BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in NetApp, Inc. $NTAP

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 19.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 298,883 shares of the data storage provider’s stock after buying an additional 48,407 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.15% of NetApp worth $35,406,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NTAP. Harbour Investments Inc. increased its stake in shares of NetApp by 287.9% in 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 in the last quarter. Harbor Asset Planning Inc. purchased a new stake in NetApp during the 2nd quarter valued at approximately $28,000. CVA Family Office LLC raised its position in shares of NetApp by 300.0% during the second quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock valued at $31,000 after buying an additional 219 shares during the last quarter. SouthState Corp lifted its stake in NetApp by 434.5% in the 2nd quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock worth $31,000 after purchasing an additional 239 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of NetApp during the 2nd quarter valued at about $34,000. 92.17% of the stock is currently owned by institutional investors.

NetApp Stock Up 5.3%

NetApp stock opened at $100.53 on Thursday. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $127.78. The stock has a market capitalization of $19.91 billion, a price-to-earnings ratio of 17.48, a PEG ratio of 2.11 and a beta of 1.38. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.34 and a quick ratio of 1.30. The business has a fifty day moving average price of $107.51 and a 200-day moving average price of $111.68.

NetApp (NASDAQ:NTAP) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the business earned $1.87 EPS. NetApp’s revenue for the quarter 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. Equities research analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp’s dividend payout ratio (DPR) is currently 36.17%.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $105.49, for a total transaction of $105,490.00. Following the completion of the transaction, the executive vice president directly owned 21,075 shares of the company’s stock, valued at $2,223,201.75. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Lorenzo Daniel De sold 327 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $107.48, for a total transaction of $35,145.96. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,654 shares of company stock valued at $175,782. 0.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NTAP shares. UBS Group upped their price objective on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Wedbush restated a “neutral” rating and set a $110.00 price objective on shares of NetApp in a research report on Friday, October 10th. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. Wells Fargo & Company increased their target price on NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research note on Wednesday, November 26th. Finally, Barclays increased their price objective on NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $124.33.

NetApp Profile

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.