Drucker Wealth 3.0 LLC Takes $494,000 Position in NetApp, Inc. $NTAP

Drucker Wealth 3.0 LLC acquired a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,615 shares of the data storage provider’s stock, valued at approximately $494,000.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in shares of NetApp by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock valued at $51,266,000 after acquiring an additional 20,089 shares during the period. Citigroup Inc. grew its position in shares of NetApp by 216.1% during the 3rd quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock valued at $109,875,000 after acquiring an additional 634,085 shares during the period. National Pension Service grew its position in shares of NetApp by 26.0% during the 3rd quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock valued at $18,868,000 after acquiring an additional 32,833 shares during the period. J. Safra Sarasin Holding AG grew its position in shares of NetApp by 496.7% during the 3rd quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider’s stock valued at $2,152,000 after acquiring an additional 15,123 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its position in shares of NetApp by 515.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 115,757 shares of the data storage provider’s stock valued at $13,713,000 after acquiring an additional 96,937 shares during the period. Institutional investors own 92.17% of the company’s stock.

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the transaction, the executive vice president owned 19,382 shares of the company’s stock, valued at $1,865,517.50. This represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 3,000 shares of company stock worth $300,370. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

NTAP has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Wall Street Zen downgraded shares of NetApp from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Citigroup upped their target price on shares of NetApp from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. downgraded shares of NetApp from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $125.00 to $110.00 in a report on Thursday, April 16th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 target price on shares of NetApp in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, NetApp has a consensus rating of “Hold” and an average price target of $122.64.

NetApp Price Performance

NTAP stock opened at $118.00 on Friday. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The company has a market capitalization of $23.28 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 3.34 and a beta of 1.28. The company’s fifty day moving average price is $102.98 and its 200-day moving average price is $106.38. NetApp, Inc. has a one year low of $93.23 and a one year high of $126.66.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, equities analysts anticipate that NetApp, Inc. will post 6.48 EPS for the current fiscal year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, April 2nd. NetApp’s dividend payout ratio is 34.78%.

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.