New York State Teachers Retirement System Reduces Position in NetApp, Inc. $NTAP

Key Points

• New York State Teachers Retirement System trimmed its NetApp stake by 4.8%, selling 9,774 shares and ending the quarter with 193,667 shares worth about $20.74 million (≈0.10% ownership).
• NetApp slightly beat expectations, reporting $2.12 EPS vs. $2.07 expected and $1.71B revenue, issued FY2026 EPS guidance of 7.920–8.020, pays a $0.52 quarterly dividend (annualized $2.08, ~1.9% yield), and faces mixed analyst sentiment with a consensus "Hold" price target of $122.64.

New York State Teachers Retirement System lessened its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,667 shares of the data storage provider's stock after selling 9,774 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of NetApp worth $20,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NTAP. Abich Financial Wealth Management LLC purchased a new stake in shares of NetApp during the third quarter valued at approximately $27,000. Rossby Financial LCC raised its holdings in shares of NetApp by 105.5% during the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock valued at $27,000 after acquiring an additional 115 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of NetApp by 176.3% during the fourth quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider's stock valued at $34,000 after acquiring an additional 201 shares in the last quarter. Torren Management LLC bought a new position in shares of NetApp during the fourth quarter valued at approximately $34,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of NetApp during the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 92.17% of the company's stock.

NetApp Price Performance

NTAP opened at $112.08 on Friday. The stock has a fifty day simple moving average of $102.26 and a two-hundred day simple moving average of $106.63. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 2.15. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.47 and a beta of 1.28. NetApp, Inc. has a 12-month low of $90.86 and a 12-month high of $126.66.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.05. The business 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%.The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior 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. Research analysts predict that NetApp, Inc. will post 6.48 earnings per share for the current fiscal year.

NetApp Dividend Announcement

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

Analyst Ratings Changes

NTAP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded NetApp from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $125.00 to $110.00 in a report on Thursday, April 16th. Wall Street Zen downgraded NetApp from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. The Goldman Sachs Group initiated coverage on NetApp in a report on Tuesday, January 13th. They set a "buy" rating and a $128.00 target price for the company. Weiss Ratings downgraded NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 13th. Finally, Citigroup upped their target price on NetApp from $110.00 to $114.00 and gave the company a "neutral" rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $122.64.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $96.25, for a total value of $96,250.00. Following the completion of the transaction, the executive vice president owned 19,382 shares in the company, valued at approximately $1,865,517.50. This represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 3,000 shares of company stock valued at $300,370 in the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

NetApp Company 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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