Banco Bilbao Vizcaya Argentaria S.A. Has $6.08 Million Position in NetApp, Inc. $NTAP

Banco Bilbao Vizcaya Argentaria S.A. lessened its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 41.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,470 shares of the data storage provider’s stock after selling 36,486 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in NetApp were worth $6,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NTAP. California Public Employees Retirement System increased its stake in NetApp by 68.6% in the third quarter. California Public Employees Retirement System now owns 610,735 shares of the data storage provider’s stock valued at $72,348,000 after acquiring an additional 248,404 shares during the last quarter. Bank of America Corp DE lifted its stake in NetApp by 11.6% during the third quarter. Bank of America Corp DE now owns 1,723,876 shares of the data storage provider’s stock worth $204,210,000 after purchasing an additional 179,363 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of NetApp by 824.4% in the 3rd quarter. Bank of Nova Scotia now owns 224,640 shares of the data storage provider’s stock valued at $26,611,000 after purchasing an additional 200,339 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in shares of NetApp by 28.6% in the 3rd quarter. Boothbay Fund Management LLC now owns 3,215 shares of the data storage provider’s stock valued at $381,000 after purchasing an additional 715 shares in the last quarter. Finally, Creative Planning increased its stake in shares of NetApp by 28.5% in the 3rd quarter. Creative Planning now owns 60,974 shares of the data storage provider’s stock valued at $7,223,000 after purchasing an additional 13,522 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Stock Up 3.6%

Shares of NTAP opened at $102.24 on Tuesday. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $126.66. The stock has a market capitalization of $20.18 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 3.06 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39. The stock has a fifty day moving average of $101.13 and a 200-day moving average of $110.47.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, sell-side analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp’s dividend payout ratio (DPR) is presently 34.78%.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total transaction of $100,670.00. Following the sale, the executive vice president directly owned 20,382 shares in the company, valued at approximately $2,051,855.94. The trade was a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 3,000 shares of company stock worth $309,610 in the last quarter. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NTAP shares. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Barclays raised their price objective on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. UBS Group lifted their target price on NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, November 26th. Weiss Ratings downgraded NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Northland Securities set a $137.00 price target on shares of NetApp and gave the company an “outperform” rating in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $122.42.

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.