NetApp, Inc. (NASDAQ:NTAP) Stock Holdings Lifted by Savant Capital LLC

Savant Capital LLC lifted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 7.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,037 shares of the data storage provider’s stock after purchasing an additional 211 shares during the quarter. Savant Capital LLC’s holdings in NetApp were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Partners LLC grew its holdings in shares of NetApp by 14,650.0% during the fourth quarter. ORG Partners LLC now owns 295 shares of the data storage provider’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Larson Financial Group LLC acquired a new stake in NetApp in the third quarter worth $27,000. UMB Bank n.a. lifted its stake in NetApp by 82.9% in the fourth quarter. UMB Bank n.a. now owns 331 shares of the data storage provider’s stock valued at $29,000 after buying an additional 150 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of NetApp during the fourth quarter valued at $34,000. Finally, Huntington National Bank grew its position in shares of NetApp by 40.4% during the third quarter. Huntington National Bank now owns 490 shares of the data storage provider’s stock worth $37,000 after acquiring an additional 141 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O’callahan sold 871 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $103.02, for a total value of $89,730.42. Following the sale, the executive vice president now owns 9,601 shares of the company’s stock, valued at approximately $989,095.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Michael J. Berry sold 7,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $102.75, for a total value of $770,625.00. Following the completion of the sale, the chief financial officer now owns 152,409 shares in the company, valued at $15,660,024.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth M. O’callahan sold 871 shares of NetApp stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $103.02, for a total value of $89,730.42. Following the sale, the executive vice president now directly owns 9,601 shares in the company, valued at $989,095.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,371 shares of company stock valued at $4,139,505. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NTAP shares. Wedbush boosted their target price on shares of NetApp from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Raymond James reissued a “market perform” rating on shares of NetApp in a report on Tuesday, January 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $120.00 target price (up previously from $105.00) on shares of NetApp in a research note on Friday, March 1st. Barclays boosted their price target on NetApp from $80.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Friday, March 1st. Finally, StockNews.com lowered NetApp from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.60.

NetApp Trading Up 3.2 %

Shares of NASDAQ:NTAP opened at $107.95 on Tuesday. NetApp, Inc. has a 1 year low of $62.29 and a 1 year high of $112.48. The firm has a fifty day moving average price of $102.29 and a 200 day moving average price of $90.62. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 2.00. The stock has a market capitalization of $22.28 billion, a PE ratio of 24.53, a P/E/G ratio of 2.18 and a beta of 1.27.

NetApp (NASDAQ:NTAP) last announced its earnings results on Thursday, February 29th. The data storage provider reported $1.94 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business earned $1.02 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. Analysts expect that NetApp, Inc. will post 5.16 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th were paid a $0.50 dividend. The ex-dividend date was Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.85%. NetApp’s payout ratio is presently 45.45%.

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.