Munich Reinsurance Co Stock Corp in Munich Takes Position in NetApp, Inc. $NTAP

Key Points

• Munich Re purchased a new stake of 93,806 shares in NetApp during Q3, valued at approximately $11.11 million.
• NetApp beat quarterly EPS estimates ($2.12 vs. $2.07), provided Q4 and FY2026 EPS guidance (Q4: 2.210–2.310; FY: 7.920–8.020) and announced a $0.52 quarterly dividend (≈2.1% yield).
• Institutional ownership is very high at 92.17%, with major investors (Vanguard, Geode, Boston Partners, Norges Bank, Amundi) recently increasing or establishing positions.

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 93,806 shares of the data storage provider's stock, valued at approximately $11,112,000.

A number of other institutional investors have also recently bought and sold shares of NTAP. Vanguard Group Inc. boosted its holdings in shares of NetApp by 2.5% in the second quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider's stock worth $2,954,431,000 after buying an additional 686,188 shares during the period. Geode Capital Management LLC raised its holdings in shares of NetApp by 16.8% during the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider's stock valued at $756,665,000 after acquiring an additional 1,024,626 shares during the period. Boston Partners raised its holdings in shares of NetApp by 108.9% during the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider's stock valued at $313,997,000 after acquiring an additional 1,536,339 shares during the period. Norges Bank purchased a new stake in shares of NetApp in the 2nd quarter valued at approximately $281,093,000. Finally, Amundi boosted its stake in NetApp by 8.4% in the 2nd quarter. Amundi now owns 2,362,028 shares of the data storage provider's stock worth $237,269,000 after purchasing an additional 182,318 shares during the period. Hedge funds and other institutional investors own 92.17% of the company's stock.

NetApp Price Performance

NTAP opened at $101.06 on Friday. The stock has a fifty day moving average price of $102.15 and a 200 day moving average price of $110.97. 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 1 year low of $71.84 and a 1 year high of $126.66. The stock has a market cap of $19.94 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 3.17 and a beta of 1.39.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.05. The company had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business 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. Analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NTAP shares. Wedbush reiterated a "neutral" rating and set a $115.00 price objective on shares of NetApp in a research report on Wednesday, February 25th. Weiss Ratings upgraded NetApp from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, February 27th. Oppenheimer reissued a "market perform" rating on shares of NetApp in a research note on Wednesday, November 26th. Citigroup lifted their target price on NetApp from $110.00 to $114.00 and gave the company a "neutral" rating in a research note on Monday, March 2nd. Finally, Bank of America increased their price target on shares of NetApp from $125.00 to $129.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $122.42.

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 that occurred on 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 directly owned 20,075 shares of the company's stock, valued at $2,076,758.75. The trade was a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

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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