NetApp, Inc. $NTAP Stock Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 4.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 432,772 shares of the data storage provider’s stock after acquiring an additional 20,089 shares during the quarter. Envestnet Asset Management Inc. owned about 0.22% of NetApp worth $51,266,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NTAP. Harbour Investments Inc. grew its position in NetApp by 287.9% in the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock valued at $27,000 after buying an additional 190 shares in the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of NetApp during the 2nd quarter valued at $28,000. CVA Family Office LLC lifted its holdings 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 purchasing an additional 219 shares during the last quarter. SouthState Corp lifted its stake in NetApp by 434.5% during the second quarter. SouthState Corp now owns 294 shares of the data storage provider’s stock valued at $31,000 after buying an additional 239 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of NetApp in the 2nd quarter valued at approximately $34,000. 92.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NTAP. William Blair reissued a “market perform” rating on shares of NetApp in a research note on Thursday, October 16th. Barclays increased their price target on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Northland Securities set a $137.00 price objective on NetApp and gave the company an “outperform” rating in a report on Wednesday, November 26th. Wells Fargo & Company raised their target price on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. Finally, UBS Group raised their target price on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, NetApp presently has an average rating of “Moderate Buy” and an average price target of $123.93.

NetApp Price Performance

NASDAQ:NTAP opened at $103.68 on Tuesday. The firm has a market cap of $20.53 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.27 and a beta of 1.39. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78. The company’s 50-day moving average price is $106.98 and its two-hundred day moving average price is $111.64.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The business’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.87 EPS. 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, equities analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

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

Insider Activity at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Lorenzo Daniel De sold 327 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $107.48, for a total transaction of $35,145.96. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,654 shares of company stock valued at $175,782. 0.28% of the stock is owned by corporate insiders.

NetApp Company 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.