NetApp, Inc. (NASDAQ:NTAP) Stock Holdings Lifted by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 28.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,431 shares of the data storage provider’s stock after acquiring an additional 765 shares during the period. Atria Wealth Solutions Inc.’s holdings in NetApp were worth $302,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of NetApp by 65.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,615 shares of the data storage provider’s stock valued at $7,812,000 after acquiring an additional 35,172 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of NetApp by 26.1% in the fourth quarter. Nordea Investment Management AB now owns 317,073 shares of the data storage provider’s stock worth $27,855,000 after buying an additional 65,644 shares during the period. Vest Financial LLC grew its holdings in shares of NetApp by 24.1% during the fourth quarter. Vest Financial LLC now owns 147,518 shares of the data storage provider’s stock valued at $13,005,000 after buying an additional 28,609 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in NetApp by 2.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 86,556 shares of the data storage provider’s stock valued at $6,568,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in NetApp during the third quarter valued at approximately $817,000. 92.17% of the stock is owned by institutional investors.

Insider Activity at NetApp

In other news, CFO Michael J. Berry sold 7,500 shares of NetApp stock in a transaction that occurred 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 owns 152,409 shares of the company’s stock, valued at approximately $15,660,024.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Michael J. Berry sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 144,909 shares of the company’s stock, valued at $14,877,807.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael J. Berry sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $102.75, for a total transaction of $770,625.00. Following the transaction, the chief financial officer now owns 152,409 shares of the company’s stock, valued at approximately $15,660,024.75. The disclosure for this sale can be found here. Insiders have sold 40,371 shares of company stock worth $4,139,505 over the last three months. Company insiders own 0.37% of the company’s stock.

NetApp Stock Performance

NTAP opened at $109.48 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 2.00. The stock’s 50 day moving average price is $102.69 and its two-hundred day moving average price is $90.85. The firm has a market capitalization of $22.59 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 2.18 and a beta of 1.27. NetApp, Inc. has a 12-month low of $62.29 and a 12-month high of $112.48.

NetApp (NASDAQ:NTAP) last announced its quarterly earnings data on Thursday, February 29th. The data storage provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.25. NetApp had a net margin of 15.21% and a return on equity of 109.49%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company posted $1.02 earnings per share. NetApp’s quarterly revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that NetApp, Inc. will post 5.16 earnings per share for the current year.

NetApp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Friday, April 5th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, April 4th. NetApp’s dividend payout ratio (DPR) is presently 45.45%.

Analysts Set New Price Targets

Several analysts recently issued reports on NTAP shares. Stifel Nicolaus reiterated a “buy” rating and set a $120.00 price objective (up from $105.00) on shares of NetApp in a report on Friday, March 1st. Citigroup increased their price objective on NetApp from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, March 5th. Evercore ISI lifted their target price on shares of NetApp from $95.00 to $105.00 and gave the company an “in-line” rating in a research note on Friday, March 1st. TD Cowen increased their price target 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 raised their price target on shares of NetApp from $80.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $100.60.

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.