Aberdeen Group plc Raises Position in NetApp, Inc. $NTAP

Aberdeen Group plc lifted its position in NetApp, Inc. (NASDAQ:NTAP) by 15.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,421 shares of the data storage provider’s stock after buying an additional 25,538 shares during the period. Aberdeen Group plc owned about 0.10% of NetApp worth $22,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTAP. Geneos Wealth Management Inc. boosted its stake in NetApp by 38.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider’s stock valued at $67,000 after purchasing an additional 210 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of NetApp during the second quarter valued at $315,000. Harbour Investments Inc. boosted its position in shares of NetApp by 287.9% during the second 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 during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in shares of NetApp during the second quarter valued at $242,000. Finally, Forvis Mazars Wealth Advisors LLC bought a new stake in NetApp in the 2nd quarter worth about $258,000. Institutional investors own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NTAP. Oppenheimer restated a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. Citigroup dropped their target price on shares of NetApp from $125.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday. 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. Wells Fargo & Company increased their price target on NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a report on Wednesday, November 26th. 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 assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.86.

NetApp Trading Down 1.3%

Shares of NetApp stock opened at $101.07 on Wednesday. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $127.78. The company’s fifty day simple moving average is $105.32 and its 200-day simple moving average is $111.56. 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 stock has a market capitalization of $20.02 billion, a PE ratio of 17.58, a P/E/G ratio of 2.25 and a beta of 1.38.

NetApp (NASDAQ:NTAP) last announced 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. The company had revenue of $1.71 billion for 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%.NetApp’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $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. As a group, equities analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The business also recently disclosed 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, January 2nd. NetApp’s payout ratio is presently 36.17%.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were 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 directly owned 20,075 shares in the company, valued at $2,076,758.75. This represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is currently owned by 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.