NetApp, Inc. $NTAP Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 41.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 25,788 shares of the data storage provider’s stock after selling 18,196 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in NetApp were worth $2,792,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new stake in NetApp in the 3rd quarter valued at about $27,000. Rossby Financial LCC raised its position in NetApp by 105.5% in the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock valued at $27,000 after purchasing an additional 115 shares in the last quarter. JFS Wealth Advisors LLC raised its position in NetApp by 176.3% in the 4th quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider’s stock valued at $34,000 after purchasing an additional 201 shares in the last quarter. Torren Management LLC acquired a new stake in NetApp in the 4th quarter valued at about $34,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in NetApp in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Activity at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $117.73, for a total value of $117,730.00. Following the transaction, the executive vice president owned 18,382 shares in the company, valued at approximately $2,164,112.86. This represents a 5.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 3,000 shares of company stock valued at $314,650. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NTAP shares. JPMorgan Chase & Co. lowered NetApp from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $125.00 to $110.00 in a research report on Thursday, April 16th. Citigroup lowered NetApp from a “neutral” rating to a “mixed” rating in a research report on Thursday. Wall Street Zen lowered NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings lowered NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $115.00 price target on shares of NetApp in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $122.64.

NetApp Stock Performance

NTAP opened at $119.93 on Friday. NetApp, Inc. has a one year low of $93.69 and a one year high of $126.66. The company has a market cap of $23.67 billion, a P/E ratio of 20.06, a PEG ratio of 3.40 and a beta of 1.28. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The business’s 50-day simple moving average is $105.21 and its 200-day simple moving average is $106.50.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the business posted $1.91 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, equities research analysts expect that NetApp, Inc. will post 6.48 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were issued a $0.52 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.7%. NetApp’s dividend payout ratio is presently 34.78%.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.