NetApp, Inc. $NTAP Shares Bought by Vest Financial LLC

Vest Financial LLC increased its stake in NetApp, Inc. (NASDAQ:NTAP) by 31.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,630 shares of the data storage provider’s stock after acquiring an additional 8,107 shares during the period. Vest Financial LLC’s holdings in NetApp were worth $3,984,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Harbour Investments Inc. increased its holdings in shares of NetApp by 287.9% during the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after buying an additional 190 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in NetApp in the second quarter valued at $28,000. CVA Family Office LLC grew its position in NetApp by 300.0% during the second quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 219 shares during the period. SouthState Corp grew its position in NetApp by 434.5% during the second quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 239 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in NetApp during the second quarter worth about $34,000. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Lorenzo Daniel De sold 327 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $107.48, for a total value of $35,145.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $105.49, for a total transaction of $105,490.00. Following the transaction, the executive vice president directly owned 21,075 shares of the company’s stock, valued at approximately $2,223,201.75. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,654 shares of company stock valued at $175,782. Insiders own 0.28% of the company’s stock.

NetApp Stock Performance

NetApp stock opened at $99.25 on Friday. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $127.78. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. The firm’s fifty day moving average price is $109.22 and its 200 day moving average price is $112.11.

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

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. NetApp’s dividend payout ratio (DPR) is presently 36.17%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup decreased their target price on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NetApp in a research note on Wednesday, October 8th. Wells Fargo & Company raised their target price on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. Finally, Wedbush restated a “neutral” rating and set a $110.00 target price on shares of NetApp in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $124.33.

NetApp Company Profile

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.