NetApp, Inc. $NTAP Shares Sold by Caxton Associates LLP

Caxton Associates LLP decreased its holdings in NetApp, Inc. (NASDAQ:NTAP) by 98.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,093 shares of the data storage provider’s stock after selling 142,907 shares during the quarter. Caxton Associates LLP’s holdings in NetApp were worth $214,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NTAP. Park Square Financial Group LLC boosted its position in shares of NetApp by 68.7% during the 4th quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 103 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of NetApp in the fourth quarter valued at about $30,000. DV Equities LLC purchased a new stake in NetApp during the fourth quarter worth about $30,000. Roble Belko & Company Inc purchased a new stake in NetApp during the first quarter worth about $31,000. Finally, Torren Management LLC acquired a new position in NetApp during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Activity

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $170.92, for a total transaction of $170,920.00. Following the sale, the executive vice president owned 31,297 shares in the company, valued at approximately $5,349,283.24. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Lorenzo Daniel De sold 275 shares of NetApp stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $120.00, for a total transaction of $33,000.00. Following the completion of the sale, the chief accounting officer directly owned 1,090 shares of the company’s stock, valued at $130,800. The trade was a 20.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,964 shares of company stock valued at $8,181,642 over the last 90 days. Insiders own 0.28% of the company’s stock.

NetApp Stock Down 0.7%

NTAP opened at $173.23 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84. The firm has a market cap of $33.99 billion, a P/E ratio of 27.24, a PEG ratio of 3.19 and a beta of 1.46. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $192.83. The business’s fifty day simple moving average is $161.10 and its 200 day simple moving average is $124.08.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). NetApp had a return on equity of 117.23% and a net margin of 18.43%.The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $1.93 EPS. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, equities research analysts anticipate that NetApp, Inc. will post 7.16 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, July 10th. NetApp’s payout ratio is currently 32.70%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of NetApp from $88.00 to $137.00 and gave the company an “underweight” rating in a report on Friday, May 29th. UBS Group reissued a “neutral” rating and set a $160.00 price target on shares of NetApp in a research note on Friday, May 29th. The Goldman Sachs Group restated a “buy” rating and issued a $200.00 price target on shares of NetApp in a report on Tuesday, June 2nd. Susquehanna raised their price objective on NetApp from $110.00 to $185.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, Wall Street Zen cut NetApp from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $169.33.

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.