ABN Amro Investment Solutions Decreases Stock Position in NetApp, Inc. $NTAP

ABN Amro Investment Solutions decreased its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 30.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 30,167 shares of the data storage provider’s stock after selling 13,205 shares during the period. ABN Amro Investment Solutions’ holdings in NetApp were worth $3,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Abich Financial Wealth Management LLC acquired a new stake in NetApp in the 3rd quarter worth approximately $27,000. Harbour Investments Inc. raised its holdings in shares of NetApp by 287.9% in the second quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after buying an additional 190 shares during the last quarter. CVA Family Office LLC lifted its stake 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 worth $31,000 after buying an additional 219 shares during the period. SouthState Corp grew its holdings in shares of 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 during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of NetApp in the 2nd quarter valued at $34,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Trading Up 4.3%

NetApp stock opened at $102.42 on Monday. The firm has a market cap of $20.29 billion, a PE ratio of 17.81, a P/E/G ratio of 2.25 and a beta of 1.39. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78. The stock’s 50 day simple moving average is $105.94 and its two-hundred day simple moving average is $111.57. 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 earnings results 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. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The firm 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 dividend payout ratio (DPR) is 36.17%.

Analyst Upgrades and Downgrades

NTAP has been the subject of a number of research reports. UBS Group lifted their price target on NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. Northland Securities set a $137.00 target price on NetApp and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Barclays increased their price target on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. The Goldman Sachs Group began coverage on shares of NetApp in a research report on Tuesday, January 13th. They set a “buy” rating and a $128.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NetApp presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.93.

Insider Activity at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the transaction, the executive vice president owned 20,075 shares of the company’s stock, valued at approximately $2,076,758.75. This represents a 4.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by company insiders.

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.