NetApp, Inc. $NTAP Stock Holdings Increased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 165.3% in the second quarter, HoldingsChannel reports. The fund owned 11,300 shares of the data storage provider’s stock after buying an additional 7,041 shares during the period. WINTON GROUP Ltd’s holdings in NetApp were worth $1,749,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. California State Teachers Retirement System raised its stake in shares of NetApp by 15,681.5% during the second quarter. California State Teachers Retirement System now owns 48,620,175 shares of the data storage provider’s stock valued at $7,524,458,000 after purchasing an additional 48,312,092 shares in the last quarter. BlackRock Inc. bought a new position in NetApp in the 2nd quarter valued at about $2,925,168,000. Primecap Management Co. CA acquired a new position in NetApp during the 2nd quarter valued at about $1,395,423,000. Norges Bank acquired a new position in NetApp during the 4th quarter valued at about $458,060,000. Finally, First Trust Advisors LP raised its position in shares of NetApp by 127.0% during the 1st quarter. First Trust Advisors LP now owns 3,658,066 shares of the data storage provider’s stock worth $374,549,000 after buying an additional 2,046,912 shares in the last quarter. 92.17% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about NetApp

Here are the key news stories impacting NetApp this week:

• Positive Sentiment: Zacks upgraded NetApp to “Strong Buy” from “Hold,” adding to the stock’s positive momentum and likely providing a near-term catalyst for investors.
• Positive Sentiment: NetApp’s inclusion on Zacks’ list of top momentum stocks reinforces the view that its recent operating performance and share-price trend remain favorable. Best Momentum Stock to Buy for September 10th
• Positive Sentiment: Northland Securities raised its FY2027 EPS forecast to $8.14 from $7.11 and its FY2028 forecast to $9.15 from $7.85. It also increased estimates for several quarterly periods while maintaining an “Outperform” rating, signaling stronger expectations for demand and profitability.
• Positive Sentiment: Recent results showed substantial earnings and revenue strength: NetApp reported quarterly EPS of $2.58 versus the $2.12 consensus estimate, while revenue of $2.03 billion exceeded the $1.84 billion forecast and grew nearly 30% year over year. The company also raised its product and earnings outlook, supporting optimism around its storage and data-management strategy.
• Positive Sentiment: Shareholders approved NetApp’s governance changes and re-elected the company’s director nominees, including CEO George Kurian. The result removes a potential governance overhang and maintains leadership continuity. NetApp Shareholders Approve Governance Changes and Board Slate
• Neutral Sentiment: Analysts are comparing NetApp with Super Micro Computer as a value investment, but the article does not represent a specific change in NetApp’s outlook. SMCI or NTAP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Northland’s $187 price target remains below NetApp’s recent trading level, suggesting that at least one analyst sees limited near-term upside despite raising earnings estimates.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of NetApp from $160.00 to $171.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. Susquehanna boosted their target price on NetApp from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. Zacks Research upgraded NetApp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. TD Cowen reaffirmed a “buy” rating and set a $200.00 price target on shares of NetApp in a research note on Thursday, September 3rd. Finally, Morgan Stanley upped their price objective on NetApp from $173.00 to $191.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $193.86.

Insider Activity at NetApp

In other NetApp news, President Cesar Cernuda sold 2,608 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $204.48, for a total transaction of $533,283.84. Following the sale, the president directly owned 46,530 shares of the company’s stock, valued at $9,514,454.40. The trade was a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $193.82, for a total value of $193,820.00. Following the completion of the sale, the executive vice president directly owned 30,297 shares of the company’s stock, valued at approximately $5,872,164.54. This trade represents a 3.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 54,072 shares of company stock valued at $8,556,040. 0.36% of the stock is owned by insiders.

NetApp Stock Performance

NTAP opened at $199.28 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.24 and a debt-to-equity ratio of 1.30. The firm has a market cap of $39.14 billion, a PE ratio of 28.11, a P/E/G ratio of 1.98 and a beta of 1.44. The business has a fifty day simple moving average of $182.09 and a 200-day simple moving average of $143.89. NetApp, Inc. has a fifty-two week low of $93.69 and a fifty-two week high of $209.06.

NetApp (NASDAQ:NTAP) last announced its earnings results on Wednesday, September 2nd. The data storage provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.46. NetApp had a return on equity of 119.13% and a net margin of 19.18%.The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. NetApp’s revenue for the quarter was up 29.9% compared to the same quarter last year. NetApp has set its FY 2027 guidance at 9.730-10.030 EPS and its Q2 2027 guidance at 2.540-2.640 EPS. As a group, equities analysts predict that NetApp, Inc. will post 8.32 EPS for the current fiscal year.

NetApp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Friday, October 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, October 9th. NetApp’s dividend payout ratio (DPR) is 29.34%.

NetApp Company Profile

NetApp, Inc (NASDAQ: NTAP) is a data infrastructure and cloud storage company that helps organizations manage, protect and access data across on-premises environments, private clouds and public clouds. Its offerings are designed to support enterprise workloads such as databases, business applications, artificial intelligence and virtualized computing.

The company’s portfolio includes all-flash and hybrid storage systems, cloud storage services, data management software and infrastructure-as-a-service solutions.