Fieldview Capital Management LLC Takes $1.39 Million Position in NetApp, Inc. $NTAP

Key Points

• Fieldview Capital Management LLC purchased a new stake of 11,696 NetApp shares — approximately $1.39 million — in the third quarter, per its latest 13F filing.
• NetApp beat expectations in its most recent quarter with $2.12 EPS vs. $2.07 consensus and $1.71B revenue, and issued Q4 and FY2026 guidance of 2.210–2.310 and 7.920–8.020 EPS, respectively.
• NetApp declared a quarterly dividend of $0.52 (annualized $2.08, ~2.1% yield) and carries a MarketBeat consensus rating of "Moderate Buy" with a $122.42 target price.

Fieldview Capital Management LLC purchased a new stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,696 shares of the data storage provider's stock, valued at approximately $1,386,000.

A number of other institutional investors also recently bought and sold shares of NTAP. Envestnet Asset Management Inc. lifted its holdings in shares of NetApp by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider's stock worth $51,266,000 after acquiring an additional 20,089 shares during the last quarter. Citigroup Inc. boosted its stake in shares of NetApp by 216.1% during the 3rd quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider's stock worth $109,875,000 after purchasing an additional 634,085 shares during the period. National Pension Service grew its holdings in NetApp by 26.0% during the 3rd quarter. National Pension Service now owns 159,274 shares of the data storage provider's stock valued at $18,868,000 after purchasing an additional 32,833 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in NetApp by 3.8% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider's stock valued at $192,938,000 after purchasing an additional 66,045 shares during the last quarter. Finally, J. Safra Sarasin Holding AG raised its position in NetApp by 496.7% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider's stock worth $2,152,000 after purchasing an additional 15,123 shares during the period. 92.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $103.45, for a total transaction of $103,450.00. Following the transaction, the executive vice president directly owned 20,075 shares in the company, valued at $2,076,758.75. This trade represents a 4.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.

NetApp Price Performance

NetApp stock opened at $100.61 on Tuesday. The stock has a market cap of $19.85 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 3.13 and a beta of 1.39. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. NetApp, Inc. has a 1 year low of $71.84 and a 1 year high of $126.66. The firm has a 50-day moving average of $101.97 and a two-hundred day moving average of $110.95.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.07 by $0.05. The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, research analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Northland Securities set a $137.00 price objective on shares of NetApp and gave the stock an "outperform" rating in a research note on Wednesday, November 26th. The Goldman Sachs Group assumed coverage on NetApp in a research note on Tuesday, January 13th. They set a "buy" rating and a $128.00 target price on the stock. Wedbush reiterated a "neutral" rating and issued a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Barclays raised their price target on NetApp from $125.00 to $134.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings raised NetApp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.42.

NetApp Company 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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