Capital International Sarl lifted its stake in shares of NetApp Inc. (NASDAQ:NTAP) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,682 shares of the data storage provider’s stock after purchasing an additional 1,712 shares during the quarter. Capital International Sarl’s holdings in NetApp were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Profund Advisors LLC grew its holdings in shares of NetApp by 8.9% during the 4th quarter. Profund Advisors LLC now owns 20,841 shares of the data storage provider’s stock valued at $1,297,000 after purchasing an additional 1,706 shares during the last quarter. Fort Pitt Capital Group LLC grew its holdings in shares of NetApp by 2.6% during the 4th quarter. Fort Pitt Capital Group LLC now owns 470,197 shares of the data storage provider’s stock valued at $29,270,000 after purchasing an additional 12,029 shares during the last quarter. AXA grew its holdings in shares of NetApp by 118.3% during the 4th quarter. AXA now owns 10,569 shares of the data storage provider’s stock valued at $659,000 after purchasing an additional 5,728 shares during the last quarter. Alberta Investment Management Corp bought a new stake in shares of NetApp during the 4th quarter valued at approximately $903,000. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of NetApp by 0.6% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 80,107 shares of the data storage provider’s stock valued at $4,987,000 after purchasing an additional 514 shares during the last quarter. 95.81% of the stock is currently owned by institutional investors.
Shares of NASDAQ NTAP traded up $3.71 during midday trading on Thursday, reaching $41.40. The stock had a trading volume of 1,036,405 shares, compared to its average volume of 3,519,276. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.89 and a beta of 1.61. NetApp Inc. has a twelve month low of $34.66 and a twelve month high of $78.35. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.16 and a current ratio of 1.20. The company’s 50 day moving average price is $47.76 and its 200 day moving average price is $55.62.
NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, February 12th. The data storage provider reported $1.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.18 by ($0.02). NetApp had a return on equity of 123.49% and a net margin of 18.19%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $1.20 EPS. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. Equities analysts forecast that NetApp Inc. will post 3.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.64%. NetApp’s payout ratio is presently 47.76%.
In related news, EVP Henri P. Richard sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $64.20, for a total transaction of $160,500.00. Following the transaction, the executive vice president now owns 143,855 shares in the company, valued at approximately $9,235,491. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.
Several equities research analysts recently issued reports on the stock. Credit Suisse Group decreased their price target on shares of NetApp from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Argus lowered shares of NetApp from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Standpoint Research raised shares of NetApp from a “hold” rating to a “buy” rating in a report on Monday, December 23rd. Oppenheimer reissued a “hold” rating on shares of NetApp in a report on Wednesday, February 12th. Finally, Wells Fargo & Co reduced their target price on shares of NetApp from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.70.
NetApp Company Profile
NetApp, Inc provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud.
Recommended Story: What are economic reports?
Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp Inc. (NASDAQ:NTAP).
Receive News & Ratings for NetApp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetApp and related companies with MarketBeat.com's FREE daily email newsletter.