12,200 Shares in NetApp, Inc. $NTAP Purchased by Pensionfund Sabic

Pensionfund Sabic purchased a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,200 shares of the data storage provider’s stock, valued at approximately $1,306,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of NetApp by 17.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider’s stock worth $582,296,000 after purchasing an additional 718,409 shares during the last quarter. Boston Partners lifted its stake in NetApp by 12.6% in the third quarter. Boston Partners now owns 3,317,605 shares of the data storage provider’s stock valued at $393,027,000 after purchasing an additional 370,405 shares during the last quarter. Northern Trust Corp lifted its stake in NetApp by 1.0% in the third quarter. Northern Trust Corp now owns 2,903,077 shares of the data storage provider’s stock valued at $343,899,000 after purchasing an additional 29,871 shares during the last quarter. Norges Bank bought a new position in NetApp during the second quarter valued at $281,093,000. Finally, Amundi grew its holdings in NetApp by 8.4% during the second quarter. Amundi now owns 2,362,028 shares of the data storage provider’s stock valued at $237,269,000 after purchasing an additional 182,318 shares during the period. Institutional investors own 92.17% of the company’s stock.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the transaction, the executive vice president directly owned 20,382 shares in the company, valued at $2,051,855.94. This represents a 4.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 3,000 shares of company stock worth $309,610 in the last three months. 0.28% of the stock is owned by insiders.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $104.31 on Wednesday. The company has a 50 day moving average of $100.66 and a 200 day moving average of $109.89. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The stock has a market cap of $20.58 billion, a P/E ratio of 17.44, a P/E/G ratio of 3.14 and a beta of 1.39. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP) last posted its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior 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. As a group, sell-side analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 annualized dividend and a yield of 2.0%. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wells Fargo & Company boosted their target price on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. The Goldman Sachs Group assumed 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. Weiss Ratings lowered NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Oppenheimer restated a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. Finally, Northland Securities set a $137.00 price objective on shares of NetApp and gave the company an “outperform” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, NetApp currently has a consensus rating of “Hold” 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.