Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 243,140 shares of the data storage provider's stock after buying an additional 12,930 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of NetApp worth $26,107,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Ascent Group LLC lifted its stake in shares of NetApp by 1.5% during the third quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider's stock valued at $721,000 after buying an additional 90 shares during the period. Caliber Wealth Management LLC KS lifted its stake in shares of NetApp by 5.0% during the third quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider's stock valued at $249,000 after buying an additional 100 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of NetApp by 2.0% during the third quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider's stock valued at $655,000 after buying an additional 106 shares during the period. Transcend Capital Advisors LLC lifted its stake in shares of NetApp by 5.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,953 shares of the data storage provider's stock valued at $209,000 after buying an additional 107 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of NetApp by 2.6% during the third quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider's stock valued at $537,000 after buying an additional 113 shares during the period. Hedge funds and other institutional investors own 92.17% of the company's stock.
NetApp Price Performance
NTAP opened at $108.40 on Friday. 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, Inc. has a 52-week low of $85.12 and a 52-week high of $126.66. The company has a 50 day moving average of $101.54 and a two-hundred day moving average of $107.06. The company has a market cap of $21.39 billion, a P/E ratio of 18.13, a P/E/G ratio of 3.44 and a beta of 1.30.
NetApp (NASDAQ:NTAP - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, beating 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 firm's revenue was up 4.4% compared to the same quarter last year. During the same period 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. On average, analysts expect 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. Stockholders of record on Friday, April 3rd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. NetApp's dividend payout ratio (DPR) is presently 34.78%.
Analyst Ratings Changes
NTAP has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of NetApp from a "buy" rating to a "hold" rating in a research note on Sunday, April 19th. The Goldman Sachs Group began coverage on shares of NetApp in a research report on Tuesday, January 13th. They set a "buy" rating and a $128.00 price target for the company. Citigroup upped their price target on shares of NetApp from $110.00 to $114.00 and gave the stock a "neutral" rating in a research report on Monday, March 2nd. Wedbush reaffirmed a "neutral" rating and set a $115.00 price target on shares of NetApp in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of NetApp from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $125.00 to $110.00 in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $120.75.
View Our Latest Stock Report on NetApp
Insider Buying and Selling at NetApp
In related news, EVP Elizabeth M. O'callahan sold 1,000 shares of NetApp stock in a transaction on Friday, April 10th. The shares were sold at an average price of $96.25, for a total value 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. The trade was 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 over the last three months. 0.28% of the stock is currently owned by company insiders.
About NetApp
(
Free Report)
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.
Featured Articles
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.
Before you consider NetApp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetApp wasn't on the list.
While NetApp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Click the link to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.