IFM Investors Pty Ltd acquired a new position in shares of NetApp, Inc. (NASDAQ:NTAP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,656 shares of the data storage provider’s stock, valued at approximately $423,000.

Other hedge funds have also bought and sold shares of the company. Exane Derivatives increased its holdings in NetApp by 59,850.0% during the 3rd quarter. Exane Derivatives now owns 2,398 shares of the data storage provider’s stock worth $105,000 after purchasing an additional 2,394 shares during the last quarter. First Personal Financial Services increased its holdings in NetApp by 27,540.0% during the 3rd quarter. First Personal Financial Services now owns 2,764 shares of the data storage provider’s stock worth $121,000 after purchasing an additional 2,754 shares during the last quarter. Quantbot Technologies LP purchased a new stake in NetApp during the 3rd quarter worth approximately $131,000. Krilogy Financial LLC purchased a new stake in NetApp during the 2nd quarter worth approximately $122,000. Finally, FTB Advisors Inc. increased its holdings in NetApp by 50.2% during the 3rd quarter. FTB Advisors Inc. now owns 4,544 shares of the data storage provider’s stock worth $199,000 after purchasing an additional 1,519 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

In related news, VP Joel D. Reich sold 3,371 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $53.17, for a total transaction of $179,236.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joel D. Reich sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $56.99, for a total value of $854,850.00. Following the transaction, the vice president now owns 441 shares of the company’s stock, valued at approximately $25,132.59. The disclosure for this sale can be found here. Insiders have sold a total of 202,036 shares of company stock valued at $10,171,008 in the last 90 days. Insiders own 0.47% of the company’s stock.

Several equities research analysts have issued reports on the company. Barclays restated an “overweight” rating and set a $56.00 price objective (up from $52.00) on shares of NetApp in a report on Thursday, November 16th. Piper Jaffray Companies restated an “overweight” rating and set a $60.00 price objective on shares of NetApp in a report on Thursday, November 16th. UBS upgraded NetApp from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $45.00 in a report on Tuesday, September 19th. Drexel Hamilton restated a “buy” rating and set a $62.00 price objective (up from $60.00) on shares of NetApp in a report on Friday, August 18th. Finally, BMO Capital Markets restated a “market perform” rating and set a $43.00 price objective on shares of NetApp in a report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the stock. NetApp currently has an average rating of “Hold” and an average price target of $49.39.

NetApp, Inc. (NASDAQ:NTAP) opened at $57.27 on Friday. NetApp, Inc. has a 12-month low of $35.08 and a 12-month high of $58.99. The stock has a market capitalization of $15,415.23, a P/E ratio of 21.72, a P/E/G ratio of 1.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.64 and a current ratio of 1.67.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.12. NetApp had a return on equity of 26.77% and a net margin of 11.49%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. equities analysts forecast that NetApp, Inc. will post 2.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.80 dividend on an annualized basis and a yield of 1.40%. NetApp’s dividend payout ratio is currently 34.33%.

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About NetApp

NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.

Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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