NetApp, Inc. (NTAP) Shares Bought by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. lifted its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 50.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,983 shares of the data storage provider’s stock after acquiring an additional 8,693 shares during the quarter. Breton Hill Capital Ltd.’s holdings in NetApp were worth $1,137,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in NTAP. Teachers Advisors LLC boosted its stake in shares of NetApp by 3.6% during the 1st quarter. Teachers Advisors LLC now owns 451,826 shares of the data storage provider’s stock worth $18,909,000 after acquiring an additional 15,496 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of NetApp by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 20,741 shares of the data storage provider’s stock worth $831,000 after purchasing an additional 753 shares during the last quarter. Bank of Montreal Can raised its position in shares of NetApp by 6.0% during the 2nd quarter. Bank of Montreal Can now owns 189,736 shares of the data storage provider’s stock worth $7,600,000 after purchasing an additional 10,767 shares during the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of NetApp by 41.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 57,567 shares of the data storage provider’s stock worth $2,305,000 after purchasing an additional 16,887 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of NetApp by 19.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,000 shares of the data storage provider’s stock worth $560,000 after purchasing an additional 2,300 shares during the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.01, for a total transaction of $83,011.76. Following the transaction, the executive vice president now owns 17,812 shares of the company’s stock, valued at $748,282.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurian sold 4,570 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total transaction of $173,568.60. Following the transaction, the chief executive officer now directly owns 23,028 shares in the company, valued at approximately $874,603.44. The disclosure for this sale can be found here. Insiders have sold 44,498 shares of company stock worth $1,911,496 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.
Several research analysts recently issued reports on NTAP shares. Morgan Stanley restated an “underweight” rating on shares of NetApp in a research report on Saturday, September 23rd. DA Davidson restated a “buy” rating and set a $51.00 price objective on shares of NetApp in a research report on Monday, October 2nd. Credit Suisse Group lifted their price objective on NetApp from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded NetApp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, October 4th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of NetApp in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating and fourteen have issued a buy rating to the company. NetApp presently has an average rating of “Hold” and a consensus price target of $45.65.
NetApp, Inc. (NTAP) remained flat at $$46.30 during trading hours on Friday. 170,084 shares of the stock were exchanged, compared to its average volume of 2,916,517. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.27. NetApp, Inc. has a 12-month low of $33.26 and a 12-month high of $47.20. The company has a market capitalization of $12,490.00, a PE ratio of 19.05, a PEG ratio of 1.59 and a beta of 1.16.
NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, August 16th. The data storage provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.55 by $0.07. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. analysts forecast that NetApp, Inc. will post 2.49 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 1.73%. NetApp’s payout ratio is 38.46%.
NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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