Aberdeen Group plc Increases Stock Position in NetApp, Inc. $NTAP

Aberdeen Group plc grew its holdings in NetApp, Inc. (NASDAQ:NTAP) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 218,400 shares of the data storage provider’s stock after purchasing an additional 25,979 shares during the quarter. Aberdeen Group plc owned approximately 0.11% of NetApp worth $23,388,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Linden Thomas Advisory Services LLC boosted its position in NetApp by 2.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 19,798 shares of the data storage provider’s stock worth $2,120,000 after acquiring an additional 498 shares during the last quarter. Victory Financial Group LLC increased its stake in NetApp by 23.5% in the fourth quarter. Victory Financial Group LLC now owns 2,885 shares of the data storage provider’s stock valued at $309,000 after purchasing an additional 549 shares during the last quarter. Range Financial Group LLC lifted its position in NetApp by 60.0% during the fourth quarter. Range Financial Group LLC now owns 7,536 shares of the data storage provider’s stock worth $807,000 after buying an additional 2,826 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in NetApp by 6.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,738 shares of the data storage provider’s stock worth $1,037,000 after buying an additional 576 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in NetApp by 5.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 81,181 shares of the data storage provider’s stock valued at $8,694,000 after buying an additional 3,981 shares during the period. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

NetApp Stock Performance

Shares of NTAP opened at $103.35 on Monday. The stock’s 50-day moving average is $100.92 and its two-hundred day moving average is $108.74. The stock has a market cap of $20.39 billion, a PE ratio of 17.28, a P/E/G ratio of 3.20 and a beta of 1.30. 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, Inc. has a 12 month low of $71.84 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities analysts forecast 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. Stockholders of record on Friday, April 3rd will be paid 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 2.0%. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’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 completion of the sale, the executive vice president owned 20,382 shares in the company, valued at $2,051,855.94. This trade represents a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 3,000 shares of company stock worth $309,610. 0.28% of the stock is owned by company insiders.

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.