NetApp, Inc. $NTAP Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab boosted its NetApp stake by 494.6% to 13,878 shares (worth $1.644M), while other institutions—most notably Citigroup—also added large positions, leaving 92.17% institutional ownership.
• NetApp beat the quarter with $2.12 EPS vs. $2.07 expected and $1.71B revenue, issued FY2026 guidance of 7.920–8.020 EPS, and announced a quarterly dividend of $0.52 (annual yield ~2.1%).

Dynamic Technology Lab Private Ltd lifted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 494.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,878 shares of the data storage provider's stock after acquiring an additional 11,544 shares during the period. Dynamic Technology Lab Private Ltd's holdings in NetApp were worth $1,644,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NTAP shares. Northland Securities set a $137.00 target price on NetApp and gave the company an "outperform" rating in a report on Wednesday, November 26th. Oppenheimer reaffirmed a "market perform" rating on shares of NetApp in a report on Wednesday, November 26th. Citigroup lifted their price objective on shares of NetApp from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. UBS Group upped their price objective on shares of NetApp from $114.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings upgraded shares of NetApp from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.42.

NetApp Trading Down 1.0%

Shares of NTAP stock opened at $101.06 on Friday. The business's fifty day moving average price is $102.15 and its 200 day moving average price is $110.98. The firm has a market capitalization of $19.94 billion, a PE ratio of 16.90, a P/E/G 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.

NetApp (NASDAQ:NTAP - Get Free Report) last released its earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating 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%.NetApp's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. As a group, sell-side analysts forecast that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

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

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were 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 approximately $2,076,758.75. This represents a 4.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

NetApp 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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