NetApp, Inc. $NTAP Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 21.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,121 shares of the data storage provider’s stock after purchasing an additional 735 shares during the period. Coldstream Capital Management Inc.’s holdings in NetApp were worth $439,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Patton Fund Management Inc. purchased a new stake in NetApp in the second quarter valued at $265,000. Aurora Investment Counsel acquired a new stake in shares of NetApp during the 2nd quarter worth about $2,337,000. Citizens Financial Group Inc. RI raised its holdings in NetApp by 6.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 60,457 shares of the data storage provider’s stock valued at $5,311,000 after buying an additional 3,704 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in NetApp by 17.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 814,697 shares of the data storage provider’s stock valued at $71,563,000 after buying an additional 122,784 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in NetApp by 119.3% in the first quarter. Dynamic Technology Lab Private Ltd now owns 5,869 shares of the data storage provider’s stock valued at $516,000 after buying an additional 3,193 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NTAP shares. Citigroup reduced their price target on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Northland Securities set a $137.00 target price on NetApp and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research note on Wednesday. UBS Group increased their target price on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, William Blair reaffirmed a “market perform” rating on shares of NetApp in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, NetApp has a consensus rating of “Moderate Buy” and a consensus price target of $124.07.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $119.00, for a total value of $119,000.00. Following the transaction, the executive vice president owned 22,628 shares in the company, valued at approximately $2,692,732. This represents a 4.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $107.48, for a total value of $35,145.96. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,183 shares of company stock worth $1,483,361 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

NetApp Stock Performance

Shares of NetApp stock opened at $109.25 on Friday. The business has a 50-day simple moving average of $115.77 and a 200-day simple moving average of $110.15. 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 one year low of $71.84 and a one year high of $131.30. The company has a market cap of $21.81 billion, a PE ratio of 19.30, a P/E/G ratio of 2.48 and a beta of 1.46.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.16. NetApp had a net margin of 17.77% and a return on equity of 123.24%. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the firm earned $1.87 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS. Q3 2026 guidance at 2.010-2.110 EPS. On average, equities research analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, January 2nd. NetApp’s dividend payout ratio is 36.17%.

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.