NetApp, Inc. $NTAP Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in NetApp, Inc. (NASDAQ:NTAP) by 11.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,396 shares of the data storage provider’s stock after purchasing an additional 6,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NetApp were worth $6,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC increased its holdings in NetApp by 375.0% in the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock valued at $25,000 after buying an additional 225 shares during the last quarter. 1248 Management LLC acquired a new position in shares of NetApp during the 1st quarter worth about $25,000. Harbour Investments Inc. increased its holdings in shares of NetApp by 287.9% in the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 190 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NetApp in the 2nd quarter valued at about $28,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of NetApp during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Stock Performance

NASDAQ NTAP opened at $114.12 on Thursday. The firm has a market cap of $22.78 billion, a P/E ratio of 20.16, a P/E/G ratio of 2.52 and a beta of 1.45. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $135.45. The business’s 50-day moving average price is $118.76 and its 200 day moving average price is $106.89. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. On average, equities research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were given a dividend of $0.52 per share. The ex-dividend date was Friday, October 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.8%. NetApp’s dividend payout ratio is presently 36.75%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NTAP shares. Wedbush reaffirmed a “neutral” rating and issued a $110.00 price target on shares of NetApp in a report on Friday, October 10th. Argus restated a “buy” rating and issued a $130.00 target price on shares of NetApp in a report on Friday, August 29th. William Blair reiterated a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. Northland Securities boosted their price target on shares of NetApp from $119.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, NetApp has an average rating of “Hold” and an average price target of $122.40.

Insiders Place Their Bets

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $123.67, for a total value of $123,670.00. Following the completion of the sale, the executive vice president owned 23,628 shares in the company, valued at approximately $2,922,074.76. This trade represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO George Kurian sold 8,750 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the transaction, the chief executive officer owned 274,938 shares in the company, valued at approximately $33,792,629.58. This trade represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 21,029 shares of company stock worth $2,444,194. 0.28% of the stock is owned by insiders.

About NetApp

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.