NetApp, Inc. (NASDAQ:NTAP) Stock Position Lifted by Czech National Bank

Czech National Bank lifted its stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,401 shares of the data storage provider's stock after purchasing an additional 2,526 shares during the period. Czech National Bank's holdings in NetApp were worth $5,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its stake in shares of NetApp by 7.4% during the 2nd quarter. Parallel Advisors LLC now owns 2,917 shares of the data storage provider's stock worth $376,000 after acquiring an additional 202 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in NetApp by 12.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,737,578 shares of the data storage provider's stock worth $223,806,000 after purchasing an additional 196,952 shares in the last quarter. Edgestream Partners L.P. boosted its position in NetApp by 184.9% during the second quarter. Edgestream Partners L.P. now owns 23,617 shares of the data storage provider's stock worth $3,042,000 after purchasing an additional 15,326 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in NetApp by 28.8% during the second quarter. Mutual of America Capital Management LLC now owns 44,418 shares of the data storage provider's stock worth $5,721,000 after purchasing an additional 9,919 shares in the last quarter. Finally, Wealth Alliance purchased a new stake in NetApp during the second quarter worth $344,000. Hedge funds and other institutional investors own 92.17% of the company's stock.

NetApp Trading Up 0.5 %

NASDAQ:NTAP traded up $0.62 on Thursday, hitting $119.98. 1,206,820 shares of the stock were exchanged, compared to its average volume of 1,335,992. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. NetApp, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $135.45. The stock has a market cap of $24.39 billion, a PE ratio of 22.06, a PEG ratio of 2.76 and a beta of 1.23. The stock has a fifty day moving average of $120.98 and a 200-day moving average of $122.94.

NetApp (NASDAQ:NTAP - Get Free Report) last posted its earnings results on Thursday, November 21st. The data storage provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.09. NetApp had a return on equity of 123.63% and a net margin of 17.78%. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The company's revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that NetApp, Inc. will post 5.88 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, January 3rd. This represents a $2.08 dividend on an annualized basis and a yield of 1.73%. NetApp's dividend payout ratio (DPR) is presently 38.24%.

Insider Buying and Selling at NetApp

In other NetApp news, President Cesar Cernuda sold 22,000 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $114.99, for a total transaction of $2,529,780.00. Following the transaction, the president now owns 27,099 shares of the company's stock, valued at $3,116,114.01. This trade represents a 44.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Lorenzo Daniel De sold 326 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $117.44, for a total value of $38,285.44. The disclosure for this sale can be found here. Insiders sold a total of 51,610 shares of company stock worth $6,149,531 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on NTAP shares. Citigroup boosted their target price on NetApp from $130.00 to $135.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. TD Cowen upped their price objective on NetApp from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price objective on NetApp from $135.00 to $140.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. Northland Securities upped their price objective on NetApp from $108.00 to $120.00 and gave the company a "market perform" rating in a research report on Friday, November 22nd. Finally, Barclays upped their price objective on NetApp from $119.00 to $132.00 and gave the company an "equal weight" rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $139.20.

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.