408,696 Shares in NetApp, Inc. $NTAP Bought by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension bought a new position of 408,696 shares of NetApp—about $44.31 million—which represents roughly 0.21% of the company.
• NetApp beat the quarter with $2.12 EPS (vs. $2.07 expected) and $1.71B revenue (vs. $1.70B expected), and issued FY2026 guidance of $7.92–$8.02 EPS.
• Analysts are mixed: the consensus rating is Hold with an average price target of $122.64, while recent notes range from Goldman Sachs' "Buy" ($128 PT) to downgrades from Weiss and Wall Street Zen; institutional ownership is about 92.17%.

PFA Pension Forsikringsaktieselskab bought a new position in NetApp, Inc. (NASDAQ:NTAP - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 408,696 shares of the data storage provider's stock, valued at approximately $44,311,000. PFA Pension Forsikringsaktieselskab owned approximately 0.21% of NetApp as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NTAP. Geneos Wealth Management Inc. grew its position in NetApp by 38.3% in the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider's stock worth $67,000 after acquiring an additional 210 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in NetApp in the second quarter worth $315,000. Cerity Partners LLC grew its position in NetApp by 9.9% in the second quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider's stock worth $4,986,000 after acquiring an additional 4,232 shares in the last quarter. Bank of Nova Scotia grew its position in NetApp by 7.3% in the second quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider's stock worth $2,589,000 after acquiring an additional 1,662 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in NetApp by 12.7% in the second quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider's stock worth $2,148,000 after acquiring an additional 2,277 shares in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NTAP has been the subject of several recent research reports. Citigroup boosted their price target on shares of NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a research note on Monday, March 2nd. Wedbush reissued a "neutral" rating and issued a $115.00 price target on shares of NetApp in a research note on Wednesday, February 25th. Weiss Ratings downgraded shares of NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 13th. Wall Street Zen downgraded shares of NetApp from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. Finally, The Goldman Sachs Group initiated coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a "buy" rating and a $128.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $122.64.

NetApp Stock Performance

Shares of NASDAQ:NTAP opened at $112.08 on Friday. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.47 and a beta of 1.28. The company has a 50-day moving average price of $102.26 and a 200-day moving average price of $106.63. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. NetApp, Inc. has a 12 month low of $90.86 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. 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 anticipate that NetApp, Inc. will post 6.48 EPS for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, April 2nd. NetApp's dividend payout ratio is 34.78%.

Insider Activity at NetApp

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of the company's stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the transaction, the executive vice president directly owned 19,382 shares of the company's stock, valued at approximately $1,865,517.50. This represents a 4.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 3,000 shares of company stock worth $300,370 over the last ninety days. Corporate insiders own 0.28% of the company's stock.

About NetApp

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.

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