NetApp, Inc. $NTAP Shares Acquired by Glenmede Investment Management LP

Glenmede Investment Management LP lifted its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 124.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 525,780 shares of the data storage provider’s stock after buying an additional 291,857 shares during the period. Glenmede Investment Management LP owned approximately 0.26% of NetApp worth $62,284,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rossby Financial LCC raised its stake in NetApp by 105.5% in the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 115 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in NetApp during the 3rd quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in NetApp during the 2nd quarter valued at about $34,000. Covestor Ltd increased its holdings in shares of NetApp by 48.0% in the third quarter. Covestor Ltd now owns 478 shares of the data storage provider’s stock valued at $57,000 after purchasing an additional 155 shares during the period. Finally, Richardson Financial Services Inc. lifted its holdings in shares of NetApp by 49.4% during the third quarter. Richardson Financial Services Inc. now owns 484 shares of the data storage provider’s stock worth $57,000 after purchasing an additional 160 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Stock Performance

NTAP opened at $98.66 on Friday. The firm has a fifty day moving average price of $101.19 and a 200 day moving average price of $110.58. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $126.66. The stock has a market cap of $19.47 billion, a P/E ratio of 16.50, a P/E/G ratio of 3.00 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the business earned $1.91 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. 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 anticipate that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on NTAP shares. Citigroup increased their price target on shares of NetApp from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Oppenheimer restated a “market perform” rating on shares of NetApp in a research note on Wednesday, November 26th. UBS Group upped their price objective on shares of NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Wells Fargo & Company increased their price objective on shares of NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research note on Wednesday, November 26th. Finally, Wedbush reissued a “neutral” rating and set a $115.00 target price on shares of NetApp in a report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.42.

NetApp News Summary

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Northland Securities raised its FY2026 and FY2027 EPS forecasts, boosted several quarterly estimates and reiterated a “Strong‑Buy,” lifting the fundamental outlook and supporting buying interest. Northland Research Note (MarketBeat)
• Positive Sentiment: Recent quarterly results and company guidance remain supportive: NetApp beat earnings and revenue expectations in its Feb. 26 report and set FY2026 and Q4 guidance that implies continued cash generation and margin strength. NetApp Earnings & Guidance (MarketBeat)
• Positive Sentiment: NetApp announced a quarterly dividend ($0.52/share, ex‑dividend early April), which supports income investors and signals management confidence in cash flow. Dividend Announcement (MarketBeat)
• Positive Sentiment: Large institutional positions/flows (e.g., Norges Bank stake, Boston Partners, Geode increases) show meaningful investor interest and long‑term conviction from major allocators. Institutional Ownership (MarketBeat)
• Neutral Sentiment: NetApp has underperformed the Nasdaq over the past year — a reminder of valuation/relative‑performance risk even as fundamentals improve. Investors watching relative momentum may remain cautious. Is NetApp Stock Underperforming the Nasdaq?
• Neutral Sentiment: An insider sale: EVP Elizabeth O’Callahan sold 1,000 shares (~$100.7k) on March 10. The transaction is small relative to institutional holdings and management stake, so it’s a monitoring point rather than a clear red flag. Insider Sale Filing (InsiderTrades)

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, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the completion of the transaction, the executive vice president owned 20,382 shares of the company’s stock, valued at approximately $2,051,855.94. This represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 3,000 shares of company stock valued at $309,610. 0.28% of the stock is owned by insiders.

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.