NetApp, Inc. $NTAP Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 31.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,169 shares of the data storage provider’s stock after selling 68,739 shares during the period. Voya Investment Management LLC’s holdings in NetApp were worth $17,552,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Harbour Investments Inc. boosted its holdings in NetApp by 287.9% in the second quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 190 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of NetApp in the 2nd quarter valued at approximately $28,000. 1248 Management LLC purchased a new position in shares of NetApp during the 1st quarter valued at approximately $25,000. CVA Family Office LLC boosted its stake in shares of NetApp by 300.0% during the 2nd quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock valued at $31,000 after buying an additional 219 shares during the last quarter. Finally, SouthState Corp grew its position in shares of NetApp by 434.5% during the second quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock worth $31,000 after buying an additional 239 shares in the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $111.90 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52. The firm’s 50-day moving average price is $114.00 and its two-hundred day moving average price is $111.97. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $127.78. The stock has a market capitalization of $22.16 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.47 and a beta of 1.42.

NetApp (NASDAQ:NTAP) last posted its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, beating the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the company earned $1.87 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. As a group, sell-side analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. NetApp’s payout ratio is 36.17%.

Insider Activity

In other news, CAO Lorenzo Daniel De sold 779 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $121.87, for a total transaction of $94,936.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $119.00, for a total transaction of $119,000.00. Following the transaction, the executive vice president directly owned 22,628 shares of the company’s stock, valued at $2,692,732. The trade was a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,433 shares of company stock valued at $284,229 in the last 90 days. Insiders own 0.28% of the company’s stock.

Key NetApp News

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks raised near-term 2026 estimates — they lifted FY2026 to $6.37 from $6.15 and bumped Q3 2026 to $1.67 (from $1.64) and Q4 2026 to $1.84 (from $1.79). This signals stronger-than-expected performance in the current fiscal year, which supports NTAP’s near-term valuation. Zacks Research note (12/16)
• Positive Sentiment: Zacks modestly raised Q4 2027 to $1.92 (from $1.89), a small tailwind for late‑year 2027 assumptions. Zacks Research note (12/16)
• Negative Sentiment: Material downward revisions for FY2028 — Zacks cut FY2028 to $7.42 from $7.87. A lower long‑range earnings profile can reduce forward multiples and investor confidence if other firms follow suit. Zacks Research note (12/16)
• Negative Sentiment: Multiple 2027 quarter cuts: Q1 2027 down to $1.42 (from $1.45), Q2 2027 to $1.69 (from $1.71), and a notable Q3 2027 cut to $1.66 (from $1.78). Those bumps-down, especially Q3, suggest Zacks expects weaker mid‑2027 earnings momentum. Zacks Research note (12/16)
• Negative Sentiment: Small cuts to early‑2028 quarters (Q1 2028 to $1.69 and Q2 2028 to $1.85) reinforce the downward tweak to FY2028 and highlight caution about growth beyond FY2026. Zacks Research note (12/16)

Analyst Ratings Changes

Several analysts recently issued reports on NTAP shares. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Wedbush reaffirmed a “neutral” rating and set a $110.00 price target on shares of NetApp in a research report on Friday, October 10th. UBS Group boosted their price objective on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. William Blair restated a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. Finally, Wells Fargo & Company lifted their target price on NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NetApp has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.