NetApp, Inc. $NTAP Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. cut its stake in NetApp by 24.4%, selling 82,859 shares and leaving it with 257,387 shares worth about $27.56 million (0.13% of the company) at quarter-end.
• NetApp beat quarterly expectations with EPS of $2.12 versus $2.07 and revenue of $1.71 billion, and set Q4 2026 guidance of $2.210–2.310 EPS and FY2026 guidance of $7.920–8.020 EPS.
• The company declared a quarterly dividend of $0.52 ($2.08 annualized, ~2.1% yield), and institutional ownership remains high at 92.17% while several large investors (Pacer, Arrowstreet, AQR, Wellington, BofA) significantly increased their stakes recently.

Robeco Institutional Asset Management B.V. lowered its position in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,387 shares of the data storage provider's stock after selling 82,859 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.13% of NetApp worth $27,564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NTAP. Pacer Advisors Inc. lifted its holdings in NetApp by 103.6% in the 3rd quarter. Pacer Advisors Inc. now owns 1,783,103 shares of the data storage provider's stock worth $211,226,000 after buying an additional 907,233 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in NetApp by 94.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,823,292 shares of the data storage provider's stock worth $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 3rd quarter. AQR Capital Management LLC now owns 1,849,218 shares of the data storage provider's stock worth $219,058,000 after purchasing an additional 771,835 shares during the last quarter. Wellington Management Group LLP increased its position in shares of NetApp by 17.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider's stock worth $582,296,000 after purchasing an additional 718,409 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of NetApp by 83.0% in the 2nd quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider's stock worth $164,568,000 after purchasing an additional 700,467 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company's stock.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $98.40 on Tuesday. 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, Inc. has a fifty-two week low of $80.22 and a fifty-two week high of $126.66. The firm has a 50-day simple moving average of $100.88 and a 200 day simple moving average of $107.64. The company has a market cap of $19.42 billion, a PE ratio of 16.45, a P/E/G ratio of 2.97 and a beta of 1.30.

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 for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. 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, sell-side analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Announces Dividend

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 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, April 2nd. NetApp's dividend payout ratio is currently 34.78%.

Insider Buying and Selling at NetApp

In related news, EVP Elizabeth M. O'callahan sold 1,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $100.67, for a total transaction of $100,670.00. Following the completion of the sale, the executive vice president owned 20,382 shares of the company's stock, valued at $2,051,855.94. This represents a 4.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NTAP shares. Weiss Ratings downgraded shares of NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 13th. Wedbush reissued a "neutral" rating and issued a $115.00 target price on shares of NetApp in a research report on Wednesday, February 25th. The Goldman Sachs Group started coverage on shares of NetApp in a research report on Tuesday, January 13th. They issued a "buy" rating and a $128.00 target price for the company. Wall Street Zen raised shares of NetApp from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citigroup boosted 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, NetApp has a consensus rating of "Hold" and an average price target of $122.42.

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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