the data storage provider’s stock valued at $1,597,000 after acquiring an additional 897 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in NetApp by 214.6% during the third quarter. Farther Finance Advisors LLC now owns 7,727 shares of the data storage provider’s stock worth $1,623,000 after purchasing an additional 5,271 shares during the last quarter. Avidian Wealth Enterprises LLC purchased a new position in shares of NetApp in the 3rd quarter worth about $258,000. Valeo Financial Advisors LLC boosted its holdings in shares of NetApp by 5.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,651 shares of the data storage provider’s stock worth $767,000 after purchasing an additional 190 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of NetApp by 90.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the data storage provider’s stock valued at $61,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Transactions at NetApp

In related news, Director Thomas Nevens sold 5,940 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $195.21, for a total transaction of $1,159,547.40. Following the transaction, the director owned 7,747 shares in the company, valued at $1,512,291.87. The trade was a 43.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Deepak Ahuja sold 3,450 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $200.00, for a total transaction of $690,000.00. Following the completion of the transaction, the director directly owned 12,814 shares of the company’s stock, valued at approximately $2,562,800. The trade was a 21.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 172,524 shares of company stock worth $34,780,706. 0.36% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on NetApp from $209.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NetApp in a research note on Friday, September 4th. Barclays increased their price target on shares of NetApp from $199.00 to $219.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Morgan Stanley boosted their price objective on shares of NetApp from $173.00 to $191.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Finally, UBS Group upped their price objective on shares of NetApp from $160.00 to $171.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $213.20.

Key Stories Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Analyst upgrades support the outlook. Evercore upgraded NetApp, while Loop Capital raised its price target from $215 to $260 and maintained a Buy rating. Analysts cited strong execution, AI-related storage demand and growth potential without requiring major new products. NetApp stock scores analyst upgrade to buy after big rally
• Positive Sentiment: Cloud partnerships could expand NetApp’s addressable market. AWS Transform now supports migrating NetApp ONTAP block-storage data directly to Amazon FSx alongside compute and networking workloads, potentially simplifying cloud adoption. NetApp also partnered with Oracle on a fully managed cloud-storage service. Can AWS Transform Make NetApp the Default Storage Landing Zone in the Cloud?
• Positive Sentiment: Fundamentals remain strong. NetApp’s latest reported quarter exceeded earnings and revenue expectations, with revenue up 29.9% year over year. AI-driven demand, all-flash storage growth and cloud expansion remain key parts of the bullish case.
• Neutral Sentiment: Dividend record date is approaching. NetApp declared a quarterly dividend of $0.52 per share, with a 0.9% indicated yield and an October 9 ex-dividend date. The payment may support income-oriented demand but is unlikely to materially change the growth-stock narrative.
• Negative Sentiment: Valuation and momentum risks are elevated. Commentary highlights a premium valuation, possible margin pressure and an RSI above 70, suggesting the stock may be overbought after its sharp advance. The average analyst price target of about $204.53 is below recent trading levels, adding to downside risk. NetApp up 147% in the past six months
• Negative Sentiment: Insider selling adds a cautionary signal. Director Carrie Palin sold 5,000 shares, while CEO George Kurian reportedly sold 10,000 shares. These transactions do not necessarily indicate deteriorating fundamentals, but they can weigh on sentiment after a major rally.

NetApp Trading Down 2.0%

NASDAQ NTAP opened at $231.05 on Friday. The stock has a market cap of $45.38 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.54 and a beta of 1.46. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $238.07. The stock has a 50 day simple moving average of $197.24 and a two-hundred day simple moving average of $158.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.24.

NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. On average, analysts forecast that NetApp, Inc. will post 8.32 earnings per share for the current year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.08 annualized dividend and a yield of 0.9%. NetApp’s dividend payout ratio is 29.34%.

About NetApp

NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.

Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp’s offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.