Mn Services Vermogensbeheer B.V. Purchases 300 Shares of NetApp, Inc. (NASDAQ:NTAP)

Mn Services Vermogensbeheer B.V. raised its stake in NetApp, Inc. (NASDAQ:NTAP) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,200 shares of the data storage provider’s stock after acquiring an additional 300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in NetApp were worth $9,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hennessy Advisors Inc. increased its holdings in NetApp by 0.3% in the 4th quarter. Hennessy Advisors Inc. now owns 41,209 shares of the data storage provider’s stock valued at $3,633,000 after acquiring an additional 134 shares during the last quarter. Huntington National Bank increased its holdings in NetApp by 40.4% in the 3rd quarter. Huntington National Bank now owns 490 shares of the data storage provider’s stock valued at $37,000 after acquiring an additional 141 shares during the last quarter. Blue Trust Inc. increased its holdings in NetApp by 14.4% in the 4th quarter. Blue Trust Inc. now owns 1,187 shares of the data storage provider’s stock valued at $105,000 after acquiring an additional 149 shares during the last quarter. UMB Bank n.a. increased its holdings in NetApp by 82.9% in the 4th quarter. UMB Bank n.a. now owns 331 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 150 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in NetApp by 2.6% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 6,279 shares of the data storage provider’s stock valued at $554,000 after acquiring an additional 158 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Michael J. Berry sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $102.67, for a total value of $1,540,050.00. Following the sale, the chief financial officer now directly owns 144,909 shares of the company’s stock, valued at approximately $14,877,807.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Michael J. Berry sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $102.67, for a total value of $1,540,050.00. Following the sale, the chief financial officer now directly owns 144,909 shares of the company’s stock, valued at approximately $14,877,807.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael J. Berry sold 7,500 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $102.75, for a total transaction of $770,625.00. Following the sale, the chief financial officer now directly owns 152,409 shares in the company, valued at $15,660,024.75. The disclosure for this sale can be found here. Insiders have sold 31,871 shares of company stock valued at $3,262,645 in the last ninety days. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NTAP. Citigroup lifted their price target on shares of NetApp from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, March 5th. Argus raised shares of NetApp from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Monday, March 4th. Wedbush lifted their price objective on shares of NetApp from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. TD Cowen lifted their price objective on shares of NetApp from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, Barclays lifted their price objective on shares of NetApp from $80.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Friday, March 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $97.94.

NetApp Stock Up 0.6 %

NASDAQ:NTAP opened at $102.37 on Tuesday. The company has a market cap of $21.13 billion, a PE ratio of 23.27, a P/E/G ratio of 2.25 and a beta of 1.28. NetApp, Inc. has a twelve month low of $60.92 and a twelve month high of $112.48. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 2.00. The company’s 50 day moving average is $98.03 and its two-hundred day moving average is $87.91.

NetApp (NASDAQ:NTAP) last released its earnings results on Thursday, February 29th. The data storage provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.25. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. NetApp had a net margin of 15.21% and a return on equity of 109.49%. NetApp’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. Analysts anticipate that NetApp, Inc. will post 5.16 EPS for the current year.

NetApp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, April 4th. NetApp’s dividend payout ratio (DPR) is currently 45.45%.

NetApp 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.