Robeco Institutional Asset Management B.V. Sells 7,657 Shares of NetApp, Inc. $NTAP

Robeco Institutional Asset Management B.V. reduced its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 340,246 shares of the data storage provider’s stock after selling 7,657 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NetApp were worth $40,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. increased its position in NetApp by 287.9% during the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 190 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NetApp during the second quarter worth $28,000. 1248 Management LLC acquired a new position in shares of NetApp during the first quarter worth $30,000. CVA Family Office LLC increased its holdings in shares of NetApp by 300.0% during the second quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock worth $31,000 after buying an additional 219 shares in the last quarter. Finally, SouthState Corp lifted its stake in shares of NetApp by 434.5% in the 2nd quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 239 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Insider Transactions at NetApp

In other NetApp news, CAO Lorenzo Daniel De sold 327 shares of NetApp stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $119.00, for a total transaction of $119,000.00. Following the sale, the executive vice president owned 22,628 shares in the company, valued at approximately $2,692,732. The trade was a 4.23% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,654 shares of company stock worth $189,292. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NTAP shares. Bank of America raised their price target on shares of NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Citigroup lowered their target price on NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Northland Securities set a $137.00 price target on shares of NetApp and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Wells Fargo & Company upped their price objective on shares of NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a report on Wednesday, November 26th. Finally, Barclays lifted their price objective on shares of NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

NetApp Stock Performance

NASDAQ:NTAP opened at $104.31 on Thursday. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $127.78. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The business has a fifty day simple moving average of $111.43 and a two-hundred day simple moving average of $112.36. The company has a market capitalization of $20.66 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.35 and a beta of 1.38.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the previous year, the firm posted $1.87 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. On average, analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.08 annualized dividend and a yield of 2.0%. NetApp’s payout ratio is presently 36.17%.

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.