NetApp, Inc. $NTAP Stake Boosted by Machina Capital S.A.S.

Machina Capital S.A.S. boosted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 138.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,467 shares of the data storage provider’s stock after purchasing an additional 8,388 shares during the quarter. Machina Capital S.A.S.’s holdings in NetApp were worth $1,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of NetApp by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider’s stock valued at $2,954,431,000 after buying an additional 686,188 shares during the last quarter. Geode Capital Management LLC boosted its stake in NetApp by 16.8% in the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock valued at $756,665,000 after acquiring an additional 1,024,626 shares during the period. Boston Partners grew its holdings in shares of NetApp by 108.9% during the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock valued at $313,997,000 after purchasing an additional 1,536,339 shares during the last quarter. Norges Bank acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $281,093,000. Finally, Amundi lifted its holdings in shares of NetApp by 8.4% in the 2nd quarter. Amundi now owns 2,362,028 shares of the data storage provider’s stock worth $237,269,000 after purchasing an additional 182,318 shares during the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NTAP shares. Bank of America upped their price objective on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Weiss Ratings restated a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. William Blair reaffirmed a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. The Goldman Sachs Group initiated coverage on shares of NetApp in a research note on Tuesday, January 13th. They set a “buy” rating and a $128.00 target price for the company. Finally, Northland Securities set a $137.00 target price on shares of NetApp and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. One investment 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’s stock. According to data from MarketBeat, NetApp currently has an average rating of “Moderate Buy” and an average target price of $124.33.

NetApp Stock Up 5.3%

NetApp stock opened at $100.53 on Thursday. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $127.78. The stock has a market cap 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’s 50-day moving average price is $107.51 and its two-hundred day moving average price is $111.68. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm posted $1.87 earnings per share. The business’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. On average, analysts expect that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

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

Insider Transactions 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 value of $105,490.00. Following the transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible 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 transaction of $35,145.96. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,654 shares of company stock valued at $175,782 over the last three months. 0.28% of the stock is owned by corporate insiders.

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.