Dimensional Fund Advisors LP Has $172.58 Million Stock Position in NetApp, Inc. $NTAP

Key Points

• Dimensional Fund Advisors LP reduced its stake in NetApp, Inc. by 0.4%, selling 7,160 shares, and now holds approximately 1,964,739 shares valued at $172.58 million.
• CEO George Kurian sold 8,500 shares of NetApp stock for $918,680, resulting in a 2.86% decrease in his ownership.
• NetApp recently declared a quarterly dividend of $0.52 per share, yielding 1.9% annually, with a dividend payout ratio of 36.62%.

Dimensional Fund Advisors LP cut its stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,964,739 shares of the data storage provider's stock after selling 7,160 shares during the period. Dimensional Fund Advisors LP owned approximately 0.97% of NetApp worth $172,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Manchester Capital Management LLC raised its stake in shares of NetApp by 375.0% in the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider's stock valued at $25,000 after purchasing an additional 225 shares in the last quarter. Olde Wealth Management LLC bought a new stake in NetApp in the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of NetApp by 54.9% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider's stock valued at $31,000 after buying an additional 124 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of NetApp by 929.6% in the 4th quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider's stock valued at $32,000 after buying an additional 251 shares in the last quarter. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of NetApp by 50.0% during the 4th quarter. Coppell Advisory Solutions LLC now owns 300 shares of the data storage provider's stock worth $35,000 after acquiring an additional 100 shares during the period. 92.17% of the stock is currently owned by institutional investors and hedge funds.

NetApp Price Performance

NASDAQ:NTAP traded up $0.49 during mid-day trading on Monday, reaching $111.01. 2,293,746 shares of the company were exchanged, compared to its average volume of 1,484,824. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. The stock has a market cap of $22.24 billion, a PE ratio of 19.54, a PEG ratio of 2.58 and a beta of 1.44. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $135.45. The company has a fifty day moving average of $105.97 and a 200 day moving average of $100.13.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its earnings results on Thursday, May 29th. The data storage provider reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. NetApp had a net margin of 18.05% and a return on equity of 126.96%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business earned $1.80 earnings per share. NetApp's quarterly revenue was up 3.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. On average, research analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, July 3rd. NetApp's dividend payout ratio (DPR) is 36.62%.

Analysts Set New Price Targets

NTAP has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of NetApp from $115.00 to $100.00 and set an "equal weight" rating for the company in a research note on Friday, May 30th. Bank of America increased their target price on NetApp from $121.00 to $125.00 and gave the stock a "neutral" rating in a report on Monday. UBS Group cut their target price on NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a research report on Friday, May 30th. Wedbush reaffirmed a "neutral" rating and issued a $110.00 price target on shares of NetApp in a research note on Friday, May 30th. Finally, 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 research report on Monday, April 28th. Six analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $119.64.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.90, for a total transaction of $105,900.00. Following the completion of the sale, the executive vice president directly owned 23,251 shares of the company's stock, valued at approximately $2,462,280.90. The trade was a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurian sold 8,500 shares of the company's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $108.85, for a total transaction of $925,225.00. Following the transaction, the chief executive officer owned 283,688 shares in the company, valued at approximately $30,879,438.80. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,802 shares of company stock worth $2,951,604 over the last 90 days. 0.28% of the stock is owned by insiders.

NetApp Company 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.