Perbak Capital Partners LLP Boosts Position in NetApp, Inc. $NTAP

Perbak Capital Partners LLP lifted its position in NetApp, Inc. (NASDAQ:NTAP) by 131.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,374 shares of the data storage provider’s stock after purchasing an additional 6,458 shares during the quarter. Perbak Capital Partners LLP’s holdings in NetApp were worth $1,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in NetApp by 38.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after purchasing an additional 210 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $315,000. AE Wealth Management LLC raised its position in shares of NetApp by 18.0% during the 2nd quarter. AE Wealth Management LLC now owns 3,530 shares of the data storage provider’s stock valued at $376,000 after buying an additional 539 shares during the period. ProShare Advisors LLC raised its position in shares of NetApp by 11.7% during the 2nd quarter. ProShare Advisors LLC now owns 44,328 shares of the data storage provider’s stock valued at $4,723,000 after buying an additional 4,633 shares during the period. Finally, Allworth Financial LP lifted its holdings in NetApp by 54.4% in the second quarter. Allworth Financial LP now owns 13,956 shares of the data storage provider’s stock valued at $1,487,000 after acquiring an additional 4,917 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

More NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Northland Securities raised its FY2026 and FY2027 EPS forecasts, boosted several quarterly estimates and reiterated a “Strong‑Buy,” lifting the fundamental outlook and supporting buying interest. Northland Research Note (MarketBeat)
• Positive Sentiment: Recent quarterly results and company guidance remain supportive: NetApp beat earnings and revenue expectations in its Feb. 26 report and set FY2026 and Q4 guidance that implies continued cash generation and margin strength. NetApp Earnings & Guidance (MarketBeat)
• Positive Sentiment: NetApp announced a quarterly dividend ($0.52/share, ex‑dividend early April), which supports income investors and signals management confidence in cash flow. Dividend Announcement (MarketBeat)
• Positive Sentiment: Large institutional positions/flows (e.g., Norges Bank stake, Boston Partners, Geode increases) show meaningful investor interest and long‑term conviction from major allocators. Institutional Ownership (MarketBeat)
• Neutral Sentiment: NetApp has underperformed the Nasdaq over the past year — a reminder of valuation/relative‑performance risk even as fundamentals improve. Investors watching relative momentum may remain cautious. Is NetApp Stock Underperforming the Nasdaq?
• Neutral Sentiment: An insider sale: EVP Elizabeth O’Callahan sold 1,000 shares (~$100.7k) on March 10. The transaction is small relative to institutional holdings and management stake, so it’s a monitoring point rather than a clear red flag. Insider Sale Filing (InsiderTrades)

NetApp Stock Up 1.8%

Shares of NASDAQ NTAP opened at $98.66 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $101.19 and its two-hundred day moving average is $110.58. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $126.66. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.00 and a beta of 1.39.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the business posted $1.91 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Research analysts predict that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, April 2nd. NetApp’s dividend payout ratio (DPR) is 34.78%.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the completion of the transaction, the executive vice president directly owned 20,382 shares of the company’s stock, valued at $2,051,855.94. The trade was a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 3,000 shares of company stock worth $309,610. Company insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NTAP shares. Barclays increased their price objective on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Northland Securities set a $137.00 target price on NetApp and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Citigroup upped their price target on NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Finally, UBS Group raised their price objective on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.42.

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.