Danske Bank A S Sells 226,808 Shares of NetApp, Inc. $NTAP

Key Points

• Danske Bank A/S sold 226,808 shares of NetApp, reducing its stake by 62.8% to 134,579 shares (0.07%) valued at $14.41M, and institutional investors now own about 92.17% of the company.
• NetApp beat Q4 expectations, reporting $2.12 EPS on $1.71B revenue with an 18.07% net margin and 118.11% ROE, set Q4 2026 guidance of $2.210–2.310 EPS and FY2026 guidance of $7.920–8.020 EPS, and pays a $0.52 quarterly dividend (annualized $2.08, ~1.9% yield).
• Analyst sentiment is mixed: the consensus rating is "Hold" with an average target of $122.64, after JPMorgan cut to neutral (target $110) while Goldman Sachs initiated coverage with a Buy and $128 target.

Danske Bank A S reduced its position in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 62.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,579 shares of the data storage provider's stock after selling 226,808 shares during the period. Danske Bank A S owned 0.07% of NetApp worth $14,412,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in NetApp by 17.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider's stock worth $582,296,000 after purchasing an additional 718,409 shares in the last quarter. Boston Partners boosted its stake in NetApp by 12.6% in the 3rd quarter. Boston Partners now owns 3,317,605 shares of the data storage provider's stock worth $393,027,000 after purchasing an additional 370,405 shares in the last quarter. Northern Trust Corp boosted its stake in NetApp by 1.0% in the 3rd quarter. Northern Trust Corp now owns 2,903,077 shares of the data storage provider's stock worth $343,899,000 after purchasing an additional 29,871 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NetApp by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,091,817 shares of the data storage provider's stock worth $247,795,000 after purchasing an additional 13,195 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in NetApp by 71.6% in the 3rd quarter. AQR Capital Management LLC now owns 1,849,218 shares of the data storage provider's stock worth $219,058,000 after purchasing an additional 771,835 shares in the last quarter. 92.17% of the stock is currently owned by institutional investors.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $112.08 on Monday. 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. The company has a 50 day simple moving average of $102.26 and a two-hundred day simple moving average of $106.53. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 3.17 and a beta of 1.28.

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

NetApp Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on NTAP. JPMorgan Chase & Co. cut shares of NetApp from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $125.00 to $110.00 in a research note on Thursday, April 16th. The Goldman Sachs Group began coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a "buy" rating and a $128.00 target price for the company. Weiss Ratings cut shares of NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 13th. Citigroup lifted their target price 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. Finally, Wall Street Zen cut shares of NetApp from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $122.64.

Insider Buying and Selling

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction that occurred on 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 $1,865,517.50. The trade was a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 3,000 shares of company stock worth $300,370. 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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