NetApp, Inc. $NTAP Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 22.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,226 shares of the data storage provider’s stock after selling 63,941 shares during the period. Todd Asset Management LLC owned about 0.11% of NetApp worth $25,970,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D lifted its holdings in NetApp by 1.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 67,239 shares of the data storage provider’s stock valued at $7,965,000 after purchasing an additional 1,166 shares in the last quarter. PNC Financial Services Group Inc. raised its position in NetApp by 10.1% in the third quarter. PNC Financial Services Group Inc. now owns 38,531 shares of the data storage provider’s stock valued at $4,564,000 after purchasing an additional 3,529 shares during the period. HighTower Advisors LLC lifted its stake in NetApp by 1.3% during the third quarter. HighTower Advisors LLC now owns 96,269 shares of the data storage provider’s stock worth $11,404,000 after purchasing an additional 1,261 shares in the last quarter. Aberdeen Group plc boosted its position in shares of NetApp by 15.3% during the third quarter. Aberdeen Group plc now owns 192,421 shares of the data storage provider’s stock worth $22,488,000 after buying an additional 25,538 shares during the period. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of NetApp during the third quarter worth $317,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.

NetApp Stock Up 4.3%

Shares of NASDAQ NTAP opened at $102.42 on Monday. The firm’s 50-day moving average is $105.94 and its two-hundred day moving average is $111.57. The company has a market capitalization of $20.29 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.25 and a beta of 1.39. NetApp, Inc. has a 12-month low of $71.84 and a 12-month 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.

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

NetApp Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Northland Securities set a $137.00 price target on NetApp and gave the stock an “outperform” rating in a report on Wednesday, November 26th. The Goldman Sachs Group began coverage on NetApp in a research note on Tuesday, January 13th. They set a “buy” rating and a $128.00 price target for the company. Citigroup decreased their price target on NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Oppenheimer restated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Finally, Barclays lifted their price target on shares of NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, NetApp presently has an average rating of “Moderate Buy” and an average price target of $123.93.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total transaction of $103,450.00. Following the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at $2,076,758.75. This represents a 4.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.28% of the company’s stock.

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.