Eurizon Capital SGR S.p.A. Invests $43.18 Million in NetApp, Inc. $NTAP

Eurizon Capital SGR S.p.A. acquired a new stake in NetApp, Inc. (NASDAQ:NTAP) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 403,102 shares of the data storage provider’s stock, valued at approximately $43,175,000.

A number of other large investors also recently bought and sold shares of the company. Caliber Wealth Management LLC KS lifted its holdings in NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock worth $249,000 after buying an additional 100 shares during the last quarter. Park Square Financial Group LLC lifted its holdings in NetApp by 68.7% during the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after buying an additional 103 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in NetApp by 2.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock worth $655,000 after buying an additional 106 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in NetApp by 5.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,953 shares of the data storage provider’s stock worth $209,000 after buying an additional 107 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in NetApp by 0.9% during the 4th quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider’s stock worth $1,345,000 after buying an additional 108 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Bank of America increased their target price on NetApp from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday. Northland Securities upped their target price on NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday. Susquehanna upped their target price on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen lowered NetApp from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Finally, Morgan Stanley upped their target price on NetApp from $88.00 to $137.00 and gave the company an “underweight” rating in a report on Friday. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NetApp currently has a consensus rating of “Hold” and a consensus target price of $157.50.

Insider Buying and Selling

In other NetApp news, CAO Lorenzo Daniel De sold 275 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $120.00, for a total value of $33,000.00. Following the transaction, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $130,800. This represents a 20.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 18,382 shares in the company, valued at $2,164,112.86. This represents a 5.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,275 shares of company stock valued at $347,650 over the last 90 days. 0.28% of the stock is currently owned by insiders.

Key Stories Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp reported fiscal Q4 revenue of $1.95 billion, topping estimates and rising 12.5% year over year, while non-GAAP EPS came in at $2.43, also above expectations. NetApp Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management issued FY2027 guidance above Wall Street estimates, pointing to revenue of about $7.3 billion-$7.6 billion and EPS of $8.70-$9.00, which supports optimism for continued growth and margin expansion. Why NetApp Stock Soared 35% Friday Morning
• Positive Sentiment: Analysts sharply lifted price targets after the report, including JPMorgan, Bank of America, Citigroup, Wedbush, Susquehanna, Northland, and Wells Fargo, signaling that the earnings beat may lead to higher estimates even if several firms kept neutral or hold-type ratings. Analyst price target updates
• Positive Sentiment: NetApp also announced a quarterly dividend and a new $1 billion share repurchase program, adding to shareholder returns and potentially supporting the stock. NetApp Announces New $1 Billion Share Repurchase Program

NetApp Stock Performance

NTAP opened at $174.29 on Friday. The company has a market capitalization of $34.39 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.18 and a beta of 1.28. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. NetApp, Inc. has a 1-year low of $93.69 and a 1-year high of $192.83. The business has a 50 day moving average price of $112.46 and a two-hundred day moving average price of $107.95.

NetApp (NASDAQ:NTAP) last released its earnings results on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. NetApp had a return on equity of 126.01% and a net margin of 18.43%.The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the company earned $1.93 earnings per share. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Research analysts predict that NetApp, Inc. will post 7.14 EPS for the current fiscal year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Friday, July 10th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, July 10th. NetApp’s dividend payout ratio is 32.70%.

NetApp 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.