Van Lanschot Kempen Investment Management N.V. Buys 5,791 Shares of NetApp, Inc. $NTAP

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in NetApp by 12.5%, acquiring a total of 52,236 shares valued at approximately $4.59 million.
• Institutional investors own a significant majority, with 92.17% of NetApp's stock held by hedge funds and institutional investors.
• NetApp recently reported an earnings per share (EPS) of $1.93, beating estimates by $0.03, and its revenue grew by 3.8% year-over-year to $1.73 billion.

Van Lanschot Kempen Investment Management N.V. raised its stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,236 shares of the data storage provider's stock after purchasing an additional 5,791 shares during the period. Van Lanschot Kempen Investment Management N.V.'s holdings in NetApp were worth $4,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in NetApp by 2.3% in the first quarter. Vanguard Group Inc. now owns 27,041,930 shares of the data storage provider's stock valued at $2,375,363,000 after purchasing an additional 597,956 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NetApp by 14.5% during the fourth quarter. Ameriprise Financial Inc. now owns 7,024,456 shares of the data storage provider's stock valued at $815,402,000 after buying an additional 888,671 shares during the last quarter. Invesco Ltd. grew its holdings in shares of NetApp by 12.3% during the first quarter. Invesco Ltd. now owns 3,507,590 shares of the data storage provider's stock valued at $308,107,000 after buying an additional 384,362 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of NetApp by 8.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,986,330 shares of the data storage provider's stock valued at $346,653,000 after buying an additional 220,393 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of NetApp by 24.2% during the fourth quarter. Northern Trust Corp now owns 2,824,327 shares of the data storage provider's stock valued at $327,848,000 after buying an additional 550,607 shares during the last quarter. 92.17% of the stock is owned by institutional investors.

Insider Activity at NetApp

In related news, CEO George Kurian sold 8,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $108.85, for a total value of $925,225.00. Following the sale, the chief executive officer directly owned 283,688 shares in the company, valued at approximately $30,879,438.80. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lorenzo Daniel De sold 302 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $98.77, for a total value of $29,828.54. Following the completion of the sale, the chief accounting officer owned 455 shares in the company, valued at $44,940.35. This represents a 39.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,802 shares of company stock worth $2,951,604. Company insiders own 0.28% of the company's stock.

NetApp Stock Performance

NTAP traded up $2.74 during trading on Friday, hitting $110.52. 1,331,254 shares of the company traded hands, compared to its average volume of 1,462,919. The firm has a market cap of $22.14 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.54 and a beta of 1.44. The stock's fifty day moving average is $105.83 and its 200 day moving average is $100.38. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 2.39. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The data storage provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.72 billion. NetApp had a net margin of 18.05% and a return on equity of 126.96%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.80 earnings per share. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q1 2026 guidance at 1.480-1.580 EPS. As a group, equities analysts predict that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Thursday, July 3rd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, July 3rd. NetApp's payout ratio is currently 36.62%.

Wall Street Analyst Weigh In

NTAP has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of NetApp from $115.00 to $108.00 and set a "neutral" rating for the company in a report on Friday, May 30th. Citigroup lifted their price objective on shares of NetApp from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Monday, August 11th. Morgan Stanley initiated coverage on shares of NetApp in a report on Thursday. They set an "equal weight" rating and a $115.00 price objective for the company. Barclays increased their target price on shares of NetApp from $115.00 to $117.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Wedbush reissued a "neutral" rating and set a $110.00 price target on shares of NetApp in a research report on Friday, May 30th. Six research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat, NetApp presently has a consensus rating of "Hold" and an average target price of $119.86.

About NetApp

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.