EntryPoint Capital LLC Has $450,000 Stock Holdings in NetApp, Inc. $NTAP

Key Points

• EntryPoint Capital LLC increased its stake in NetApp, Inc. by 107.2% in Q1, owning 5,127 shares worth $450,000, reflecting significant institutional interest.
• NetApp's earnings report for the last quarter exceeded expectations, with earnings of $1.93 per share on revenue of $1.73 billion, showing a 3.8% year-over-year growth.
• The company recently declared a quarterly dividend of $0.52, yielding 1.9%, indicating confidence in sustaining earnings despite a dividend payout ratio of 36.62%.

EntryPoint Capital LLC grew its position in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 107.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,127 shares of the data storage provider's stock after purchasing an additional 2,652 shares during the period. EntryPoint Capital LLC's holdings in NetApp were worth $450,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in NetApp by 39.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 36,998 shares of the data storage provider's stock worth $3,250,000 after buying an additional 10,494 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in NetApp by 55.8% during the 1st quarter. Achmea Investment Management B.V. now owns 221,907 shares of the data storage provider's stock worth $19,492,000 after purchasing an additional 79,457 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in NetApp during the 1st quarter worth about $321,000. UNICOM Systems Inc. bought a new stake in NetApp during the 1st quarter worth about $13,483,000. Finally, Hennessy Advisors Inc. bought a new stake in NetApp during the 1st quarter worth about $2,050,000. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Stock Performance

Shares of NTAP stock opened at $108.42 on Thursday. The stock has a 50-day moving average of $105.53 and a 200-day moving average of $100.70. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.25 and a quick ratio of 1.22. The stock has a market cap of $21.72 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.44.

NetApp (NASDAQ:NTAP - Get Free Report) last posted 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 return on equity of 126.96% and a net margin of 18.05%.The business had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the prior year, the business earned $1.80 EPS. NetApp's revenue for the quarter was up 3.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. As a group, sell-side analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Thursday, July 3rd were issued 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 is presently 36.62%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wedbush reissued a "neutral" rating and set a $110.00 price objective on shares of NetApp in a report on Friday, May 30th. UBS Group dropped their price objective on NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Evercore ISI dropped their price objective on NetApp from $120.00 to $100.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Barclays boosted their price objective on NetApp from $115.00 to $117.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Wells Fargo & Company dropped their price objective on NetApp from $115.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $119.21.

Insider Activity

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

NetApp 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.

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