NetApp, Inc. (NASDAQ:NTAP) Shares Acquired by Jump Financial LLC

Jump Financial LLC lifted its stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 89.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,337 shares of the data storage provider's stock after purchasing an additional 9,576 shares during the quarter. Jump Financial LLC's holdings in NetApp were worth $1,793,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NTAP. Mission Wealth Management LP grew its stake in shares of NetApp by 3.3% during the fourth quarter. Mission Wealth Management LP now owns 3,639 shares of the data storage provider's stock valued at $321,000 after buying an additional 115 shares during the last quarter. First Horizon Advisors Inc. increased its stake in NetApp by 58.7% in the fourth quarter. First Horizon Advisors Inc. now owns 311 shares of the data storage provider's stock worth $27,000 after purchasing an additional 115 shares during the period. Lindbrook Capital LLC lifted its position in shares of NetApp by 10.1% during the fourth quarter. Lindbrook Capital LLC now owns 1,336 shares of the data storage provider's stock worth $118,000 after purchasing an additional 123 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of NetApp by 0.3% during the fourth quarter. Hennessy Advisors Inc. now owns 41,209 shares of the data storage provider's stock valued at $3,633,000 after purchasing an additional 134 shares during the period. Finally, Huntington National Bank grew its holdings in shares of NetApp by 40.4% in the third quarter. Huntington National Bank now owns 490 shares of the data storage provider's stock worth $37,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 92.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of NetApp from $100.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Barclays lifted their price target on shares of NetApp from $80.00 to $100.00 and gave the company an "equal weight" rating in a research note on Friday, March 1st. UBS Group boosted their price target on NetApp from $93.00 to $96.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Raymond James restated a "market perform" rating on shares of NetApp in a report on Tuesday, January 16th. Finally, Evercore ISI upped their target price on NetApp from $95.00 to $105.00 and gave the stock an "in-line" rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $100.60.

Insiders Place Their Bets

In other NetApp news, CEO George Kurian sold 8,500 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $103.16, for a total value of $876,860.00. Following the completion of the transaction, the chief executive officer now owns 252,702 shares of the company's stock, valued at $26,068,738.32. The transaction was disclosed in a filing with the SEC, which is available at this link. In other NetApp news, CFO Michael J. Berry sold 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $102.67, for a total transaction of $1,540,050.00. Following the completion of the transaction, the chief financial officer now directly owns 144,909 shares of the company's stock, valued at approximately $14,877,807.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurian sold 8,500 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $103.16, for a total transaction of $876,860.00. Following the completion of the sale, the chief executive officer now directly owns 252,702 shares in the company, valued at $26,068,738.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,371 shares of company stock valued at $4,139,505. Insiders own 0.37% of the company's stock.

NetApp Stock Up 1.4 %

NASDAQ NTAP traded up $1.58 on Wednesday, hitting $110.62. The stock had a trading volume of 2,872,771 shares, compared to its average volume of 1,876,396. The business's fifty day moving average price is $103.79 and its 200 day moving average price is $92.12. The stock has a market cap of $22.83 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.25 and a beta of 1.27. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.15 and a quick ratio of 1.11. NetApp, Inc. has a 52-week low of $63.95 and a 52-week high of $112.48.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The data storage provider reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.25. NetApp had a return on equity of 109.49% and a net margin of 15.21%. The firm had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the firm earned $1.02 EPS. The business's quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that NetApp, Inc. will post 5.16 earnings per share for the current year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Friday, April 5th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Thursday, April 4th. NetApp's dividend payout ratio (DPR) is presently 45.45%.

NetApp Company 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.