Securian Asset Management Inc lessened its stake in shares of NetApp Inc. (NASDAQ:NTAP) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,082 shares of the data storage provider’s stock after selling 604 shares during the period. Securian Asset Management Inc’s holdings in NetApp were worth $1,556,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NTAP. Renaissance Technologies LLC boosted its holdings in NetApp by 67.6% during the third quarter. Renaissance Technologies LLC now owns 3,910,776 shares of the data storage provider’s stock worth $335,897,000 after buying an additional 1,577,844 shares in the last quarter. American Century Companies Inc. boosted its holdings in NetApp by 33.9% during the third quarter. American Century Companies Inc. now owns 2,270,452 shares of the data storage provider’s stock worth $195,009,000 after buying an additional 574,247 shares in the last quarter. First Trust Advisors LP boosted its holdings in NetApp by 8.1% during the third quarter. First Trust Advisors LP now owns 2,206,554 shares of the data storage provider’s stock worth $189,521,000 after buying an additional 165,544 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in NetApp by 46.9% during the third quarter. Janus Henderson Group PLC now owns 2,020,797 shares of the data storage provider’s stock worth $173,567,000 after buying an additional 644,997 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in NetApp by 27,092.2% during the third quarter. OppenheimerFunds Inc. now owns 1,909,435 shares of the data storage provider’s stock worth $164,002,000 after buying an additional 1,902,413 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors.

Shares of NTAP opened at $66.00 on Monday. The company has a quick ratio of 1.63, a current ratio of 1.65 and a debt-to-equity ratio of 0.75. NetApp Inc. has a 12-month low of $52.00 and a 12-month high of $88.08. The stock has a market capitalization of $16.62 billion, a P/E ratio of 22.07, a PEG ratio of 1.16 and a beta of 1.34.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Wednesday, November 14th. The data storage provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.07. NetApp had a net margin of 4.70% and a return on equity of 51.50%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. NetApp’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts anticipate that NetApp Inc. will post 4.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 23rd. Investors of record on Friday, January 4th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, January 3rd. NetApp’s dividend payout ratio is currently 53.51%.

A number of research firms have weighed in on NTAP. OTR Global cut shares of NetApp to a “positive” rating in a research report on Friday. BidaskClub upgraded shares of NetApp from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Zacks Investment Research cut shares of NetApp from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Morgan Stanley cut shares of NetApp from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $72.00 to $58.00 in a research report on Tuesday, January 15th. Finally, Wolfe Research began coverage on shares of NetApp in a research report on Tuesday, December 11th. They set an “outperform” rating for the company. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $79.54.

In related news, EVP Henri P. Richard sold 5,050 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $66.01, for a total value of $333,350.50. Following the completion of the sale, the executive vice president now owns 56,707 shares of the company’s stock, valued at $3,743,229.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Henri P. Richard sold 2,525 shares of the stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $69.55, for a total transaction of $175,613.75. The disclosure for this sale can be found here. Insiders sold 17,575 shares of company stock valued at $1,175,564 in the last three months. 0.19% of the stock is currently owned by insiders.

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About NetApp

NetApp, Inc provides software, systems, and services to manage and share date on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud.

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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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