SPX Gestao de Recursos Ltda Purchases New Shares in NetApp, Inc. $NTAP

SPX Gestao de Recursos Ltda purchased a new position in NetApp, Inc. (NASDAQ:NTAP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,600 shares of the data storage provider’s stock, valued at approximately $663,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in NetApp by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock valued at $51,266,000 after purchasing an additional 20,089 shares during the last quarter. Citigroup Inc. boosted its position in shares of NetApp by 216.1% during the third quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock valued at $109,875,000 after buying an additional 634,085 shares during the period. National Pension Service grew its stake in shares of NetApp by 26.0% during the third quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock valued at $18,868,000 after buying an additional 32,833 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of NetApp by 3.8% during the second quarter. Epoch Investment Partners Inc. now owns 1,810,772 shares of the data storage provider’s stock valued at $192,938,000 after buying an additional 66,045 shares during the last quarter. Finally, J. Safra Sarasin Holding AG raised its holdings in shares of NetApp by 496.7% in the third quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider’s stock worth $2,152,000 after buying an additional 15,123 shares during the period. 92.17% of the stock is owned by hedge funds and other institutional investors.

NetApp Stock Performance

Shares of NTAP stock opened at $101.06 on Friday. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 3.17 and a beta of 1.39. NetApp, Inc. has a 52-week low of $71.84 and a 52-week high of $126.66. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. The company’s 50 day moving average is $102.15 and its 200 day moving average is $110.97.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a return on equity of 118.11% and a net margin of 18.07%.The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $1.91 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, sell-side analysts anticipate that NetApp, Inc. will post 5.89 EPS for the current fiscal year.

NetApp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 2nd. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

Insider Activity

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $103.45, for a total transaction of $103,450.00. Following the completion of the transaction, the executive vice president owned 20,075 shares in the company, valued at $2,076,758.75. The trade was a 4.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on NTAP. Oppenheimer reaffirmed a “market perform” rating on shares of NetApp in a research report on Wednesday, November 26th. UBS Group boosted their target price on shares of NetApp from $114.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Wells Fargo & Company upped their price target on shares of NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a report on Wednesday, November 26th. Barclays lifted their price objective on shares of NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Citigroup raised their target price on shares of NetApp from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, NetApp has a consensus rating of “Moderate Buy” and a consensus price target of $122.42.

NetApp Profile

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.