Hantz Financial Services Inc. Has $1.08 Million Position in NetApp, Inc. $NTAP

Hantz Financial Services Inc. increased its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 3,224.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,107 shares of the data storage provider’s stock after acquiring an additional 9,803 shares during the period. Hantz Financial Services Inc.’s holdings in NetApp were worth $1,077,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTAP. Vontobel Holding Ltd. boosted its position in NetApp by 145.2% in the first quarter. Vontobel Holding Ltd. now owns 12,765 shares of the data storage provider’s stock valued at $1,121,000 after buying an additional 7,559 shares in the last quarter. Calamos Advisors LLC boosted its position in NetApp by 1.1% in the first quarter. Calamos Advisors LLC now owns 71,995 shares of the data storage provider’s stock valued at $6,324,000 after buying an additional 802 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in NetApp in the first quarter valued at about $46,000. Olde Wealth Management LLC acquired a new position in NetApp in the first quarter valued at about $29,000. Finally, World Investment Advisors boosted its position in NetApp by 11.0% in the first quarter. World Investment Advisors now owns 14,403 shares of the data storage provider’s stock valued at $1,265,000 after buying an additional 1,427 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO George Kurian sold 8,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the completion of the sale, the chief executive officer directly owned 274,938 shares of the company’s stock, valued at $33,792,629.58. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lorenzo Daniel De sold 779 shares of the business’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $121.87, for a total transaction of $94,936.73. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,029 shares of company stock valued at $2,444,194 over the last ninety days. Insiders own 0.28% of the company’s stock.

NetApp Price Performance

Shares of NTAP stock opened at $117.78 on Friday. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $135.45. The firm’s 50 day moving average is $119.06 and its 200-day moving average is $107.36. The firm has a market capitalization of $23.51 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 2.48 and a beta of 1.45. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.54 billion. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.56 earnings per share. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. Sell-side analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s payout ratio is 36.75%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of NetApp from $108.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Citigroup boosted their price target on shares of NetApp from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Argus reiterated a “buy” rating and set a $130.00 target price on shares of NetApp in a research report on Friday, August 29th. JPMorgan Chase & Co. upped their target price on shares of NetApp from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Finally, Northland Securities upped their target price on shares of NetApp from $119.00 to $120.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $122.40.

NetApp 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.