Vanguard Personalized Indexing Management LLC Purchases 20,259 Shares of NetApp, Inc. $NTAP

Vanguard Personalized Indexing Management LLC boosted its position in NetApp, Inc. (NASDAQ:NTAP) by 82.2% during the second quarter, HoldingsChannel.com reports. The fund owned 44,891 shares of the data storage provider’s stock after buying an additional 20,259 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in NetApp were worth $4,783,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Manchester Capital Management LLC increased its stake in NetApp by 375.0% in the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock valued at $25,000 after acquiring an additional 225 shares during the last quarter. 1248 Management LLC bought a new position in NetApp in the first quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new position in NetApp in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in NetApp by 54.9% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after acquiring an additional 124 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in NetApp in the first quarter valued at approximately $36,000. 92.17% of the stock is owned by institutional investors.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $118.86 on Tuesday. The firm has a market cap of $23.73 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45. The firm’s fifty day moving average is $116.12 and its 200-day moving average is $103.93. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.28 and a current ratio of 1.31. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $135.45.

NetApp (NASDAQ:NTAP) last released its earnings results on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.35). The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.54 billion. NetApp had a net margin of 17.77% and a return on equity of 123.24%. NetApp’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Sell-side analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a $0.52 dividend. The ex-dividend date is Friday, October 3rd. This represents a $2.08 annualized dividend and a yield of 1.7%. NetApp’s payout ratio is presently 36.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley set a $117.00 price objective on shares of NetApp in a research note on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of NetApp from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Argus reaffirmed a “buy” rating and set a $130.00 target price on shares of NetApp in a research note on Friday, August 29th. Northland Securities boosted their target price on shares of NetApp from $119.00 to $120.00 and gave the stock a “market perform” rating in a research note on Thursday, August 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $110.00 target price on shares of NetApp in a research note on Friday. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, NetApp presently has a consensus rating of “Hold” and an average target price of $121.40.

Insider Activity at NetApp

In other NetApp news, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total value 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 approximately $33,792,629.58. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $123.67, for a total transaction of $123,670.00. Following the completion of the sale, the executive vice president directly owned 23,628 shares of the company’s stock, valued at approximately $2,922,074.76. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,529 shares of company stock worth $3,243,874 over the last quarter. Company insiders own 0.28% of the company’s stock.

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.