Ensign Peak Advisors Inc Sells 12,820 Shares of NetApp, Inc. (NASDAQ:NTAP)

Ensign Peak Advisors Inc cut its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,170 shares of the data storage provider's stock after selling 12,820 shares during the period. Ensign Peak Advisors Inc owned about 0.12% of NetApp worth $27,182,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTAP. Ethic Inc. increased its position in shares of NetApp by 11.5% during the fourth quarter. Ethic Inc. now owns 22,537 shares of the data storage provider's stock worth $2,616,000 after purchasing an additional 2,330 shares in the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of NetApp by 5,858.0% during the fourth quarter. Clark Capital Management Group Inc. now owns 895,435 shares of the data storage provider's stock worth $103,942,000 after buying an additional 880,406 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of NetApp by 13.7% during the fourth quarter. Deutsche Bank AG now owns 1,112,833 shares of the data storage provider's stock worth $129,178,000 after buying an additional 134,367 shares during the last quarter. EHP Funds Inc. purchased a new position in shares of NetApp during the fourth quarter worth about $232,000. Finally, Cetera Investment Advisers grew its holdings in shares of NetApp by 34.9% during the fourth quarter. Cetera Investment Advisers now owns 58,817 shares of the data storage provider's stock worth $6,828,000 after buying an additional 15,232 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors and hedge funds.

NetApp Stock Up 0.1%

Shares of NetApp stock traded up $0.12 on Wednesday, hitting $99.65. 1,839,794 shares of the company traded hands, compared to its average volume of 1,922,571. The company has a 50-day moving average price of $88.34 and a 200 day moving average price of $108.81. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $135.45. The company has a market cap of $20.27 billion, a PE ratio of 18.32, a PEG ratio of 2.45 and a beta of 1.40.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, April 4th. NetApp's dividend payout ratio is presently 38.52%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, EVP Elizabeth M. O'callahan sold 528 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $92.58, for a total value of $48,882.24. Following the completion of the sale, the executive vice president now directly owns 12,900 shares in the company, valued at approximately $1,194,282. This represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Kurian sold 8,500 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $81.83, for a total transaction of $695,555.00. Following the transaction, the chief executive officer now directly owns 249,765 shares of the company's stock, valued at approximately $20,438,269.95. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,224 shares of company stock worth $3,531,872. Corporate insiders own 0.47% of the company's stock.

NetApp 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.