NetApp, Inc. $NTAP Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Key Points

• Munich Reinsurance Co cut its stake in NetApp by 59.6% in Q4, selling 55,885 shares and leaving 37,921 shares valued at about $4.11 million.
• NetApp beat quarterly estimates with $2.12 EPS versus a $2.07 consensus and $1.71B revenue, and issued guidance of 2.210–2.310 EPS for Q4 2026 and 7.920–8.020 EPS for FY2026.
• The company pays a quarterly dividend of $0.52 (annualized $2.08, ~1.9% yield), while insiders sold 3,000 shares last quarter and now own roughly 0.28% of the stock.

Munich Reinsurance Co Stock Corp in Munich lowered its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 59.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,921 shares of the data storage provider's stock after selling 55,885 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in NetApp were worth $4,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NTAP. Geneos Wealth Management Inc. increased its stake in shares of NetApp by 38.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the data storage provider's stock valued at $67,000 after acquiring an additional 210 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of NetApp during the 2nd quarter valued at about $315,000. Cerity Partners LLC increased its stake in shares of NetApp by 9.9% during the 2nd quarter. Cerity Partners LLC now owns 46,792 shares of the data storage provider's stock valued at $4,986,000 after acquiring an additional 4,232 shares during the last quarter. Bank of Nova Scotia increased its position in NetApp by 7.3% during the 2nd quarter. Bank of Nova Scotia now owns 24,301 shares of the data storage provider's stock worth $2,589,000 after purchasing an additional 1,662 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in NetApp by 12.7% during the 2nd quarter. NewEdge Advisors LLC now owns 20,161 shares of the data storage provider's stock worth $2,148,000 after purchasing an additional 2,277 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Trading Up 0.3%

Shares of NASDAQ NTAP opened at $108.71 on Friday. The stock's 50 day moving average price is $101.66 and its two-hundred day moving average price is $106.98. NetApp, Inc. has a 52-week low of $86.70 and a 52-week high of $126.66. The stock has a market capitalization of $21.45 billion, a P/E ratio of 18.18, a PEG ratio of 3.36 and a beta of 1.30. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.70 billion. During the same period last year, the business posted $1.91 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. 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, analysts anticipate that NetApp, Inc. will post 6.48 earnings per share for the current fiscal year.

NetApp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, April 2nd. This represents a $2.08 annualized dividend and a yield of 1.9%. NetApp's dividend payout ratio (DPR) is 34.78%.

Analysts Set New Price Targets

NTAP has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of NetApp in a research report on Tuesday, January 13th. They set a "buy" rating and a $128.00 target price for the company. Citigroup increased their target price on shares of NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, March 2nd. Wedbush reissued a "neutral" rating and set a $115.00 target price on shares of NetApp in a research report on Wednesday, February 25th. JPMorgan Chase & Co. downgraded shares of NetApp from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $125.00 to $110.00 in a research report on Thursday, April 16th. Finally, Weiss Ratings downgraded shares of NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $120.75.

Insider Transactions at NetApp

In related news, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction on Friday, April 10th. The stock was sold at an average price of $96.25, for a total transaction of $96,250.00. Following the transaction, the executive vice president directly owned 19,382 shares in the company, valued at $1,865,517.50. This trade represents a 4.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 3,000 shares of company stock worth $300,370 in the last quarter. Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.