Mufg Securities Americas Inc. Acquires 909 Shares of NetApp, Inc. $NTAP

Mufg Securities Americas Inc. boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 25.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,508 shares of the data storage provider’s stock after acquiring an additional 909 shares during the quarter. Mufg Securities Americas Inc.’s holdings in NetApp were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Manchester Capital Management LLC boosted its stake in shares of NetApp by 375.0% during the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock valued at $25,000 after purchasing an additional 225 shares during the period. 1248 Management LLC bought a new stake in NetApp during the 1st quarter valued at about $25,000. Harbour Investments Inc. boosted its position in NetApp by 287.9% in the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock valued at $27,000 after buying an additional 190 shares during the period. Harbor Asset Planning Inc. purchased a new stake in NetApp in the 2nd quarter valued at about $28,000. Finally, CVA Family Office LLC grew its stake in NetApp by 300.0% in the 2nd quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock worth $31,000 after acquiring an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NTAP. Bank of America lifted their price target on shares of NetApp from $121.00 to $125.00 and gave the company a “neutral” rating in a research note on Monday, August 25th. Oppenheimer assumed coverage on NetApp in a report on Monday, November 17th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a research report on Wednesday, October 8th. Citigroup lowered their target price on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, William Blair restated a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. Six research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NetApp has an average rating of “Hold” and a consensus price target of $120.43.

Insider Activity

In other NetApp news, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $107.48, for a total transaction of $35,145.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Friday, October 10th. The shares were 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 directly owned 22,628 shares in the company, valued at $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. Insiders have sold 12,183 shares of company stock valued at $1,483,361 over the last ninety days. 0.28% of the stock is currently owned by insiders.

NetApp Stock Performance

Shares of NetApp stock opened at $108.96 on Tuesday. The company has a market capitalization of $21.75 billion, a PE ratio of 19.25, a P/E/G ratio of 2.48 and a beta of 1.46. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. The company has a 50-day simple moving average of $116.64 and a two-hundred day simple moving average of $110.04. NetApp, Inc. has a one year low of $71.84 and a one year high of $131.30.

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

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. NetApp’s payout ratio is 36.75%.

About NetApp

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.