UBS Group AG Lowers Position in NetApp, Inc. $NTAP

Key Points

• UBS cut its stake in NetApp by 19.8% in Q4, selling 256,439 shares and now holding 1,037,478 shares (about 0.52% of the company) worth roughly $111.1 million.
• NetApp beat quarterly estimates with EPS of $2.12 (vs. $2.07 expected) and revenue of $1.71 billion (vs. $1.70B), and issued guidance of Q4 2026 EPS 2.210–2.310 and FY2026 EPS 7.920–8.020.
• Analyst sentiment is mixed—the consensus rating is Hold with an average price target of $122.64—and the company pays a $0.52 quarterly dividend (annualized $2.08, ~1.9% yield).

UBS Group AG cut its holdings in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,037,478 shares of the data storage provider's stock after selling 256,439 shares during the quarter. UBS Group AG owned about 0.52% of NetApp worth $111,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in shares of NetApp during the 3rd quarter worth $27,000. Rossby Financial LCC grew its holdings in shares of NetApp by 105.5% during the 3rd quarter. Rossby Financial LCC now owns 224 shares of the data storage provider's stock worth $27,000 after purchasing an additional 115 shares during the period. JFS Wealth Advisors LLC boosted its holdings in NetApp by 176.3% during the 4th quarter. JFS Wealth Advisors LLC now owns 315 shares of the data storage provider's stock valued at $34,000 after acquiring an additional 201 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in NetApp during the 3rd quarter valued at about $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in NetApp during the 4th quarter valued at about $52,000. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Stock Performance

Shares of NetApp stock opened at $112.08 on Friday. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 3.43 and a beta of 1.28. The business has a 50-day moving average of $102.26 and a 200 day moving average of $106.71. NetApp, Inc. has a 12 month low of $90.86 and a 12 month high of $126.66.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%.NetApp's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. 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 forecast that NetApp, Inc. will post 6.48 earnings per share for the current year.

NetApp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Friday, April 3rd were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. NetApp's dividend payout ratio (DPR) is currently 34.78%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTAP. Wall Street Zen cut NetApp from a "buy" rating to a "hold" rating in a report on Sunday, April 19th. JPMorgan Chase & Co. cut NetApp from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $125.00 to $110.00 in a report on Thursday, April 16th. Wedbush restated a "neutral" rating and set a $115.00 target price 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 report on Friday, March 13th. Finally, The Goldman Sachs Group began coverage on NetApp in a report on Tuesday, January 13th. They set a "buy" rating and a $128.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $122.64.

Insider Transactions at NetApp

In other NetApp news, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $96.25, for a total value of $96,250.00. Following the sale, the executive vice president owned 19,382 shares of the company's stock, valued at $1,865,517.50. This trade represents a 4.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 3,000 shares of company stock valued at $300,370. 0.28% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp, Inc. (NASDAQ:NTAP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.