5,105 NetApp, Inc. $NTAP Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 11.9% during the 3rd quarter, Holdings Channel reports. The firm owned 48,140 shares of the data storage provider’s stock after purchasing an additional 5,105 shares during the quarter. Vontobel Holding Ltd.’s holdings in NetApp were worth $10,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NTAP. BlackRock Inc. acquired a new stake in NetApp during the second quarter worth approximately $2,925,168,000. Primecap Management Co. CA acquired a new position in NetApp in the second quarter valued at approximately $1,395,423,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NetApp by 9.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,444,057 shares of the data storage provider’s stock valued at $687,762,000 after buying an additional 383,701 shares during the period. First Trust Advisors LP lifted its stake in NetApp by 127.0% in the first quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock valued at $374,549,000 after buying an additional 2,046,912 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of NetApp by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,129,773 shares of the data storage provider’s stock worth $218,065,000 after buying an additional 30,559 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of NetApp from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Cantor Fitzgerald upgraded shares of NetApp to an “overweight” rating in a research note on Wednesday, October 7th. Wall Street Zen upgraded shares of NetApp from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 5th. Weiss Ratings raised shares of NetApp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, UBS Group increased their target price on shares of NetApp from $160.00 to $171.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $213.20.

NetApp Stock Performance

Shares of NTAP opened at $203.80 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16. The stock has a 50-day moving average of $201.97 and a 200-day moving average of $163.26. The company has a market cap of $40.03 billion, a PE ratio of 28.74, a P/E/G ratio of 2.19 and a beta of 1.46. NetApp, Inc. has a one year low of $93.69 and a one year high of $240.87.

NetApp (NASDAQ:NTAP) last issued 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 business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company posted $1.15 EPS. The firm’s revenue was up 29.9% compared to the same quarter last year. 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, equities research analysts predict that NetApp, Inc. will post 8.32 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, October 9th. NetApp’s dividend payout ratio (DPR) is 29.34%.

Insider Transactions at NetApp

In other news, Director Carrie Palin sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $216.43, for a total transaction of $1,082,150.00. Following the completion of the sale, the director owned 6,660 shares in the company, valued at $1,441,423.80. The trade was a 42.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Elizabeth O’Callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $237.42, for a total value of $237,420.00. Following the transaction, the executive vice president directly owned 29,737 shares in the company, valued at $7,060,158.54. The trade was a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 173,524 shares of company stock valued at $35,018,126. Company insiders own 0.36% of the company’s stock.

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.