NetApp, Inc. $NTAP Shares Sold by Bokf Na

Key Points

• Bokf Na reduced its stake in NetApp by 11.4%, selling 10,763 shares and leaving 83,684 shares valued at about $8.96 million.
• Analysts' consensus rating is "Hold" with an average target of $122.64; notable moves include JPMorgan cutting to neutral with a $110 target while Goldman Sachs initiated coverage with a buy rating and $128 target.
• NetApp beat quarterly estimates (EPS $2.12 vs. $2.07; revenue $1.71B vs. $1.70B), provided FY2026 EPS guidance of $7.92–8.02, and pays a $0.52 quarterly dividend (≈1.9% yield).

Bokf Na lowered its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 83,684 shares of the data storage provider's stock after selling 10,763 shares during the quarter. Bokf Na's holdings in NetApp were worth $8,962,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of NetApp by 94.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,823,292 shares of the data storage provider's stock valued at $215,987,000 after buying an additional 886,485 shares in the last quarter. AQR Capital Management LLC increased its position in shares of NetApp by 71.6% in the third quarter. AQR Capital Management LLC now owns 1,849,218 shares of the data storage provider's stock valued at $219,058,000 after buying an additional 771,835 shares in the last quarter. Wellington Management Group LLP increased its position in shares of NetApp by 17.1% in the third quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider's stock valued at $582,296,000 after buying an additional 718,409 shares in the last quarter. Bank of America Corp DE increased its position in shares of NetApp by 83.0% in the second quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider's stock valued at $164,568,000 after buying an additional 700,467 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of NetApp by 216.1% in the third quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider's stock valued at $109,875,000 after buying an additional 634,085 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NTAP. JPMorgan Chase & Co. cut NetApp from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $125.00 to $110.00 in a research report on Thursday, April 16th. Citigroup raised their price target on NetApp from $110.00 to $114.00 and gave the company a "neutral" rating in a research report on Monday, March 2nd. Wall Street Zen cut NetApp from a "buy" rating to a "hold" rating in a research report on Sunday, April 19th. Weiss Ratings cut NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 13th. Finally, The Goldman Sachs Group started coverage on NetApp in a research report on Tuesday, January 13th. They set a "buy" rating and a $128.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $122.64.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $96.25, for a total value of $96,250.00. Following the transaction, the executive vice president directly owned 19,382 shares of the company's stock, valued at $1,865,517.50. The trade was a 4.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 3,000 shares of company stock valued at $300,370. Insiders own 0.28% of the company's stock.

NetApp Stock Down 2.1%

NTAP opened at $111.74 on Thursday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The stock has a market capitalization of $22.05 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 3.23 and a beta of 1.28. The business has a 50-day moving average of $102.71 and a two-hundred day moving average of $106.42. NetApp, Inc. has a 12 month low of $91.61 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm's revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous 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. On average, research analysts expect that NetApp, Inc. will post 6.48 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd were paid 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, April 2nd. NetApp's payout ratio is currently 34.78%.

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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