NetApp, Inc. (NASDAQ:NTAP) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its holdings in NetApp, Inc. (NASDAQ:NTAP - Free Report) by 33.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 24,423 shares of the data storage provider's stock after selling 12,431 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in NetApp were worth $3,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NTAP. UMB Bank n.a. lifted its position in shares of NetApp by 11.8% during the 2nd quarter. UMB Bank n.a. now owns 784 shares of the data storage provider's stock valued at $101,000 after buying an additional 83 shares in the last quarter. Aviso Wealth Management lifted its position in shares of NetApp by 1.4% during the 2nd 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 in the last quarter. Waldron Private Wealth LLC lifted its position in shares of NetApp by 4.3% during the 2nd 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 in the last quarter. Quarry LP lifted its holdings in NetApp by 11.7% in the 2nd quarter. Quarry LP now owns 876 shares of the data storage provider's stock worth $113,000 after purchasing an additional 92 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in NetApp by 0.5% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,920 shares of the data storage provider's stock worth $2,437,000 after purchasing an additional 95 shares in the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Stock Down 2.7 %

NetApp stock traded down $3.51 during midday trading on Monday, reaching $127.60. The company's stock had a trading volume of 1,656,781 shares, compared to its average volume of 1,855,267. The stock's 50-day simple moving average is $122.92 and its 200-day simple moving average is $123.88. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. NetApp, Inc. has a 52-week low of $83.62 and a 52-week high of $135.45. The stock has a market capitalization of $25.94 billion, a P/E ratio of 23.46, a PEG ratio of 3.14 and a beta of 1.23.

NetApp (NASDAQ:NTAP - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The data storage provider reported $1.87 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 company had revenue of $1.66 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the business posted $1.23 earnings per share. The firm's revenue was up 6.1% compared to the same quarter last year. On average, sell-side analysts expect that NetApp, Inc. will post 5.83 EPS for the current year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 3rd will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, January 3rd. NetApp's payout ratio is 38.24%.

Wall Street Analyst Weigh In

NTAP has been the topic of a number of research reports. UBS Group lifted their price objective on NetApp from $121.00 to $134.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Evercore ISI lifted their price objective on NetApp from $120.00 to $130.00 and gave the stock an "in-line" rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price objective on NetApp from $146.00 to $147.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Northland Securities lifted their price objective on NetApp from $108.00 to $120.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. Finally, TD Cowen boosted their target price on NetApp from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, NetApp presently has a consensus rating of "Hold" and a consensus target price of $137.40.

Insider Transactions at NetApp

In other news, CAO Lorenzo Daniel De sold 1,685 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $123.60, for a total value of $208,266.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth M. O'callahan sold 705 shares of the firm's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $126.20, for a total value of $88,971.00. Following the completion of the transaction, the executive vice president now owns 11,694 shares of the company's stock, valued at approximately $1,475,782.80. The trade was a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,049 shares of company stock worth $2,807,851 over the last three months. 0.47% of the stock is currently owned by insiders.

NetApp Company 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.