Financiere des Professionnels Fonds d investissement inc. Purchases Shares of 3,475 NetApp, Inc. $NTAP

Financiere des Professionnels Fonds d investissement inc. acquired a new position in NetApp, Inc. (NASDAQ:NTAP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,475 shares of the data storage provider’s stock, valued at approximately $356,000.

A number of other large investors have also recently made changes to their positions in the business. Park Square Financial Group LLC lifted its stake in NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after acquiring an additional 103 shares during the period. Gen Wealth Partners Inc bought a new position in NetApp in the 4th quarter worth $30,000. DV Equities LLC bought a new position in NetApp in the 4th quarter worth $30,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of NetApp in the 3rd quarter worth about $35,000. Finally, Roble Belko & Company Inc bought a new stake in shares of NetApp during the 1st quarter valued at about $31,000. 92.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Lorenzo Daniel De sold 275 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $120.00, for a total transaction of $33,000.00. Following the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at approximately $130,800. This represents a 20.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Cesar Cernuda sold 49,464 shares of NetApp stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $154.82, for a total transaction of $7,658,016.48. Following the completion of the transaction, the president directly owned 46,806 shares of the company’s stock, valued at $7,246,504.92. This trade represents a 51.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,964 shares of company stock worth $8,181,642 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

NetApp News Summary

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Goldman Sachs reiterated a Buy rating on NetApp and kept its $200 price target, citing the company’s AI-driven storage capabilities and potential to support emerging “agentic” workloads. Article Title
• Positive Sentiment: Susquehanna reportedly had a largely positive view of NetApp heading into the second half of the year, reinforcing optimism around the stock’s outlook after recent earnings. Article Title
• Positive Sentiment: NetApp’s acquisition of DataPelago was framed as a strategic move to make data AI-ready at the infrastructure layer, potentially strengthening its long-term position in AI and analytics. Article Title
• Neutral Sentiment: Market commentary said NetApp stock is pausing after earnings, with support at the 10-week moving average potentially offering an entry point for investors. Article Title
• Neutral Sentiment: Additional coverage highlighted NetApp as a long-term growth name and noted new trading products tied to the stock, which may be helping keep investor attention elevated. Article Title

NetApp Price Performance

Shares of NASDAQ NTAP opened at $163.88 on Friday. The company has a 50 day simple moving average of $153.28 and a two-hundred day simple moving average of $120.54. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $192.83. The company has a market capitalization of $32.11 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.92 and a beta of 1.46. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.39 and a current ratio of 1.44.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. NetApp had a net margin of 18.43% and a return on equity of 117.23%. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. Analysts expect that NetApp, Inc. will post 7.16 EPS for the current fiscal year.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 10th. NetApp’s payout ratio is currently 32.70%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NTAP shares. Weiss Ratings raised shares of NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Argus lifted their price objective on NetApp from $130.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Wells Fargo & Company upped their target price on NetApp from $115.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, May 29th. Northland Securities raised their target price on NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Morgan Stanley lifted their price target on NetApp from $88.00 to $137.00 and gave the company an “underweight” rating in a research report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $169.33.

NetApp 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.