XTX Topco Ltd Makes New Investment in NetApp, Inc. (NASDAQ:NTAP)

XTX Topco Ltd bought a new stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,947 shares of the data storage provider's stock, valued at approximately $458,000.

Several other hedge funds have also modified their holdings of NTAP. Barclays PLC grew its position in shares of NetApp by 31.4% during the 3rd quarter. Barclays PLC now owns 784,339 shares of the data storage provider's stock valued at $96,873,000 after buying an additional 187,638 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of NetApp by 73.1% during the third quarter. Sanctuary Advisors LLC now owns 7,608 shares of the data storage provider's stock worth $931,000 after acquiring an additional 3,213 shares during the last quarter. World Investment Advisors LLC lifted its position in NetApp by 6.1% in the 3rd quarter. World Investment Advisors LLC now owns 7,998 shares of the data storage provider's stock valued at $988,000 after purchasing an additional 459 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in NetApp during the 3rd quarter valued at about $160,000. Finally, Tidal Investments LLC grew its holdings in NetApp by 343.1% in the 3rd quarter. Tidal Investments LLC now owns 227,933 shares of the data storage provider's stock worth $28,152,000 after buying an additional 176,495 shares in the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NTAP. Wedbush reaffirmed a "neutral" rating and set a $110.00 target price (down from $120.00) on shares of NetApp in a report on Friday, February 28th. Susquehanna downgraded NetApp from a "positive" rating to a "neutral" rating and lowered their target price for the company from $155.00 to $130.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of NetApp from $153.00 to $113.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised NetApp to an "outperform" rating in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of NetApp from $132.00 to $115.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Twelve research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $125.07.

NetApp Price Performance

Shares of NASDAQ NTAP traded down $0.83 during midday trading on Friday, reaching $87.35. 380,116 shares of the company were exchanged, compared to its average volume of 1,923,220. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The stock has a market cap of $17.77 billion, a P/E ratio of 16.07, a PEG ratio of 2.45 and a beta of 1.31. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45. The stock's 50-day moving average price is $93.51 and its 200-day moving average price is $111.78.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, April 4th. NetApp's dividend payout ratio is presently 38.52%.

Insiders Place Their Bets

In other NetApp news, CFO Michael J. Berry sold 12,500 shares of NetApp stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the transaction, the chief financial officer now owns 123,243 shares of the company's stock, valued at $14,880,359.82. This trade represents a 9.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Cesar Cernuda sold 19,696 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $90.15, for a total transaction of $1,775,594.40. Following the sale, the president now owns 11,928 shares of the company's stock, valued at approximately $1,075,309.20. The trade was a 62.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,176 shares of company stock worth $5,095,701. 0.47% of the stock is owned by corporate 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.