Andra AP fonden Buys 55,500 Shares of NetApp, Inc. $NTAP

Andra AP fonden grew its stake in NetApp, Inc. (NASDAQ:NTAP) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 844,664 shares of the data storage provider’s stock after buying an additional 55,500 shares during the quarter. NetApp accounts for about 1.3% of Andra AP fonden’s portfolio, making the stock its 9th largest holding. Andra AP fonden owned about 0.42% of NetApp worth $100,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Ascent Group LLC lifted its holdings in NetApp by 1.5% in the third quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock valued at $721,000 after acquiring an additional 90 shares during the period. Caliber Wealth Management LLC KS increased its holdings in shares of NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock valued at $249,000 after purchasing an additional 100 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of NetApp by 19.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider’s stock valued at $69,000 after purchasing an additional 104 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of NetApp by 2.0% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock valued at $655,000 after purchasing an additional 106 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in NetApp by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock worth $537,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp News Summary

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Q3 beat and official materials: NetApp posted EPS of $2.12 vs. the consensus ~$2.07 and revenue ~$1.71B, narrowly ahead of estimates; the company filed the press release and slide deck with details. This is the immediate fundamental driver behind upside in expectations. View Press Release
• Positive Sentiment: Raised FY‑2026 and Q4 guidance: NetApp lifted FY EPS to $7.920–8.020 (consensus ~7.29) and issued Q4 EPS $2.21–2.31 (vs. ~2.08 est), with revenue bands modestly above/inline — a clear beat-and-raise signal for the year. View Slide Deck
• Neutral Sentiment: Contextual metrics and analyst notes: Zacks and other coverage break down key Q3 metrics vs. estimates and year-ago figures — useful for modeling but not market-moving by itself. Compared to Estimates, NetApp (NTAP) Q3 Earnings
• Neutral Sentiment: Strategic angle — AI-focused cloud subscriptions: Coverage is questioning whether NetApp’s pivot toward AI-focused cloud/subscriptions changes the investment case; this is strategic upside but with timing and margin conversion uncertainty. Is NetApp’s Shift Toward AI-Focused Cloud Subscriptions Altering The Investment Case For NetApp (NTAP)?
• Neutral Sentiment: Analyst tone mixed but not bearish: Wedbush reaffirmed a neutral rating with a $115 target (implies upside from current levels) and argued some pre-earnings pessimism was overdone — supports buy-side patience but not a strong catalyst. Wedbush neutral rating / commentary
• Negative Sentiment: Competitive/sector pressure: Comparative pieces highlight Seagate (STX) as capturing stronger AI-driven demand and momentum — an investor concern that NetApp may face tougher competitive and growth comparisons in storage/AI hardware spending cycles. Seagate vs. NetApp

Insider Buying and Selling 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 shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

NetApp Trading Down 2.7%

Shares of NetApp stock opened at $99.14 on Friday. 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’s 50 day simple moving average is $103.40 and its 200-day simple moving average is $111.32. The stock has a market cap of $19.64 billion, a P/E ratio of 17.24, a P/E/G ratio of 3.53 and a beta of 1.38. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $126.66.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The firm 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 121.28% and a net margin of 17.73%.The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.91 earnings per share. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

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 given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. NetApp’s payout ratio is presently 36.17%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NetApp in a report on Thursday, January 22nd. UBS Group increased their target price on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Citigroup cut their price target on NetApp from $125.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Bank of America upped their price target on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Finally, Wedbush reiterated a “neutral” rating and set a $115.00 price target on shares of NetApp in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.21.

About NetApp

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.