Teacher Retirement System of Texas Boosts Stock Holdings in NetApp, Inc. $NTAP

Key Points

• Teacher Retirement System of Texas raised its NetApp stake by 86.3% in Q4 to 140,829 shares (about $15.08M), representing 0.07% ownership.
• NetApp slightly beat quarterly expectations (EPS $2.12 vs $2.07; revenue $1.71B), provided Q4 FY2026 EPS guidance of 2.210–2.310 and FY2026 guidance of 7.920–8.020, and pays a $0.52 quarterly dividend (1.9% yield).
• Analyst views are mixed—one Strong Buy, four Buy and ten Hold give an average rating of "Hold" and an average price target of $120.75, with divergent firm targets (e.g., Goldman $128 buy vs. JPMorgan $110 neutral).

Teacher Retirement System of Texas lifted its stake in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 86.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 140,829 shares of the data storage provider's stock after acquiring an additional 65,221 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of NetApp worth $15,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Rossby Financial LCC increased its holdings in NetApp by 105.5% in the third quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock valued at $27,000 after buying an additional 115 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in NetApp in the third quarter valued at $27,000. Measured Wealth Private Client Group LLC purchased a new position in NetApp in the third quarter valued at $35,000. JFS Wealth Advisors LLC increased its holdings in NetApp by 176.3% in the fourth quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider's stock valued at $34,000 after buying an additional 201 shares during the last quarter. Finally, Covestor Ltd increased its holdings in NetApp by 48.0% in the third quarter. Covestor Ltd now owns 478 shares of the data storage provider's stock valued at $57,000 after buying an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company's stock.

Insider Buying and Selling at NetApp

In other news, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 3,000 shares of company stock worth $300,370 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on NTAP. JPMorgan Chase & Co. lowered NetApp from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $125.00 to $110.00 in a report on Thursday, April 16th. Citigroup increased 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. The Goldman Sachs Group began coverage on NetApp in a report on Tuesday, January 13th. They issued a "buy" rating and a $128.00 target price on the stock. Weiss Ratings lowered NetApp from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 13th. Finally, Wedbush reaffirmed a "neutral" rating and set a $115.00 price objective on shares of NetApp in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $120.75.

NetApp Stock Performance

Shares of NTAP stock opened at $108.71 on Friday. The stock's 50-day moving average is $101.66 and its two-hundred day moving average is $106.98. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 3.36 and a beta of 1.30. NetApp, Inc. has a 1 year low of $86.70 and a 1 year high of $126.66. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.36 and a current ratio of 1.39.

NetApp (NASDAQ:NTAP - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company 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. Analysts predict that NetApp, Inc. will post 6.48 earnings per share for the current year.

NetApp Announces Dividend

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

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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