3,152 Shares of NetApp, Inc. $NTAP Purchased by Private Client Services LLC

Private Client Services LLC acquired a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) in the third quarter, Holdings Channel reports. The fund acquired 3,152 shares of the data storage provider’s stock, valued at approximately $662,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake in NetApp by 46.1% in the 3rd quarter. Versant Capital Management Inc now owns 2,111 shares of the data storage provider’s stock worth $443,000 after purchasing an additional 666 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of NetApp by 11.2% in the second quarter. QRG Capital Management Inc. now owns 12,480 shares of the data storage provider’s stock valued at $1,931,000 after purchasing an additional 1,261 shares in the last quarter. Andra AP fonden lifted its holdings in shares of NetApp by 168.2% in the second quarter. Andra AP fonden now owns 106,363 shares of the data storage provider’s stock valued at $16,461,000 after purchasing an additional 66,711 shares in the last quarter. National Pension Service boosted its position in shares of NetApp by 145.1% in the second quarter. National Pension Service now owns 539,405 shares of the data storage provider’s stock worth $83,478,000 after buying an additional 319,332 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of NetApp by 165.3% in the second quarter. WINTON GROUP Ltd now owns 11,300 shares of the data storage provider’s stock worth $1,749,000 after buying an additional 7,041 shares during the period. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NetApp news, Director Deepak Ahuja sold 3,526 shares of NetApp stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $194.04, for a total value of $684,185.04. Following the completion of the sale, the director directly owned 16,264 shares in the company, valued at $3,155,866.56. The trade was a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Nevens sold 5,940 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $195.21, for a total transaction of $1,159,547.40. Following the completion of the sale, the director directly owned 7,747 shares of the company’s stock, valued at $1,512,291.87. This represents a 43.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 158,524 shares of company stock valued at $31,769,076. 0.36% of the stock is currently owned by company insiders.

Key Headlines Impacting NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp introduced Novus, an AI-factory storage architecture designed to deliver up to 100 terabytes per second of aggregate throughput and improve GPU utilization. The announcement strengthens the company’s positioning in large-scale AI workloads. NetApp introduces new architecture for AI factories
• Positive Sentiment: New collaborations with Supermicro and Oracle are broadening NetApp’s AI and cloud ecosystem. The planned Oracle Cloud Infrastructure-native managed storage service will use ONTAP capabilities to support enterprise and AI workloads, while the Supermicro relationship targets enterprise, neocloud and sovereign-AI deployments. NetApp AI infrastructure and cloud partnership expansion
• Positive Sentiment: NetApp’s latest quarter exceeded expectations, with revenue rising nearly 30% year over year to about $2.03 billion and EPS reaching $2.58 versus a $2.12 consensus estimate. Management also raised fiscal 2027 guidance to $7.975 billion–$8.225 billion in revenue and $9.73–$10.03 in non-GAAP EPS.
• Positive Sentiment: Bank of America raised its price target after the INSIGHT event, arguing that NetApp’s AI opportunity could support faster growth. Zacks also upgraded the stock to a Strong Buy, adding to bullish momentum. Bank of America raises NetApp target
• Neutral Sentiment: Analyst opinions remain mixed, with a consensus “Hold” rating and several targets below the current market level, raising questions about near-term upside after the strong rally.
• Negative Sentiment: CEO George Kurian sold 50,000 shares for approximately $10.5 million in a disclosed, preplanned transaction. The sale reduces his ownership and follows additional insider selling, though its planned nature limits the bearish signal. NetApp CEO share sale

NetApp Stock Up 6.9%

Shares of NASDAQ:NTAP traded up $14.76 during midday trading on Friday, hitting $229.81. 2,078,741 shares of the stock were exchanged, compared to its average volume of 2,678,648. The company has a market capitalization of $45.14 billion, a PE ratio of 32.47, a P/E/G ratio of 2.26 and a beta of 1.46. NetApp, Inc. has a 52-week low of $93.69 and a 52-week high of $230.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.16 and a current ratio of 1.24. The business’s fifty day simple moving average is $191.52 and its two-hundred day simple moving average is $154.03.

NetApp (NASDAQ:NTAP) last issued its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $1.15 EPS. The business’s revenue was up 29.9% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, research analysts predict that NetApp, Inc. will post 8.32 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be issued a $0.52 dividend. The ex-dividend date is Friday, October 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.9%. NetApp’s dividend payout ratio is currently 29.34%.

Analyst Ratings Changes

Several research analysts recently weighed in on NTAP shares. Northland Securities upped their price target on NetApp from $171.00 to $187.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Argus set a $225.00 price objective on NetApp in a research report on Friday, September 11th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $210.00 target price on shares of NetApp in a research note on Thursday, September 3rd. Citigroup dropped their target price on NetApp from $209.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, September 3rd. Finally, Wells Fargo & Company increased their price target on shares of NetApp from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $194.86.

NetApp Profile

NetApp, Inc develops intelligent data infrastructure and data management solutions for enterprises, service providers, and government organizations. The company helps customers store, manage, protect, and access data across on-premises environments, private clouds, public clouds, and hybrid multicloud infrastructures.

Its portfolio includes enterprise storage systems, all-flash arrays, cloud-connected storage, object storage, and data management software. NetApp’s offerings include the ONTAP data management operating system, AFF and ASA storage systems, StorageGRID object storage, and BlueXP, a platform designed to help customers manage data and storage resources across multiple environments.