Rothschild Investment LLC Has $557,000 Stock Position in NetApp, Inc. $NTAP

Rothschild Investment LLC lifted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,230 shares of the data storage provider’s stock after purchasing an additional 1,439 shares during the period. Rothschild Investment LLC’s holdings in NetApp were worth $557,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Boston Partners raised its position in NetApp by 108.9% during the 2nd quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock worth $313,997,000 after purchasing an additional 1,536,339 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of NetApp by 4,687.6% in the first quarter. Pacer Advisors Inc. now owns 1,068,694 shares of the data storage provider’s stock valued at $93,874,000 after buying an additional 1,046,372 shares during the period. Geode Capital Management LLC raised its position in shares of NetApp by 16.8% during the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after acquiring an additional 1,024,626 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of NetApp by 1,230.3% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,007,591 shares of the data storage provider’s stock worth $107,359,000 after acquiring an additional 931,850 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of NetApp by 2.3% in the first quarter. Vanguard Group Inc. now owns 27,041,930 shares of the data storage provider’s stock worth $2,375,363,000 after acquiring an additional 597,956 shares during the period. Institutional investors own 92.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley set a $117.00 target price on shares of NetApp in a research report on Thursday, August 28th. Wedbush reiterated a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NetApp in a research note on Wednesday, October 8th. Barclays upped their price target on shares of NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Finally, Oppenheimer started coverage on NetApp in a research report on Monday. They issued a “market perform” rating for the company. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $122.07.

Insider Buying and Selling at NetApp

In other news, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $119.00, for a total value of $119,000.00. Following the completion of the transaction, the executive vice president owned 22,628 shares in the company, valued at approximately $2,692,732. This represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,529 shares of company stock valued at $1,413,069. Company insiders own 0.28% of the company’s stock.

NetApp Trading Down 0.4%

NTAP opened at $106.40 on Wednesday. The company has a fifty day moving average price of $118.06 and a two-hundred day moving average price of $109.67. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $135.45. The company has a market cap of $21.24 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. 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 released its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). The company 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%.NetApp’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.56 EPS. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. Analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Friday, October 3rd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s dividend payout ratio (DPR) is 36.75%.

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.