RWA Wealth Partners LLC Invests $253,000 in NetApp, Inc. $NTAP

Key Points

• RWA Wealth Partners LLC has acquired a new stake in NetApp, purchasing 2,880 shares valued at approximately $253,000 during the 1st quarter.
• Several institutional investors have increased their stakes in NetApp, with Vanguard Group Inc. holding the largest share at over $2.37 billion, reflecting significant institutional interest.
• NetApp recently reported quarterly earnings exceeding analysts' expectations, with a net margin of 18.05% and a year-over-year revenue increase of 3.8%.

RWA Wealth Partners LLC acquired a new stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,880 shares of the data storage provider's stock, valued at approximately $253,000.

Several other institutional investors have also bought and sold shares of NTAP. Freedom Investment Management Inc. lifted its position in NetApp by 31.1% during the fourth quarter. Freedom Investment Management Inc. now owns 2,171 shares of the data storage provider's stock valued at $252,000 after purchasing an additional 515 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of NetApp by 1.1% in the 4th quarter. MetLife Investment Management LLC now owns 58,287 shares of the data storage provider's stock worth $6,766,000 after acquiring an additional 629 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of NetApp by 18.9% in the 4th quarter. MML Investors Services LLC now owns 14,696 shares of the data storage provider's stock worth $1,706,000 after acquiring an additional 2,339 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of NetApp in the 4th quarter worth about $83,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of NetApp by 176.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,499 shares of the data storage provider's stock worth $1,799,000 after acquiring an additional 9,901 shares during the last quarter. Institutional investors own 92.17% of the company's stock.

NetApp Trading Up 0.7%

NTAP traded up $0.7830 on Monday, reaching $111.3030. 1,151,205 shares of the company traded hands, compared to its average volume of 2,015,707. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The firm has a fifty day simple moving average of $105.83 and a two-hundred day simple moving average of $100.22. The company has a market cap of $22.30 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 2.58 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The data storage provider reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. NetApp had a net margin of 18.05% and a return on equity of 126.96%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.80 EPS. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. As a group, equities research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Thursday, July 3rd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. NetApp's dividend payout ratio (DPR) is 36.62%.

Insider Buying and Selling at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $105.90, for a total transaction of $105,900.00. Following the transaction, the executive vice president owned 23,251 shares of the company's stock, valued at approximately $2,462,280.90. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Lorenzo Daniel De sold 302 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $98.77, for a total transaction of $29,828.54. Following the transaction, the chief accounting officer directly owned 455 shares in the company, valued at $44,940.35. This trade represents a 39.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,802 shares of company stock valued at $2,951,604. Company insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NTAP shares. UBS Group lowered their target price on shares of NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Morgan Stanley started coverage on shares of NetApp in a report on Thursday. They issued an "equal weight" rating and a $115.00 target price for the company. Bank of America raised their target price on shares of NetApp from $121.00 to $125.00 and gave the stock a "neutral" rating in a report on Monday. Wells Fargo & Company lowered their target price on shares of NetApp from $115.00 to $100.00 and set an "equal weight" rating for the company in a report on Friday, May 30th. Finally, Evercore ISI lowered their target price on shares of NetApp from $120.00 to $100.00 and set an "in-line" rating for the company in a report on Monday, April 28th. Six equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $119.64.

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.