XTX Topco Ltd acquired a new stake in NetApp, Inc. (NASDAQ:NTAP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,947 shares of the data storage provider's stock, valued at approximately $458,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NetApp in the fourth quarter valued at approximately $26,000. Assetmark Inc. lifted its holdings 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 purchasing an additional 215 shares during the last quarter. Synergy Investment Management LLC bought a new position in NetApp during the fourth quarter worth $32,000. Golden State Wealth Management LLC acquired a new position in shares of NetApp in the fourth quarter valued at $35,000. Finally, OFI Invest Asset Management bought a new position in shares of NetApp in the fourth quarter valued at about $39,000. 92.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on NTAP shares. TD Cowen cut their price objective on shares of NetApp from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on NetApp from $153.00 to $113.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. StockNews.com cut NetApp from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Keefe, Bruyette & Woods raised shares of NetApp to an "outperform" rating in a research report on Wednesday, February 19th. Finally, Barclays lowered their price target on shares of NetApp from $132.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Friday, February 28th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $125.07.
Read Our Latest Analysis on NetApp
NetApp Price Performance
NASDAQ:NTAP traded up $3.37 during trading hours on Thursday, hitting $88.25. The company's stock had a trading volume of 1,290,384 shares, compared to its average volume of 1,926,702. 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 company has a market capitalization of $17.95 billion, a P/E ratio of 16.22, a PEG ratio of 2.45 and a beta of 1.31. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45. The stock has a fifty day simple moving average of $94.13 and a 200-day simple moving average of $112.03.
NetApp Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, April 4th. NetApp's payout ratio is 38.52%.
Insider Buying and Selling at NetApp
In other news, President Cesar Cernuda sold 19,696 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $90.15, for a total transaction of $1,775,594.40. Following the sale, the president now directly owns 11,928 shares in the company, valued at approximately $1,075,309.20. The trade was a 62.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael J. Berry sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the completion of the transaction, the chief financial officer now owns 123,243 shares of the company's stock, valued at approximately $14,880,359.82. This trade represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,176 shares of company stock worth $5,095,701 over the last quarter. Corporate insiders own 0.47% of the company's stock.
NetApp Profile
(
Free Report)
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.
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