Andra AP fonden Has $84.09 Million Stock Position in NetApp, Inc. $NTAP

Andra AP fonden grew its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 789,164 shares of the data storage provider’s stock after purchasing an additional 80,100 shares during the quarter. NetApp makes up 1.2% of Andra AP fonden’s holdings, making the stock its 6th biggest holding. Andra AP fonden owned approximately 0.39% of NetApp worth $84,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in NetApp by 4,687.6% during the 1st quarter. Pacer Advisors Inc. now owns 1,068,694 shares of the data storage provider’s stock worth $93,874,000 after buying an additional 1,046,372 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake 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 valued at $107,359,000 after acquiring an additional 931,850 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NetApp by 2.3% during 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 purchasing an additional 597,956 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NetApp by 18.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,546,548 shares of the data storage provider’s stock worth $311,529,000 after purchasing an additional 560,218 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in NetApp by 97.7% in the first quarter. Federated Hermes Inc. now owns 1,096,236 shares of the data storage provider’s stock valued at $96,293,000 after purchasing an additional 541,837 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Activity

In related news, CAO Lorenzo Daniel De sold 779 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $121.87, for a total value of $94,936.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurian sold 8,750 shares of NetApp stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the transaction, the chief executive officer owned 274,938 shares of the company’s stock, valued at $33,792,629.58. This represents a 3.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 21,029 shares of company stock worth $2,444,194 in the last three months. Company insiders own 0.28% of the company’s stock.

NetApp Price Performance

NetApp stock opened at $115.69 on Thursday. The stock has a market capitalization of $23.09 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.48 and a beta of 1.45. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $135.45. The stock’s 50 day moving average price is $119.33 and its two-hundred day moving average price is $108.06. 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 (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share 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 company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm earned $1.56 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. On average, equities analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current 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 given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, October 3rd. NetApp’s dividend payout ratio is 36.75%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays lifted their target price on NetApp from $117.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, August 28th. William Blair reiterated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Wedbush reissued a “neutral” rating and set a $110.00 target price on shares of NetApp in a research report on Friday, October 10th. Morgan Stanley set a $117.00 price target on shares of NetApp in a report on Thursday, August 28th. Finally, Citigroup upped their price objective on shares of NetApp from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $122.40.

NetApp Company 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.