Oxford Asset Management LLP Has $368,000 Holdings in NetApp, Inc. (NASDAQ:NTAP)

Oxford Asset Management LLP lessened its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 39.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,170 shares of the data storage provider’s stock after selling 2,087 shares during the quarter. Oxford Asset Management LLP’s holdings in NetApp were worth $368,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Barclays PLC increased its stake in NetApp by 31.4% in the 3rd quarter. Barclays PLC now owns 784,339 shares of the data storage provider’s stock valued at $96,873,000 after buying an additional 187,638 shares during the period. World Investment Advisors LLC increased its stake in shares of NetApp by 6.1% in the third quarter. World Investment Advisors LLC now owns 7,998 shares of the data storage provider’s stock worth $988,000 after acquiring an additional 459 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NetApp during the third quarter worth $160,000. Tidal Investments LLC boosted its position in NetApp by 343.1% during the third quarter. Tidal Investments LLC now owns 227,933 shares of the data storage provider’s stock valued at $28,152,000 after purchasing an additional 176,495 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in NetApp by 19.6% in the third quarter. Franklin Resources Inc. now owns 433,616 shares of the data storage provider’s stock valued at $55,009,000 after purchasing an additional 71,165 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $88.45 on Friday. The company has a market cap of $17.99 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 2.45 and a beta of 1.31. The business has a 50 day moving average price of $92.87 and a 200 day moving average price of $111.41. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.35%. NetApp’s dividend payout ratio is 38.52%.

Wall Street Analysts Forecast Growth

NTAP has been the subject of a number of recent research reports. Wedbush reaffirmed a “neutral” rating and set a $110.00 price target (down from $120.00) on shares of NetApp in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price objective on shares of NetApp from $153.00 to $113.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. StockNews.com downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Loop Capital cut their price target on shares of NetApp from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, TD Cowen reduced their price objective on shares of NetApp from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.07.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 452 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $120.75, for a total value of $54,579.00. Following the completion of the sale, the executive vice president now directly owns 11,553 shares of the company’s stock, valued at $1,395,024.75. This represents a 3.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anders Gustafsson acquired 2,800 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were bought at an average price of $91.00 per share, for a total transaction of $254,800.00. Following the acquisition, the director now owns 6,348 shares in the company, valued at approximately $577,668. This trade represents a 78.92 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 50,176 shares of company stock worth $5,095,701. Insiders own 0.47% of the company’s stock.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.