Nisa Investment Advisors LLC Acquires 6,414 Shares of NetApp, Inc. $NTAP

Nisa Investment Advisors LLC raised its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 9.0% during the third quarter, HoldingsChannel reports. The firm owned 77,595 shares of the data storage provider’s stock after purchasing an additional 6,414 shares during the period. Nisa Investment Advisors LLC’s holdings in NetApp were worth $9,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Epoch Investment Partners Inc. increased its holdings in shares of NetApp by 3.8% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider’s stock valued at $192,938,000 after acquiring an additional 66,045 shares during the period. Mirabella Financial Services LLP bought a new stake in NetApp during the second quarter valued at about $1,044,000. Patton Fund Management Inc. purchased a new position in NetApp in the second quarter valued at about $265,000. Swiss National Bank raised its holdings in NetApp by 9.0% in the second quarter. Swiss National Bank now owns 624,800 shares of the data storage provider’s stock worth $66,572,000 after purchasing an additional 51,400 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in NetApp by 1,081.8% in the second quarter. SG Americas Securities LLC now owns 292,756 shares of the data storage provider’s stock worth $31,193,000 after purchasing an additional 267,985 shares in the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

Analysts Set New Price Targets

NTAP has been the topic of a number of recent analyst reports. William Blair restated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Barclays raised their target price on shares of NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Northland Securities set a $137.00 price target on NetApp and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Oppenheimer reissued a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. Finally, Bank of America boosted their target price on NetApp from $125.00 to $129.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.07.

NetApp Trading Down 0.2%

NASDAQ NTAP opened at $105.39 on Friday. NetApp, Inc. has a 12-month low of $71.84 and a 12-month high of $127.78. The company has a fifty day simple moving average of $110.98 and a two-hundred day simple moving average of $112.36. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52. The stock has a market cap of $20.87 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.33 and a beta of 1.38.

NetApp (NASDAQ:NTAP) last released its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.17. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. NetApp had a return on equity of 121.28% and a net margin of 17.73%.The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.87 EPS. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. On average, analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, January 2nd. NetApp’s dividend payout ratio (DPR) is presently 36.17%.

Insider Activity at NetApp

In related news, CAO Lorenzo Daniel De sold 327 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $107.48, for a total value of $35,145.96. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is owned by company insiders.

NetApp Company Profile

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.