Securian Asset Management Inc. Has $580,000 Stake in NetApp, Inc. $NTAP

Securian Asset Management Inc. decreased its position in NetApp, Inc. (NASDAQ:NTAP) by 43.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,415 shares of the data storage provider’s stock after selling 4,202 shares during the quarter. Securian Asset Management Inc.’s holdings in NetApp were worth $580,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NTAP. Envestnet Asset Management Inc. lifted its stake in shares of NetApp by 4.9% in 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 acquiring an additional 20,089 shares during the last quarter. Citigroup Inc. lifted its stake in shares of NetApp by 216.1% in the 3rd quarter. Citigroup Inc. now owns 927,525 shares of the data storage provider’s stock valued at $109,875,000 after acquiring an additional 634,085 shares during the last quarter. National Pension Service lifted its stake in shares of NetApp by 26.0% in the 3rd quarter. National Pension Service now owns 159,274 shares of the data storage provider’s stock valued at $18,868,000 after acquiring an additional 32,833 shares during the last quarter. J. Safra Sarasin Holding AG lifted its stake in shares of NetApp by 496.7% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 18,168 shares of the data storage provider’s stock valued at $2,152,000 after acquiring an additional 15,123 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of NetApp by 515.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 115,757 shares of the data storage provider’s stock valued at $13,713,000 after acquiring an additional 96,937 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on NTAP shares. Wall Street Zen cut NetApp from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. JPMorgan Chase & Co. cut NetApp from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $125.00 to $110.00 in a research note on Thursday, April 16th. Citigroup cut NetApp from a “neutral” rating to a “mixed” rating in a research note on Thursday. Weiss Ratings cut NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 13th. Finally, Wedbush reiterated a “neutral” rating and issued a $115.00 price target on shares of NetApp in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, NetApp presently has an average rating of “Hold” and an average target price of $122.64.

NetApp Price Performance

Shares of NASDAQ:NTAP opened at $119.93 on Friday. The firm has a market cap of $23.67 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.40 and a beta of 1.28. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt-to-equity ratio of 2.15. NetApp, Inc. has a 12-month low of $93.69 and a 12-month high of $126.66. The business has a fifty day simple moving average of $105.21 and a 200 day simple moving average of $106.50.

NetApp (NASDAQ:NTAP) last announced its earnings results on Thursday, February 26th. The data storage provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.70 billion. NetApp had a return on equity of 118.11% and a net margin of 18.07%.NetApp’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.91 EPS. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. Analysts predict that NetApp, Inc. will post 6.48 earnings per share for the current year.

NetApp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 22nd. Investors of record on Friday, April 3rd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, April 2nd. NetApp’s dividend payout ratio (DPR) is currently 34.78%.

Insider Transactions at NetApp

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $117.73, for a total transaction of $117,730.00. Following the completion of the transaction, the executive vice president directly owned 18,382 shares of the company’s stock, valued at $2,164,112.86. This trade represents a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 3,000 shares of company stock worth $314,650. 0.28% of the stock is owned by company insiders.

NetApp Company 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.