NetApp, Inc. $NTAP Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd boosted its stake in NetApp, Inc. (NASDAQ:NTAP) by 165.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,300 shares of the data storage provider’s stock after acquiring an additional 7,041 shares during the period. WINTON GROUP Ltd’s holdings in NetApp were worth $1,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in NTAP. Park Square Financial Group LLC raised its stake in shares of NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares in the last quarter. Gen Wealth Partners Inc bought a new position in shares of NetApp during the fourth quarter worth about $30,000. DV Equities LLC acquired a new position in NetApp in the fourth quarter worth about $30,000. Roble Belko & Company Inc acquired a new position in NetApp in the first quarter worth about $31,000. Finally, Elyxium Wealth LLC bought a new stake in NetApp in the fourth quarter valued at about $35,000. 92.17% of the stock is currently owned by institutional investors.

Key Stories Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks upgraded NetApp to “Strong Buy” from “Hold,” adding to the stock’s positive momentum and likely providing a near-term catalyst for investors.
• Positive Sentiment: NetApp’s inclusion on Zacks’ list of top momentum stocks reinforces the view that its recent operating performance and share-price trend remain favorable. Best Momentum Stock to Buy for September 10th
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $8.14 from $7.11 and its FY2028 forecast to $9.15 from $7.85. It also increased estimates for several quarterly periods while maintaining an “Outperform” rating, signaling stronger expectations for demand and profitability.
• Positive Sentiment: Recent results showed substantial earnings and revenue strength: NetApp reported quarterly EPS of $2.58 versus the $2.12 consensus estimate, while revenue of $2.03 billion exceeded the $1.84 billion forecast and grew nearly 30% year over year. The company also raised its product and earnings outlook, supporting optimism around its storage and data-management strategy.
• Positive Sentiment: Shareholders approved NetApp’s governance changes and re-elected the company’s director nominees, including CEO George Kurian. The result removes a potential governance overhang and maintains leadership continuity. NetApp Shareholders Approve Governance Changes and Board Slate
• Neutral Sentiment: Analysts are comparing NetApp with Super Micro Computer as a value investment, but the article does not represent a specific change in NetApp’s outlook. SMCI or NTAP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Northland’s $187 price target remains below NetApp’s recent trading level, suggesting that at least one analyst sees limited near-term upside despite raising earnings estimates.

Wall Street Analyst Weigh In

Several analysts have issued reports on NTAP shares. Wall Street Zen upgraded NetApp from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Wells Fargo & Company lifted their target price on NetApp from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Zacks Research raised NetApp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Barclays upped their price target on NetApp from $199.00 to $219.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NetApp in a report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, NetApp presently has an average rating of “Hold” and a consensus price target of $193.86.

NetApp Stock Performance

Shares of NTAP stock opened at $199.28 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average of $182.09 and a two-hundred day moving average of $143.89. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06. The company has a market cap of $39.14 billion, a P/E ratio of 28.11, a PEG ratio of 1.98 and a beta of 1.44.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.46. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.84 billion. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The business’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Friday, October 9th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, October 9th. NetApp’s dividend payout ratio (DPR) is presently 29.34%.

Insiders Place Their Bets

In related news, President Cesar Cernuda sold 2,608 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $204.48, for a total value of $533,283.84. Following the sale, the president owned 46,530 shares of the company’s stock, valued at $9,514,454.40. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the sale, the executive vice president directly owned 30,297 shares in the company, valued at approximately $5,872,164.54. This trade represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 54,072 shares of company stock worth $8,556,040 over the last quarter. 0.36% of the stock is currently owned by company insiders.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company’s portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.