NetApp, Inc. (NASDAQ:NTAP) Shares Bought by Unigestion Holding SA

Unigestion Holding SA grew its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 323,266 shares of the data storage provider's stock after acquiring an additional 19,710 shares during the period. NetApp accounts for 1.7% of Unigestion Holding SA's portfolio, making the stock its 16th largest holding. Unigestion Holding SA owned 0.16% of NetApp worth $28,392,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NetApp during the 4th quarter valued at $26,000. Assetmark Inc. boosted its holdings in shares of NetApp by 826.9% during the 4th quarter. Assetmark Inc. now owns 241 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 215 shares during the last quarter. Synergy Investment Management LLC purchased a new position in NetApp during the 4th quarter valued at approximately $32,000. Itau Unibanco Holding S.A. increased its position in NetApp by 929.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider's stock worth $32,000 after purchasing an additional 251 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of NetApp in the 4th quarter worth $35,000. Institutional investors own 92.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NTAP shares. Wall Street Zen cut NetApp from a "buy" rating to a "hold" rating in a report on Friday, February 28th. UBS Group reduced their price target on shares of NetApp from $115.00 to $108.00 and set a "neutral" rating on the stock in a research note on Friday, May 30th. Barclays lifted their target price on NetApp from $115.00 to $117.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Susquehanna cut shares of NetApp from a "positive" rating to a "neutral" rating and lowered their price target for the stock from $155.00 to $130.00 in a research report on Monday, February 10th. Finally, Bank of America upgraded NetApp from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $121.00 to $128.00 in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $119.27.

NetApp Stock Performance

Shares of NASDAQ:NTAP traded up $0.84 on Thursday, hitting $104.60. 2,669,959 shares of the company were exchanged, compared to its average volume of 1,924,253. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock's 50 day moving average price is $90.87 and its 200 day moving average price is $106.76. NetApp, Inc. has a 1-year low of $71.84 and a 1-year high of $135.45. The firm has a market capitalization of $21.28 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40.

NetApp (NASDAQ:NTAP - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The data storage provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.72 billion. NetApp had a return on equity of 123.63% and a net margin of 17.78%. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm earned $1.80 EPS. Sell-side analysts predict that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, July 3rd. NetApp's dividend payout ratio is currently 36.62%.

Insider Buying and Selling

In other NetApp news, CEO George Kurian sold 8,500 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $81.83, for a total value of $695,555.00. Following the completion of the sale, the chief executive officer now owns 249,765 shares in the company, valued at approximately $20,438,269.95. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth M. O'callahan sold 528 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $92.58, for a total transaction of $48,882.24. Following the completion of the sale, the executive vice president now directly owns 12,900 shares of the company's stock, valued at $1,194,282. The trade was a 3.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,724 shares of company stock valued at $2,520,032. 0.47% of the stock is currently owned by insiders.

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.