Achmea Investment Management B.V. Has $13.56 Million Position in NetApp, Inc. $NTAP

Achmea Investment Management B.V. grew its holdings in NetApp, Inc. (NASDAQ:NTAP) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,483 shares of the data storage provider’s stock after buying an additional 9,621 shares during the quarter. Achmea Investment Management B.V. owned 0.06% of NetApp worth $13,562,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTAP. Abich Financial Wealth Management LLC acquired a new stake in NetApp in the 3rd quarter valued at $27,000. Rossby Financial LCC raised its stake in NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 115 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in NetApp during the second quarter worth $34,000. Measured Wealth Private Client Group LLC bought a new position in shares of NetApp during the third quarter valued at $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of NetApp in the 2nd quarter valued at $56,000. 92.17% of the stock is owned by institutional investors.

Insider Activity at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $100.67, for a total value of $100,670.00. Following the transaction, the executive vice president directly owned 20,382 shares in the company, valued at $2,051,855.94. This represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 3,000 shares of company stock worth $309,610. 0.28% of the stock is owned by insiders.

NetApp Trading Down 1.1%

Shares of NASDAQ NTAP opened at $100.77 on Thursday. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $126.66. The company has a market cap of $19.88 billion, a PE ratio of 16.85, a P/E/G ratio of 3.16 and a beta of 1.39. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The company has a 50-day moving average of $100.97 and a two-hundred day moving average of $110.33.

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 business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. NetApp’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. As a group, equities analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm 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 is Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. NetApp’s payout ratio is currently 34.78%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NTAP shares. UBS Group upped their target price on shares of NetApp from $114.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Northland Securities set a $137.00 price target on shares of NetApp and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Barclays upped their price objective on shares of NetApp from $125.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Citigroup raised their price objective on shares of NetApp from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company lifted their target price on shares of NetApp from $100.00 to $115.00 and gave the company a “positive” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $122.42.

NetApp 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.