National Pension Service Has $11.11 Million Holdings in NetApp, Inc. $NTAP

Key Points

• The National Pension Service reduced its stake in NetApp, Inc. by 70.4% in the first quarter, owning only 126,441 shares after selling 300,798 shares.
• NetApp reported $1.73 billion in revenue for the most recent quarter, exceeding analyst estimates, with an earnings per share of $1.93.
• Several institutional investors, including Pacer Advisors and Vanguard Group, significantly increased their holdings in NetApp, contributing to institutional ownership of 92.17% of the company's stock.

National Pension Service lowered its stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 70.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,441 shares of the data storage provider's stock after selling 300,798 shares during the period. National Pension Service owned approximately 0.06% of NetApp worth $11,107,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of NetApp by 39.6% during the first quarter. Assenagon Asset Management S.A. now owns 36,998 shares of the data storage provider's stock valued at $3,250,000 after acquiring an additional 10,494 shares during the last quarter. Achmea Investment Management B.V. grew its stake 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 valued at $19,492,000 after purchasing an additional 79,457 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of NetApp in the 1st quarter worth approximately $321,000. UNICOM Systems Inc. acquired a new position in shares of NetApp in the 1st quarter worth approximately $13,483,000. Finally, Hennessy Advisors Inc. acquired a new position in NetApp during the 1st quarter valued at approximately $2,050,000. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Price Performance

NTAP stock traded down $1.8080 during midday trading on Wednesday, reaching $107.3520. 1,199,398 shares of the company's stock traded hands, compared to its average volume of 2,020,524. The company has a 50-day simple moving average of $105.42 and a two-hundred day simple moving average of $100.65. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $135.45. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.50 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The data storage provider reported $1.93 EPS for the quarter, beating 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 firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $1.80 EPS. The business's quarterly revenue 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. On average, analysts anticipate that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on NTAP shares. Barclays lifted their target price on NetApp from $115.00 to $117.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. UBS Group decreased their target price on NetApp from $115.00 to $108.00 and set a "neutral" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company dropped their price target on NetApp from $115.00 to $100.00 and set an "equal weight" rating on the stock in a research report on Friday, May 30th. Morgan Stanley reissued a "cautious" rating on shares of NetApp in a research report on Tuesday, May 20th. Finally, Evercore ISI dropped their target price 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, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $119.21.

Insider Buying and Selling at NetApp

In related news, CAO Lorenzo Daniel De sold 302 shares of NetApp stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $98.77, for a total value of $29,828.54. Following the sale, the chief accounting officer owned 455 shares of the company's stock, valued at approximately $44,940.35. The trade was a 39.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $105.90, for a total value of $105,900.00. Following the transaction, the executive vice president owned 23,251 shares of the company's stock, valued at $2,462,280.90. The trade was a 4.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,302 shares of company stock valued at $2,026,379 in the last 90 days. 0.28% of the stock is currently owned by company insiders.

About NetApp

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.