NetApp, Inc. (NASDAQ:NTAP) Shares Bought by Axa S.A.

AXA S.A. increased its holdings in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 709,341 shares of the data storage provider's stock after purchasing an additional 24,242 shares during the period. AXA S.A. owned approximately 0.35% of NetApp worth $82,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Resonant Capital Advisors LLC increased its position in NetApp by 1.8% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,442 shares of the data storage provider's stock worth $516,000 after purchasing an additional 80 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of NetApp by 2.5% during the 4th quarter. Larson Financial Group LLC now owns 3,778 shares of the data storage provider's stock worth $438,000 after purchasing an additional 92 shares during the period. Geneos Wealth Management Inc. raised its position in NetApp by 22.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 549 shares of the data storage provider's stock valued at $64,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. lifted its stake in NetApp by 3.6% during the fourth quarter. Moors & Cabot Inc. now owns 2,906 shares of the data storage provider's stock worth $337,000 after purchasing an additional 100 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in shares of NetApp by 50.0% during the fourth quarter. Coppell Advisory Solutions LLC now owns 300 shares of the data storage provider's stock worth $35,000 after buying an additional 100 shares during the period. 92.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on NetApp from $153.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. StockNews.com downgraded NetApp from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Evercore ISI decreased their price objective on shares of NetApp from $120.00 to $100.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Bank of America upgraded NetApp from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $121.00 to $128.00 in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their target price on NetApp from $130.00 to $115.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NetApp presently has a consensus rating of "Hold" and an average price target of $123.07.

Insider Buying and Selling

In other NetApp news, CEO George Kurian sold 8,500 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $81.83, for a total value of $695,555.00. Following the transaction, the chief executive officer now directly owns 249,765 shares of the company's stock, valued at $20,438,269.95. This represents a 3.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Elizabeth M. O'callahan sold 452 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $120.75, for a total transaction of $54,579.00. Following the sale, the executive vice president now directly owns 11,553 shares of the company's stock, valued at $1,395,024.75. The trade was a 3.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,676 shares of company stock valued at $3,586,451. Insiders own 0.47% of the company's stock.

NetApp Trading Up 2.2 %

NTAP traded up $2.07 during trading on Thursday, hitting $95.09. The company's stock had a trading volume of 698,117 shares, compared to its average volume of 1,925,650. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45. The stock has a market cap of $19.34 billion, a PE ratio of 17.48, a PEG ratio of 2.45 and a beta of 1.40. The firm's 50 day moving average price is $88.14 and its 200-day moving average price is $109.56. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were issued a $0.52 dividend. The ex-dividend date was Friday, April 4th. This represents a $2.08 dividend on an annualized basis and a yield of 2.19%. NetApp's payout ratio is 38.52%.

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.