Dimensional Fund Advisors LP Increases Stock Holdings in NetApp, Inc. $NTAP

Key Points

• Dimensional Fund Advisors increased its stake in NetApp by 0.6% to 2,091,817 shares (about 1.05% of the company), and institutional investors now own roughly 92.17% of the stock.
• NetApp beat quarterly estimates (EPS $2.12 vs. $2.07; revenue $1.71B vs. $1.70B), provided Q4 FY2026 and full-year FY2026 EPS guidance, and pays a $0.52 quarterly dividend (annual yield ~2.1%).
• Several analysts have raised price targets (including Wells Fargo, Barclays, BofA and Citi), leaving a consensus rating of “Moderate Buy” with a consensus price target near $122.42.

Dimensional Fund Advisors LP increased its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,091,817 shares of the data storage provider's stock after acquiring an additional 13,195 shares during the period. Dimensional Fund Advisors LP owned approximately 1.05% of NetApp worth $247,795,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NTAP. Ascent Group LLC increased its holdings in NetApp by 1.5% in the 3rd quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider's stock valued at $721,000 after buying an additional 90 shares during the period. Caliber Wealth Management LLC KS lifted its holdings in shares of NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider's stock worth $249,000 after acquiring an additional 100 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of NetApp by 19.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider's stock valued at $69,000 after acquiring an additional 104 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of NetApp by 2.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider's stock valued at $655,000 after acquiring an additional 106 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in NetApp by 2.6% in the third quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider's stock valued at $537,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Trading Down 1.0%

Shares of NTAP stock opened at $101.06 on Friday. The company has a market capitalization of $19.94 billion, a P/E ratio of 16.90, a P/E/G ratio of 3.13 and a beta of 1.39. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $126.66. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. The firm has a 50-day moving average price of $102.15 and a 200 day moving average price of $110.98.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations 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 earned $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. Research analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp's dividend payout ratio is currently 34.78%.

Analyst Ratings Changes

NTAP has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of NetApp from $100.00 to $115.00 and gave the stock a "positive" rating in a research report on Wednesday, November 26th. Barclays upped their price objective on NetApp from $125.00 to $134.00 and gave the company an "overweight" rating in a research note on Wednesday, November 26th. Oppenheimer reissued a "market perform" rating on shares of NetApp in a report on Wednesday, November 26th. Bank of America raised their target price on NetApp from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. Finally, Citigroup boosted their price target on NetApp from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.42.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total value of $103,450.00. Following the completion of the sale, the executive vice president owned 20,075 shares in the company, valued at approximately $2,076,758.75. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company's stock.

NetApp Profile

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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