International Assets Investment Management LLC Has $288,000 Holdings in NetApp, Inc. (NASDAQ:NTAP)

International Assets Investment Management LLC boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 65,140.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,262 shares of the data storage provider’s stock after buying an additional 3,257 shares during the quarter. International Assets Investment Management LLC’s holdings in NetApp were worth $288,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. AE Wealth Management LLC bought a new stake in shares of NetApp during the third quarter worth approximately $269,000. Oak Thistle LLC bought a new stake in shares of NetApp during the third quarter worth approximately $255,000. Czech National Bank boosted its holdings in shares of NetApp by 45.5% during the third quarter. Czech National Bank now owns 36,846 shares of the data storage provider’s stock worth $2,796,000 after acquiring an additional 11,523 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of NetApp by 7.1% during the third quarter. Asset Management One Co. Ltd. now owns 99,680 shares of the data storage provider’s stock worth $7,564,000 after acquiring an additional 6,600 shares during the period. Finally, Handelsbanken Fonder AB boosted its holdings in shares of NetApp by 2.1% during the third quarter. Handelsbanken Fonder AB now owns 130,849 shares of the data storage provider’s stock worth $9,929,000 after acquiring an additional 2,671 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Activity

In other news, CFO Michael J. Berry sold 7,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $102.75, for a total value of $770,625.00. Following the completion of the transaction, the chief financial officer now directly owns 152,409 shares in the company, valued at approximately $15,660,024.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $103.16, for a total value of $876,860.00. Following the completion of the transaction, the chief executive officer now directly owns 252,702 shares of the company’s stock, valued at approximately $26,068,738.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael J. Berry sold 7,500 shares of NetApp stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $102.75, for a total value of $770,625.00. Following the completion of the transaction, the chief financial officer now directly owns 152,409 shares of the company’s stock, valued at $15,660,024.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,371 shares of company stock worth $4,139,505. Insiders own 0.37% of the company’s stock.

NetApp Trading Up 0.4 %

Shares of NTAP stock opened at $101.33 on Friday. The stock’s fifty day moving average price is $100.21 and its two-hundred day moving average price is $89.36. The company has a market cap of $20.91 billion, a PE ratio of 23.03, a P/E/G ratio of 2.23 and a beta of 1.28. NetApp, Inc. has a fifty-two week low of $61.54 and a fifty-two week high of $112.48. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.11 and a current ratio of 1.15.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings results on Thursday, February 29th. The data storage provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.25. NetApp had a return on equity of 109.49% and a net margin of 15.21%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $1.02 EPS. NetApp’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that NetApp, Inc. will post 5.16 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Thursday, April 4th. NetApp’s payout ratio is 45.45%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NTAP shares. Evercore ISI boosted their price objective on NetApp from $95.00 to $105.00 and gave the stock an “in-line” rating in a report on Friday, March 1st. TD Cowen boosted their price objective on NetApp from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. increased their price target on NetApp from $87.00 to $95.00 and gave the stock an “underweight” rating in a research report on Friday, March 1st. Raymond James reissued a “market perform” rating on shares of NetApp in a research report on Tuesday, January 16th. Finally, Argus raised NetApp from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $100.60.

NetApp 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.