BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $20.51 Million Stock Position in NetApp, Inc. $NTAP

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 51.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,351 shares of the data storage provider’s stock after selling 183,978 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.09% of NetApp worth $20,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in NTAP. Norges Bank acquired a new position in NetApp during the second quarter worth $281,093,000. Boston Partners boosted 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 worth $313,997,000 after acquiring an additional 1,536,339 shares during the period. Geode Capital Management LLC increased its position in NetApp by 16.8% during the 2nd quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after buying an additional 1,024,626 shares during the period. Pacer Advisors Inc. increased its position in NetApp by 103.6% during the third quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider’s stock worth $211,226,000 after acquiring an additional 907,233 shares during the period. Finally, Bank of America Corp DE raised its position in shares of NetApp by 83.0% in the second quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider’s stock valued at $164,568,000 after buying an additional 700,467 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NetApp in a research report on Thursday, January 22nd. Bank of America raised their target price on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group initiated coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 price objective on the stock. Northland Securities set a $137.00 target price on NetApp and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Finally, Barclays increased their price objective on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.86.

Insider Activity

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total value of $103,450.00. Following the sale, the executive vice president directly owned 20,075 shares of the company’s stock, valued at approximately $2,076,758.75. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

NetApp Trading Up 0.3%

Shares of NTAP stock opened at $101.60 on Friday. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $127.78. The company has a quick ratio of 1.30, a current ratio of 1.34 and a debt-to-equity ratio of 2.52. The business has a 50-day moving average price of $104.61 and a two-hundred day moving average price of $111.42. The firm has a market cap of $20.12 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 2.23 and a beta of 1.38.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Tuesday, November 25th. The data storage provider reported $2.05 EPS for the quarter, topping the consensus estimate of $1.88 by $0.17. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $1.87 earnings per share. The company’s quarterly 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. Equities analysts anticipate 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. Investors of record on Friday, January 2nd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, January 2nd. NetApp’s dividend payout ratio (DPR) is presently 36.17%.

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.