Seizert Capital Partners LLC Has $51.85 Million Stock Holdings in NetApp, Inc. (NASDAQ:NTAP)

Seizert Capital Partners LLC cut its position in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 446,641 shares of the data storage provider's stock after selling 9,803 shares during the period. NetApp makes up about 2.3% of Seizert Capital Partners LLC's investment portfolio, making the stock its 10th largest holding. Seizert Capital Partners LLC owned about 0.22% of NetApp worth $51,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of NetApp during the fourth quarter valued at $26,000. Assetmark Inc. lifted its stake in NetApp by 826.9% during the 4th quarter. Assetmark Inc. now owns 241 shares of the data storage provider's stock valued at $28,000 after acquiring an additional 215 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of NetApp during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC bought a new stake in shares of NetApp in the fourth quarter worth approximately $35,000. Finally, True Wealth Design LLC raised its holdings in shares of NetApp by 2,833.3% during the third quarter. True Wealth Design LLC now owns 352 shares of the data storage provider's stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 92.17% of the company's stock.

NetApp Price Performance

Shares of NTAP stock traded up $1.91 during trading hours on Friday, hitting $93.77. The stock had a trading volume of 2,480,918 shares, compared to its average volume of 1,856,425. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The stock has a market capitalization of $19.07 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.45 and a beta of 1.24. NetApp, Inc. has a one year low of $91.16 and a one year high of $135.45. The stock's 50-day moving average price is $117.43 and its two-hundred day moving average price is $120.63.

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NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.52 per share. The ex-dividend date is Friday, April 4th. This represents a $2.08 annualized dividend and a dividend yield of 2.22%. NetApp's dividend payout ratio (DPR) is 38.52%.

Insider Activity

In other news, CEO George Kurian sold 8,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $124.29, for a total transaction of $1,056,465.00. Following the transaction, the chief executive officer now owns 279,782 shares of the company's stock, valued at approximately $34,774,104.78. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth M. O'callahan sold 452 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $120.75, for a total value of $54,579.00. Following the completion of the sale, the executive vice president now owns 11,553 shares of the company's stock, valued at approximately $1,395,024.75. This represents a 3.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 60,903 shares of company stock worth $7,260,341. 0.47% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NTAP has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of NetApp to an "outperform" rating in a research report on Wednesday, February 19th. Stifel Nicolaus boosted their price target on NetApp from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Citigroup reduced their price target on shares of NetApp from $135.00 to $110.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Wedbush restated a "neutral" rating and set a $110.00 target price (down from $120.00) on shares of NetApp in a research report on Friday, February 28th. Finally, StockNews.com downgraded shares of NetApp from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, NetApp currently has a consensus rating of "Hold" and an average target price of $129.07.

About NetApp

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.