SPX Gestao de Recursos Ltda Invests $663,000 in NetApp, Inc. $NTAP

SPX Gestao de Recursos Ltda bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,600 shares of the data storage provider’s stock, valued at approximately $663,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of NetApp by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,091,817 shares of the data storage provider’s stock valued at $247,795,000 after buying an additional 13,195 shares in the last quarter. Cresset Asset Management LLC raised its stake in NetApp by 3.7% during the 3rd quarter. Cresset Asset Management LLC now owns 13,666 shares of the data storage provider’s stock worth $1,619,000 after acquiring an additional 490 shares during the period. Focus Partners Advisor Solutions LLC lifted its holdings in NetApp by 35.4% during the third quarter. Focus Partners Advisor Solutions LLC now owns 6,876 shares of the data storage provider’s stock valued at $788,000 after purchasing an additional 1,799 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in NetApp by 3.0% during the third quarter. Kingsview Wealth Management LLC now owns 6,184 shares of the data storage provider’s stock valued at $733,000 after purchasing an additional 180 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co boosted its position in shares of NetApp by 36.6% in the third quarter. Elo Mutual Pension Insurance Co now owns 26,555 shares of the data storage provider’s stock worth $3,146,000 after purchasing an additional 7,113 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NTAP. The Goldman Sachs Group started coverage on shares of NetApp in a research report on Tuesday, January 13th. They set a “buy” rating and a $128.00 price objective on the stock. Bank of America upped their target price on shares of NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Wells Fargo & Company raised their price target on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. Weiss Ratings upgraded NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price objective on shares of NetApp in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NetApp has a consensus rating of “Moderate Buy” and a consensus price target of $122.42.

Insider Activity

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at approximately $2,076,758.75. This trade represents a 4.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

NetApp Price Performance

NASDAQ:NTAP opened at $101.06 on Friday. The business’s 50-day moving average is $102.15 and its 200 day moving average is $110.97. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66. The company has a market capitalization of $19.94 billion, a P/E ratio of 16.90, a P/E/G ratio of 3.17 and a beta of 1.39. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15.

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

NetApp Dividend Announcement

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

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.