Tidal Investments LLC Has $8.63 Million Holdings in NetApp, Inc. $NTAP

Key Points

• Tidal Investments reduced its NetApp stake by 14% in the second quarter, selling 9,107 shares and retaining 55,794 shares valued at approximately $8.63 million. Institutional investors collectively own 92.17% of NetApp.
• NetApp reported strong quarterly results, with EPS of $2.58 versus the $2.12 consensus and revenue of about $2.03 billion, up nearly 30% year over year. The company also raised its product and earnings outlook.
• Analyst sentiment remains mixed: Barclays raised its target to $219 with an “overweight” rating, while the broader consensus remains “Hold” with a $193.86 target. Meanwhile, insiders sold 54,072 shares worth approximately $8.56 million over the past three months.

Tidal Investments LLC decreased its position in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 14.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,794 shares of the data storage provider's stock after selling 9,107 shares during the quarter. Tidal Investments LLC's holdings in NetApp were worth $8,635,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NTAP. Park Square Financial Group LLC raised its position in NetApp by 68.7% in the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider's stock valued at $29,000 after buying an additional 103 shares during the last quarter. Gen Wealth Partners Inc acquired a new position in NetApp during the 4th quarter worth approximately $30,000. DV Equities LLC acquired a new position in NetApp during the 4th quarter worth approximately $30,000. Roble Belko & Company Inc acquired a new position in NetApp during the 1st quarter worth approximately $31,000. Finally, Elyxium Wealth LLC bought a new position in shares of NetApp during the 4th quarter worth approximately $35,000. 92.17% of the stock is currently owned by institutional investors.

NetApp News Roundup

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks upgraded NetApp to “Strong Buy” from “Hold,” adding to the stock’s positive momentum and likely providing a near-term catalyst for investors.
• Positive Sentiment: NetApp’s inclusion on Zacks’ list of top momentum stocks reinforces the view that its recent operating performance and share-price trend remain favorable. Best Momentum Stock to Buy for September 10th
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $8.14 from $7.11 and its FY2028 forecast to $9.15 from $7.85. It also increased estimates for several quarterly periods while maintaining an “Outperform” rating, signaling stronger expectations for demand and profitability.
• Positive Sentiment: Recent results showed substantial earnings and revenue strength: NetApp reported quarterly EPS of $2.58 versus the $2.12 consensus estimate, while revenue of $2.03 billion exceeded the $1.84 billion forecast and grew nearly 30% year over year. The company also raised its product and earnings outlook, supporting optimism around its storage and data-management strategy.
• Positive Sentiment: Shareholders approved NetApp’s governance changes and re-elected the company’s director nominees, including CEO George Kurian. The result removes a potential governance overhang and maintains leadership continuity. NetApp Shareholders Approve Governance Changes and Board Slate
• Neutral Sentiment: Analysts are comparing NetApp with Super Micro Computer as a value investment, but the article does not represent a specific change in NetApp’s outlook. SMCI or NTAP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Northland’s $187 price target remains below NetApp’s recent trading level, suggesting that at least one analyst sees limited near-term upside despite raising earnings estimates.

Insider Buying and Selling

In other news, President Cesar Cernuda sold 49,464 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $154.82, for a total value of $7,658,016.48. Following the completion of the sale, the president directly owned 46,806 shares of the company's stock, valued at $7,246,504.92. This trade represents a 51.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $193.82, for a total value of $193,820.00. Following the transaction, the executive vice president owned 30,297 shares of the company's stock, valued at $5,872,164.54. This represents a 3.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,072 shares of company stock worth $8,556,040. Company insiders own 0.36% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wedbush lifted their price objective on shares of NetApp from $150.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of NetApp from $110.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, May 29th. Bank of America lifted their price target on shares of NetApp from $180.00 to $206.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Wells Fargo & Company boosted their price target on shares of NetApp from $180.00 to $190.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 3rd. Finally, Barclays increased their price objective on shares of NetApp from $199.00 to $219.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, NetApp currently has an average rating of "Hold" and a consensus target price of $193.86.

NetApp Stock Performance

NASDAQ NTAP opened at $199.28 on Friday. The firm has a market capitalization of $39.14 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.16 and a debt-to-equity ratio of 1.30. The firm's fifty day moving average price is $182.09 and its two-hundred day moving average price is $143.89. NetApp, Inc. has a 1 year low of $93.69 and a 1 year high of $209.06.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings data on Wednesday, September 2nd. The data storage provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.46. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.84 billion. NetApp had a net margin of 19.18% and a return on equity of 119.13%. The company's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, research analysts anticipate that NetApp, Inc. will post 8.32 EPS for the current year.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Friday, October 9th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, October 9th. This represents a $2.08 dividend on an annualized basis and a yield of 1.0%. NetApp's dividend payout ratio (DPR) is presently 29.34%.

NetApp Profile

NetApp, Inc NASDAQ: NTAP is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company's portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.

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