Railway Pension Investments Ltd Raises Stock Position in NetApp, Inc. $NTAP

Railway Pension Investments Ltd increased its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,850 shares of the data storage provider’s stock after purchasing an additional 20,000 shares during the quarter. Railway Pension Investments Ltd owned 0.17% of NetApp worth $40,851,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NTAP. Harbour Investments Inc. grew its position in NetApp by 287.9% during the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after purchasing an additional 190 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of NetApp in the second quarter valued at $28,000. CVA Family Office LLC boosted its position in shares of NetApp by 300.0% in the 2nd quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock worth $31,000 after buying an additional 219 shares in the last quarter. SouthState Corp lifted its holdings in shares of NetApp by 434.5% in the second quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 239 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in NetApp in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Insider Activity at NetApp

In other NetApp news, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $107.48, for a total value of $35,145.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction on Friday, October 10th. The stock was sold at an average price of $119.00, for a total transaction of $119,000.00. Following the sale, the executive vice president directly owned 22,628 shares of the company’s stock, valued at $2,692,732. This represents a 4.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,654 shares of company stock worth $189,292. Corporate insiders own 0.28% of the company’s stock.

NetApp Stock Down 0.6%

Shares of NASDAQ:NTAP opened at $106.47 on Monday. The company has a market cap of $21.09 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34. The firm has a 50 day simple moving average of $112.06 and a 200 day simple moving average of $112.37. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $127.78.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.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 prior year, the company posted $1.87 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. As a group, research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Friday, January 2nd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, January 2nd. NetApp’s dividend payout ratio is presently 36.17%.

Analyst Ratings Changes

Several research firms recently weighed in on NTAP. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Wedbush reissued a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research note on Friday, October 10th. Northland Capmk upgraded NetApp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Citigroup cut their target price 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NetApp in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.07.

About NetApp

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.