Tidal Investments LLC Has $8.63 Million Stock Holdings in NetApp, Inc. $NTAP

Tidal Investments LLC decreased its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 14.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 55,794 shares of the data storage provider’s stock after selling 9,107 shares during the period. Tidal Investments LLC’s holdings in NetApp were worth $8,635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. California State Teachers Retirement System lifted its position in NetApp by 15,681.5% during the second quarter. California State Teachers Retirement System now owns 48,620,175 shares of the data storage provider’s stock worth $7,524,458,000 after acquiring an additional 48,312,092 shares during the last quarter. BlackRock Inc. acquired a new position in shares of NetApp in the second quarter valued at approximately $2,925,168,000. Primecap Management Co. CA acquired a new position in shares of NetApp in the second quarter valued at approximately $1,395,423,000. Norges Bank bought a new position in shares of NetApp during the fourth quarter worth approximately $458,060,000. Finally, First Trust Advisors LP increased its stake in shares of NetApp by 127.0% during the first quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock worth $374,549,000 after purchasing an additional 2,046,912 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks upgraded NetApp to “Strong Buy” from “Hold,” adding to the stock’s positive momentum and likely providing a near-term catalyst for investors.
• Positive Sentiment: NetApp’s inclusion on Zacks’ list of top momentum stocks reinforces the view that its recent operating performance and share-price trend remain favorable. Best Momentum Stock to Buy for September 10th
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $8.14 from $7.11 and its FY2028 forecast to $9.15 from $7.85. It also increased estimates for several quarterly periods while maintaining an “Outperform” rating, signaling stronger expectations for demand and profitability.
• Positive Sentiment: Recent results showed substantial earnings and revenue strength: NetApp reported quarterly EPS of $2.58 versus the $2.12 consensus estimate, while revenue of $2.03 billion exceeded the $1.84 billion forecast and grew nearly 30% year over year. The company also raised its product and earnings outlook, supporting optimism around its storage and data-management strategy.
• Positive Sentiment: Shareholders approved NetApp’s governance changes and re-elected the company’s director nominees, including CEO George Kurian. The result removes a potential governance overhang and maintains leadership continuity. NetApp Shareholders Approve Governance Changes and Board Slate
• Neutral Sentiment: Analysts are comparing NetApp with Super Micro Computer as a value investment, but the article does not represent a specific change in NetApp’s outlook. SMCI or NTAP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Northland’s $187 price target remains below NetApp’s recent trading level, suggesting that at least one analyst sees limited near-term upside despite raising earnings estimates.

Analysts Set New Price Targets

Several research firms recently issued reports on NTAP. The Goldman Sachs Group restated a “buy” rating and issued a $210.00 price target on shares of NetApp in a research note on Thursday, September 3rd. Zacks Research raised NetApp from a “hold” rating to a “strong-buy” rating in a report on Wednesday. TD Cowen reissued a “buy” rating and set a $200.00 target price on shares of NetApp in a report on Thursday, September 3rd. Citigroup reduced their target price on shares of NetApp from $209.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, September 3rd. Finally, Morgan Stanley raised their price target on shares of NetApp from $173.00 to $191.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $193.86.

NetApp Trading Up 8.5%

Shares of NTAP stock opened at $199.28 on Friday. The stock has a market cap of $39.14 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The stock has a 50 day simple moving average of $182.09 and a 200 day simple moving average of $143.89.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.46. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The company’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company earned $1.15 EPS. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. On average, research analysts predict that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be given a $0.52 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.0%. NetApp’s dividend payout ratio (DPR) is presently 29.34%.

Insider Activity

In other NetApp news, President Cesar Cernuda sold 49,464 shares of the company’s stock in a transaction on 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 sale, the president directly owned 46,806 shares in the company, valued at $7,246,504.92. This represents a 51.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $193.82, for a total value of $193,820.00. Following the completion of the sale, the executive vice president directly owned 30,297 shares in the company, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 54,072 shares of company stock worth $8,556,040. Insiders own 0.36% of the company’s stock.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company’s portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.