Vise Technologies Inc. Takes $916,000 Position in NetApp, Inc. $NTAP

Vise Technologies Inc. purchased a new stake in NetApp, Inc. (NASDAQ:NTAP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,593 shares of the data storage provider’s stock, valued at approximately $916,000.

A number of other large investors also recently modified their holdings of the business. Burns Matteson Capital Management LLC acquired a new stake in NetApp during the 1st quarter valued at $321,000. Citizens Financial Group Inc. RI raised its position in shares of NetApp by 6.5% in the first quarter. Citizens Financial Group Inc. RI now owns 60,457 shares of the data storage provider’s stock valued at $5,311,000 after purchasing an additional 3,704 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in shares of NetApp by 17.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 814,697 shares of the data storage provider’s stock worth $71,563,000 after buying an additional 122,784 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of NetApp by 119.3% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 5,869 shares of the data storage provider’s stock worth $516,000 after buying an additional 3,193 shares during the period. Finally, Aurora Investment Counsel acquired a new position in NetApp in the 2nd quarter valued at about $2,337,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Northland Securities boosted their price objective on NetApp from $119.00 to $120.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Morgan Stanley set a $117.00 price objective on NetApp in a research report on Thursday, August 28th. JPMorgan Chase & Co. upped their price target on shares of NetApp from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. William Blair reissued a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Finally, Bank of America raised their target price on shares of NetApp from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Seven investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $122.07.

NetApp Price Performance

NTAP stock opened at $109.60 on Friday. The company has a market capitalization of $21.88 billion, a P/E ratio of 19.36, a PEG ratio of 2.48 and a beta of 1.46. The company has a fifty day moving average price of $118.87 and a 200-day moving average price of $109.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $135.45.

NetApp (NASDAQ:NTAP) last released its earnings results 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). NetApp had a net margin of 17.77% and a return on equity of 123.24%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company posted $1.56 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. As a group, equities analysts expect that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s dividend payout ratio is 36.75%.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total transaction of $123,670.00. Following the completion of the transaction, the executive vice president owned 23,628 shares in the company, valued at approximately $2,922,074.76. The trade was a 4.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Lorenzo Daniel De sold 779 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 20,029 shares of company stock worth $2,338,294. Corporate insiders own 0.28% of the company’s stock.

NetApp Company Profile

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.