SG Americas Securities LLC Reduces Stock Position in NetApp, Inc. $NTAP

Key Points

• SG Americas Securities LLC trimmed its stake in NetApp by 11.1% in Q4, selling 34,581 shares and retaining 277,612 shares worth about $29.73 million.
• Other large institutions boosted or initiated positions — notably Wellington (+17.1% to ~4.92M shares), Boston Partners (+12.6% to ~3.32M) and Norges Bank (new ~ $281M stake) — with institutional investors now owning 92.17% of NTAP.
• NetApp recently beat quarterly EPS estimates ($2.12 vs. $2.07) on $1.71B revenue, issued FY/Q4 2026 EPS guidance, and pays a quarterly dividend of $0.52 (annualized yield ~2.0%).

SG Americas Securities LLC trimmed its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,612 shares of the data storage provider's stock after selling 34,581 shares during the period. SG Americas Securities LLC owned about 0.14% of NetApp worth $29,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTAP. Wellington Management Group LLP raised its holdings in NetApp by 17.1% in the third quarter. Wellington Management Group LLP now owns 4,915,553 shares of the data storage provider's stock valued at $582,296,000 after acquiring an additional 718,409 shares in the last quarter. Boston Partners grew its holdings in NetApp by 12.6% during the 3rd quarter. Boston Partners now owns 3,317,605 shares of the data storage provider's stock worth $393,027,000 after acquiring an additional 370,405 shares in the last quarter. Northern Trust Corp grew its holdings in NetApp by 1.0% during the 3rd quarter. Northern Trust Corp now owns 2,903,077 shares of the data storage provider's stock worth $343,899,000 after acquiring an additional 29,871 shares in the last quarter. Norges Bank bought a new stake in shares of NetApp in the 2nd quarter worth about $281,093,000. Finally, Amundi increased its position in shares of NetApp by 8.4% in the 2nd quarter. Amundi now owns 2,362,028 shares of the data storage provider's stock worth $237,269,000 after purchasing an additional 182,318 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Price Performance

NTAP opened at $104.45 on Friday. The firm has a market cap of $20.61 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 3.27 and a beta of 1.39. NetApp, Inc. has a fifty-two week low of $71.84 and a fifty-two week high of $126.66. The company's 50-day moving average price is $100.54 and its 200 day moving average price is $109.82. 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 issued its earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. The company 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%.NetApp's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, April 2nd. NetApp's dividend payout ratio is presently 34.78%.

Insider Buying and Selling

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.67, for a total value of $100,670.00. Following the sale, the executive vice president directly owned 20,382 shares of the company's stock, valued at $2,051,855.94. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 3,000 shares of company stock worth $309,610. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NTAP. The Goldman Sachs Group initiated coverage on shares of NetApp in a research note on Tuesday, January 13th. They issued a "buy" rating and a $128.00 target price on the stock. Wedbush reissued a "neutral" rating and issued a $115.00 price objective on shares of NetApp in a report on Wednesday, February 25th. Weiss Ratings cut NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 13th. Finally, Citigroup increased their target price on NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, NetApp has an average rating of "Hold" and a consensus target price of $122.42.

About NetApp

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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