EntryPoint Capital LLC Buys 2,652 Shares of NetApp, Inc. $NTAP

EntryPoint Capital LLC boosted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 107.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,127 shares of the data storage provider’s stock after acquiring an additional 2,652 shares during the quarter. EntryPoint Capital LLC’s holdings in NetApp were worth $450,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its stake in shares of NetApp by 50.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 300 shares of the data storage provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems boosted its stake in shares of NetApp by 0.3% during the fourth quarter. Utah Retirement Systems now owns 34,152 shares of the data storage provider’s stock valued at $3,964,000 after purchasing an additional 100 shares in the last quarter. Horizon Investments LLC boosted its stake in shares of NetApp by 3.8% during the first quarter. Horizon Investments LLC now owns 2,919 shares of the data storage provider’s stock valued at $255,000 after purchasing an additional 107 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of NetApp by 3.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,197 shares of the data storage provider’s stock valued at $371,000 after purchasing an additional 117 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of NetApp by 54.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 124 shares in the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Lorenzo Daniel De sold 302 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $98.77, for a total transaction of $29,828.54. Following the completion of the sale, the chief accounting officer owned 455 shares in the company, valued at approximately $44,940.35. This represents a 39.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $108.85, for a total value of $925,225.00. Following the sale, the chief executive officer owned 283,688 shares of the company’s stock, valued at $30,879,438.80. This trade represents a 2.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,802 shares of company stock worth $2,951,604 over the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NTAP. Evercore ISI cut their price target on NetApp from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Monday, April 28th. Barclays lifted their price target on NetApp from $115.00 to $117.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Morgan Stanley reissued a “cautious” rating on shares of NetApp in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lifted their price objective on NetApp from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of NetApp in a research note on Friday, May 30th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NetApp presently has an average rating of “Hold” and an average price target of $119.21.

NetApp Price Performance

NetApp stock opened at $108.42 on Thursday. The firm has a market cap of $21.72 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.51 and a beta of 1.44. The stock’s 50 day moving average is $105.53 and its 200 day moving average is $100.70. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.25 and a quick ratio of 1.22. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, May 29th. The data storage provider reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.72 billion. NetApp had a return on equity of 126.96% and a net margin of 18.05%.The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. As a group, research analysts expect that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, July 3rd. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. NetApp’s payout ratio is currently 36.62%.

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.