8,858 Shares in NetApp, Inc. (NASDAQ:NTAP) Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in shares of NetApp, Inc. (NASDAQ:NTAPFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,858 shares of the data storage provider’s stock, valued at approximately $672,000.

Several other large investors also recently bought and sold shares of NTAP. Nomura Asset Management Co. Ltd. lifted its stake in NetApp by 2.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 86,556 shares of the data storage provider’s stock valued at $6,568,000 after acquiring an additional 1,875 shares during the period. Genus Capital Management Inc. acquired a new position in shares of NetApp in the 2nd quarter valued at $338,000. State Street Corp lifted its stake in shares of NetApp by 2.2% in the 2nd quarter. State Street Corp now owns 9,321,206 shares of the data storage provider’s stock valued at $712,140,000 after purchasing an additional 201,316 shares during the period. Beutel Goodman & Co Ltd. lifted its stake in shares of NetApp by 2.2% in the 2nd quarter. Beutel Goodman & Co Ltd. now owns 4,378,304 shares of the data storage provider’s stock valued at $334,502,000 after purchasing an additional 94,320 shares during the period. Finally, Comerica Bank acquired a new position in shares of NetApp in the 2nd quarter valued at $364,170,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

NTAP has been the subject of several analyst reports. Stifel Nicolaus boosted their target price on shares of NetApp from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. Northland Securities cut shares of NetApp from an “outperform” rating to a “market perform” rating and set a $100.00 target price for the company. in a research note on Wednesday, November 29th. JPMorgan Chase & Co. cut shares of NetApp from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $89.00 to $87.00 in a research note on Monday, January 8th. Wells Fargo & Company boosted their target price on shares of NetApp from $72.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 29th. Finally, StockNews.com cut shares of NetApp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.50.

View Our Latest Analysis on NTAP

Insider Activity at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 871 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $86.27, for a total transaction of $75,141.17. Following the completion of the transaction, the executive vice president now owns 10,856 shares of the company’s stock, valued at $936,547.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other NetApp news, CFO Michael J. Berry sold 7,500 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $85.82, for a total transaction of $643,650.00. Following the completion of the transaction, the chief financial officer now owns 165,422 shares of the company’s stock, valued at $14,196,516.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 871 shares of the stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $86.27, for a total transaction of $75,141.17. Following the transaction, the executive vice president now directly owns 10,856 shares of the company’s stock, valued at approximately $936,547.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,242 shares of company stock valued at $796,746. 0.37% of the stock is owned by company insiders.

NetApp Price Performance

NetApp stock opened at $89.85 on Monday. NetApp, Inc. has a 52-week low of $59.73 and a 52-week high of $91.78. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.11 and a beta of 1.28. The company has a fifty day simple moving average of $88.13 and a 200-day simple moving average of $80.84. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 2.59.

NetApp (NASDAQ:NTAPGet Free Report) last released its earnings results on Tuesday, November 28th. The data storage provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.19. NetApp had a net margin of 11.34% and a return on equity of 94.77%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts anticipate that NetApp, Inc. will post 4.85 EPS for the current fiscal year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 24th. Investors of record on Friday, January 5th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, January 4th. NetApp’s dividend payout ratio is currently 62.11%.

NetApp Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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