NetApp, Inc. (NASDAQ:NTAP) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its position in shares of NetApp, Inc. (NASDAQ:NTAP - Free Report) by 7.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,680 shares of the data storage provider's stock after buying an additional 12,285 shares during the quarter. Crossmark Global Holdings Inc. owned approximately 0.08% of NetApp worth $20,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its holdings in NetApp by 11.8% during the 2nd quarter. UMB Bank n.a. now owns 784 shares of the data storage provider's stock worth $101,000 after acquiring an additional 83 shares in the last quarter. Aviso Wealth Management increased its holdings in NetApp by 1.4% during the second quarter. Aviso Wealth Management now owns 6,149 shares of the data storage provider's stock valued at $792,000 after buying an additional 83 shares during the period. Waldron Private Wealth LLC increased its holdings in NetApp by 4.3% during the second quarter. Waldron Private Wealth LLC now owns 2,255 shares of the data storage provider's stock valued at $290,000 after buying an additional 92 shares during the period. Quarry LP raised its stake in NetApp by 11.7% in the second quarter. Quarry LP now owns 876 shares of the data storage provider's stock worth $113,000 after buying an additional 92 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in NetApp by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 18,920 shares of the data storage provider's stock worth $2,437,000 after buying an additional 95 shares during the period. Institutional investors own 92.17% of the company's stock.

NetApp Stock Performance

Shares of NASDAQ NTAP traded up $1.18 during midday trading on Friday, reaching $124.01. 1,367,649 shares of the stock were exchanged, compared to its average volume of 1,350,177. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.34. The firm has a market cap of $25.39 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.65 and a beta of 1.24. The firm has a 50-day simple moving average of $121.01 and a two-hundred day simple moving average of $121.32. NetApp, Inc. has a twelve month low of $75.32 and a twelve month high of $135.01.

NetApp (NASDAQ:NTAP - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The data storage provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. NetApp had a net margin of 17.01% and a return on equity of 121.41%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the business earned $0.84 earnings per share. The firm's revenue was up 7.6% on a year-over-year basis. As a group, analysts anticipate that NetApp, Inc. will post 5.71 EPS for the current fiscal year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Friday, October 4th. NetApp's payout ratio is currently 40.63%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America boosted their price target on NetApp from $105.00 to $110.00 and gave the stock an "underperform" rating in a research report on Thursday, August 29th. Susquehanna reiterated a "positive" rating and issued a $155.00 target price on shares of NetApp in a report on Monday, August 26th. JPMorgan Chase & Co. increased their price target on shares of NetApp from $146.00 to $147.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Barclays lifted their price objective on shares of NetApp from $116.00 to $119.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 29th. Finally, UBS Group boosted their price objective on shares of NetApp from $121.00 to $134.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $129.06.

Insider Activity

In related news, CEO George Kurian sold 8,500 shares of NetApp stock in a transaction on Monday, October 21st. The shares were sold at an average price of $126.11, for a total value of $1,071,935.00. Following the sale, the chief executive officer now owns 292,778 shares of the company's stock, valued at approximately $36,922,233.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other NetApp news, EVP Elizabeth M. O'callahan sold 705 shares of NetApp stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $126.20, for a total transaction of $88,971.00. Following the sale, the executive vice president now owns 11,694 shares of the company's stock, valued at $1,475,782.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Kurian sold 8,500 shares of the company's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $126.11, for a total transaction of $1,071,935.00. Following the sale, the chief executive officer now directly owns 292,778 shares of the company's stock, valued at approximately $36,922,233.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,890 shares of company stock worth $1,369,172 over the last three months. 0.47% of the stock is currently 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.