Deprince Race & Zollo Inc. Acquires 10,084 Shares of NetApp, Inc. $NTAP

Deprince Race & Zollo Inc. increased its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,093 shares of the data storage provider’s stock after purchasing an additional 10,084 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.05% of NetApp worth $11,254,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NTAP. Geneos Wealth Management Inc. lifted its holdings in shares of 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 in the last quarter. Sivia Capital Partners LLC bought a new position in shares of NetApp during the 2nd quarter valued at about $315,000. Cerity Partners LLC lifted its holdings in shares of NetApp by 9.9% during the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider’s stock valued at $4,986,000 after purchasing an additional 4,232 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of NetApp by 7.3% during the 2nd quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider’s stock valued at $2,589,000 after purchasing an additional 1,662 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of NetApp by 12.7% during the 2nd quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider’s stock valued at $2,148,000 after purchasing an additional 2,277 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

NetApp Trading Up 2.6%

Shares of NetApp stock opened at $98.40 on Tuesday. NetApp, Inc. has a 12-month low of $80.22 and a 12-month high of $126.66. The stock has a market cap of $19.42 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.97 and a beta of 1.30. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. The business’s 50 day moving average is $100.88 and its 200-day moving average is $107.64.

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

NetApp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. NetApp’s payout ratio is presently 34.78%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Wall Street Zen upgraded NetApp from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup boosted their target price on NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Weiss Ratings cut NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of NetApp in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group assumed coverage on NetApp in a research note on Tuesday, January 13th. They issued a “buy” rating and a $128.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $122.42.

Insider Buying and Selling 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 Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total transaction of $100,670.00. Following the transaction, the executive vice president directly owned 20,382 shares of the company’s stock, valued at approximately $2,051,855.94. The trade was a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

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.