NetApp, Inc. $NTAP Shares Purchased by National Pension Service

National Pension Service increased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 145.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 539,405 shares of the data storage provider’s stock after buying an additional 319,332 shares during the quarter. National Pension Service owned about 0.27% of NetApp worth $83,478,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NTAP. WINTON GROUP Ltd boosted its stake in shares of NetApp by 165.3% during the second quarter. WINTON GROUP Ltd now owns 11,300 shares of the data storage provider’s stock worth $1,749,000 after buying an additional 7,041 shares during the period. Engineers Gate Manager LP raised its stake in NetApp by 179.8% during the 2nd quarter. Engineers Gate Manager LP now owns 19,686 shares of the data storage provider’s stock valued at $3,047,000 after acquiring an additional 12,650 shares during the last quarter. Cidel Asset Management Inc. purchased a new stake in NetApp during the 2nd quarter valued at approximately $230,000. SVB Wealth LLC acquired a new stake in NetApp during the 2nd quarter worth approximately $286,000. Finally, NorthRock Partners LLC purchased a new position in shares of NetApp in the 2nd quarter valued at approximately $811,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Transactions at NetApp

In related news, President Cesar Cernuda sold 49,464 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $154.82, for a total transaction of $7,658,016.48. Following the sale, the president owned 46,806 shares of the company’s stock, valued at approximately $7,246,504.92. The trade was a 51.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s 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 transaction, the executive vice president owned 30,297 shares in the company, valued at $5,872,164.54. The trade was a 3.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,072 shares of company stock valued at $8,556,040 in the last quarter. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTAP. Morgan Stanley boosted their target price on NetApp from $173.00 to $191.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Citigroup lowered their price objective on shares of NetApp from $209.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Northland Securities boosted their price objective on shares of NetApp from $171.00 to $187.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Barclays upped their price objective on shares of NetApp from $199.00 to $219.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Finally, Wedbush raised their target price on shares of NetApp from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $193.86.

Key NetApp News

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.

NetApp Stock Up 8.5%

NetApp stock opened at $199.28 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.24 and a quick ratio of 1.16. NetApp, Inc. has a 1-year low of $93.69 and a 1-year high of $209.06. The company has a market cap of $39.14 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44. The stock’s 50 day moving average price is $182.09 and its 200 day moving average price is $143.89.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. NetApp had a return on equity of 119.13% and a net margin of 19.18%.NetApp’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.15 earnings per share. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. On average, sell-side analysts predict that NetApp, Inc. will post 8.32 EPS for the current fiscal year.

NetApp Dividend Announcement

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

NetApp Profile

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.