353 Shares in NetApp, Inc. (NASDAQ:NTAP) Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new stake in shares of NetApp, Inc. (NASDAQ:NTAP) during the 3rd quarter, HoldingsChannel reports. The firm bought 353 shares of the data storage provider’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Hollencrest Capital Management purchased a new stake in shares of NetApp during the second quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in NetApp during the 3rd quarter valued at about $27,000. Redwood Wealth Management Group LLC purchased a new stake in shares of NetApp during the 2nd quarter valued at about $32,000. J.Safra Asset Management Corp grew its stake in shares of NetApp by 706.3% in the first quarter. J.Safra Asset Management Corp now owns 258 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 226 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new position in shares of NetApp during the first quarter valued at approximately $28,000. Institutional investors own 92.17% of the company’s stock.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O’callahan sold 705 shares of NetApp stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $126.20, for a total value of $88,971.00. Following the sale, the executive vice president now directly owns 11,694 shares in the company, valued at approximately $1,475,782.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Elizabeth M. O’callahan sold 705 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $126.20, for a total transaction of $88,971.00. Following the completion of the transaction, the executive vice president now directly owns 11,694 shares of the company’s stock, valued at approximately $1,475,782.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lorenzo Daniel De sold 1,685 shares of NetApp stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $123.60, for a total value of $208,266.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,890 shares of company stock valued at $1,369,172. 0.47% of the stock is currently owned by corporate insiders.

NetApp Stock Up 1.0 %

NTAP opened at $124.01 on Monday. NetApp, Inc. has a fifty-two week low of $75.32 and a fifty-two week high of $135.01. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.91 and a current ratio of 0.96. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 4.65 and a beta of 1.24. The firm’s fifty day moving average is $121.01 and its 200 day moving average is $121.32.

NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, August 28th. The data storage provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. NetApp had a return on equity of 121.41% and a net margin of 17.01%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. On average, sell-side analysts forecast that NetApp, Inc. will post 5.71 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Friday, October 4th. NetApp’s payout ratio is currently 40.63%.

Wall Street Analyst Weigh In

NTAP has been the topic of several research reports. Evercore ISI raised their target price on shares of NetApp from $120.00 to $130.00 and gave the stock an “in-line” rating in a report on Monday, August 12th. Citigroup upped their price objective on NetApp from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. Loop Capital raised NetApp from a “hold” rating to a “buy” rating and raised their target price for the stock from $121.00 to $150.00 in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on shares of NetApp from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, UBS Group increased their price objective on shares of NetApp from $121.00 to $134.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $129.06.

NetApp Company Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.