WINTON GROUP Ltd Has $1.22 Million Stake in NetApp, Inc. $NTAP

WINTON GROUP Ltd reduced its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 81.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,262 shares of the data storage provider’s stock after selling 46,535 shares during the quarter. WINTON GROUP Ltd’s holdings in NetApp were worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in NetApp during the 3rd quarter valued at about $27,000. Rossby Financial LCC increased its holdings in shares of NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after buying an additional 115 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of NetApp in the second quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in NetApp during the 2nd quarter worth approximately $56,000. Finally, Richardson Financial Services Inc. increased its holdings in NetApp by 49.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 484 shares of the data storage provider’s stock valued at $57,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Trading Up 0.7%

Shares of NTAP opened at $97.58 on Thursday. The stock’s fifty day simple moving average is $101.55 and its 200-day simple moving average is $110.76. The firm has a market capitalization of $19.26 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 3.00 and a beta of 1.39. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $126.66. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15.

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

NetApp Announces Dividend

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

Insider Buying and Selling at NetApp

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup increased their target price on NetApp from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of NetApp in a research report on Wednesday, February 25th. Oppenheimer reissued a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Wells Fargo & Company raised their price objective on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research report on Wednesday, November 26th. Finally, 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 research report on Wednesday, November 26th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $122.42.

About NetApp

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.