Nomura Holdings Inc. Purchases Shares of 6,752 NetApp, Inc. (NASDAQ:NTAP)

Nomura Holdings Inc. purchased a new stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,752 shares of the data storage provider's stock, valued at approximately $784,000.

Several other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp grew its position in NetApp by 4.8% in the 4th quarter. M&T Bank Corp now owns 12,794 shares of the data storage provider's stock valued at $1,485,000 after acquiring an additional 581 shares during the last quarter. Versor Investments LP bought a new position in NetApp in the 4th quarter valued at $395,000. AMJ Financial Wealth Management grew its position in NetApp by 120.7% in the 4th quarter. AMJ Financial Wealth Management now owns 68,897 shares of the data storage provider's stock valued at $7,998,000 after acquiring an additional 37,684 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in NetApp by 9.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,346,212 shares of the data storage provider's stock valued at $156,268,000 after acquiring an additional 113,360 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in NetApp in the 4th quarter valued at $5,151,000. 92.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 528 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $92.58, for a total value of $48,882.24. Following the completion of the sale, the executive vice president now owns 12,900 shares of the company's stock, valued at approximately $1,194,282. This trade represents a 3.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurian sold 8,500 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $81.83, for a total value of $695,555.00. Following the completion of the sale, the chief executive officer now directly owns 249,765 shares of the company's stock, valued at approximately $20,438,269.95. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,724 shares of company stock worth $2,520,032 over the last three months. Corporate insiders own 0.47% of the company's stock.

NetApp Stock Up 0.2%

NTAP traded up $0.21 during trading on Thursday, hitting $99.78. The stock had a trading volume of 1,520,228 shares, compared to its average volume of 1,916,090. The company has a market capitalization of $20.30 billion, a PE ratio of 18.34, a PEG ratio of 2.45 and a beta of 1.40. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The stock has a 50 day simple moving average of $89.38 and a two-hundred day simple moving average of $108.13.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Friday, April 4th were paid a $0.52 dividend. The ex-dividend date was Friday, April 4th. This represents a $2.08 annualized dividend and a yield of 2.08%. NetApp's dividend payout ratio (DPR) is 38.52%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NTAP shares. Wall Street Zen downgraded NetApp from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods upgraded shares of NetApp to an "outperform" rating in a research note on Wednesday, February 19th. Morgan Stanley upped their target price on shares of NetApp from $84.00 to $106.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Evercore ISI dropped their target price on shares of NetApp from $120.00 to $100.00 and set an "in-line" rating on the stock in a research note on Monday, April 28th. Finally, Bank of America upgraded shares of NetApp from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $121.00 to $128.00 in a research note on Wednesday, February 19th. Eleven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $121.40.

NetApp Profile

NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.