Caisse de depot et placement du Quebec Makes New $79.32 Million Investment in NetApp, Inc. $NTAP

Key Points

• Caisse de dépôt et placement du Québec acquired 512,536 NetApp shares worth approximately $79.32 million, representing about 0.26% of the company. Institutional investors collectively own 92.17% of NetApp.
• Analyst sentiment is mixed, with five Buy ratings and ten Holds; the consensus rating is Hold and the average price target is $179.77.
• NetApp’s latest quarter showed revenue of $1.95 billion, above estimates and up 12.5% year over year, but earnings per share of $2.03 missed the $2.27 consensus forecast. The stock opened at $190.64 and remains near its 12-month high of $209.06.

Caisse de depot et placement du Quebec acquired a new stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 512,536 shares of the data storage provider's stock, valued at approximately $79,320,000. Caisse de depot et placement du Quebec owned about 0.26% of NetApp at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in shares of NetApp by 2.1% during the 4th quarter. Parallel Advisors LLC now owns 5,007 shares of the data storage provider's stock worth $536,000 after buying an additional 101 shares during the period. Park Square Financial Group LLC raised its holdings in NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider's stock valued at $29,000 after acquiring an additional 103 shares during the period. Assetmark Inc. raised its holdings in NetApp by 3.0% in the 1st quarter. Assetmark Inc. now owns 3,540 shares of the data storage provider's stock valued at $362,000 after acquiring an additional 104 shares during the period. Fifth Third Bancorp lifted its position in NetApp by 0.9% during the fourth quarter. Fifth Third Bancorp now owns 12,559 shares of the data storage provider's stock worth $1,345,000 after acquiring an additional 108 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in NetApp by 16.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 833 shares of the data storage provider's stock worth $89,000 after acquiring an additional 120 shares during the last quarter. 92.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NTAP. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $200.00 target price on shares of NetApp in a research report on Tuesday, June 2nd. UBS Group reissued a "neutral" rating and set a $160.00 price target on shares of NetApp in a report on Friday, May 29th. Susquehanna boosted their price target on NetApp from $110.00 to $185.00 and gave the company a "neutral" rating in a research note on Friday, May 29th. Wall Street Zen lowered NetApp from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley upgraded NetApp from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $137.00 to $173.00 in a research report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $179.77.

NetApp Stock Performance

NASDAQ NTAP opened at $190.64 on Friday. The firm has a 50-day moving average price of $175.36 and a two-hundred day moving average price of $137.69. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $209.06. The company has a market capitalization of $37.41 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.45 and a beta of 1.45. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its earnings results on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.24). The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. NetApp had a return on equity of 117.23% and a net margin of 18.43%.The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.93 earnings per share. Analysts anticipate that NetApp, Inc. will post 7.34 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of the company's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $193.82, for a total transaction of $193,820.00. Following the completion of the sale, the executive vice president directly owned 30,297 shares in the company, valued at approximately $5,872,164.54. This represents a 3.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Cesar Cernuda sold 2,608 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $204.48, for a total value of $533,283.84. Following the completion of the transaction, the president owned 46,530 shares in the company, valued at $9,514,454.40. The trade was a 5.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,297 shares of company stock valued at $8,758,016 over the last 90 days. 0.36% of the stock is owned by corporate insiders.

NetApp News Summary

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: NetApp was named a Leader in Gartner’s 2026 Magic Quadrant for Enterprise Storage Platforms and ranked first for the Hybrid Cloud Storage Use Case. The recognition could support customer confidence and strengthen NetApp’s competitive position. NetApp Named a Leader in the 2026 Gartner Magic Quadrant for Enterprise Storage Platforms
• Positive Sentiment: Analyst commentary highlighted momentum in NetApp’s Public Cloud business, driven by hyperscaler storage demand. Strong margins could create operating leverage as cloud revenue expands. Will NetApp's Public Cloud Business Maintain Its Growth Momentum?
• Positive Sentiment: Technical coverage noted that NTAP recently moved above its 20-day moving average, a signal that could indicate improving short-term momentum and technical support. NetApp Just Overtook the 20-Day Moving Average
• Neutral Sentiment: NetApp plans to participate in upcoming investor conferences, which may provide management with an opportunity to discuss demand, cloud growth and its outlook, but no new financial information was announced. NetApp to Participate in Upcoming Conferences
• Neutral Sentiment: Comparisons with Super Micro Computer focused on relative valuation and investment appeal, offering context for investors but no company-specific change to NetApp’s fundamentals. SMCI vs. NTAP: Which Stock Is the Better Value Option?
• Negative Sentiment: The stock declined despite a stronger market session, indicating possible profit-taking or concern that its elevated valuation already reflects much of the expected growth. NetApp’s latest reported quarter also included an earnings-per-share miss, despite revenue exceeding estimates, which may keep investors focused on execution. NetApp Stock Falls Amid Market Uptick

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source