NetApp, Inc. (NASDAQ:NTAP) Shares Sold by Natixis

Natixis lessened its stake in NetApp, Inc. (NASDAQ:NTAP) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,927 shares of the data storage provider’s stock after selling 77,794 shares during the quarter. Natixis’ holdings in NetApp were worth $4,519,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of NetApp in the 4th quarter valued at about $306,440,000. Boston Partners raised its position in shares of NetApp by 53.9% during the 4th quarter. Boston Partners now owns 2,083,189 shares of the data storage provider’s stock worth $241,867,000 after purchasing an additional 729,394 shares during the period. KBC Group NV lifted its holdings in shares of NetApp by 276.9% in the 4th quarter. KBC Group NV now owns 891,033 shares of the data storage provider’s stock worth $103,431,000 after purchasing an additional 654,626 shares during the last quarter. Raymond James Financial Inc. acquired a new position in NetApp during the 4th quarter valued at approximately $64,683,000. Finally, Invesco Ltd. increased its position in NetApp by 20.4% in the fourth quarter. Invesco Ltd. now owns 3,123,228 shares of the data storage provider’s stock worth $362,544,000 after buying an additional 529,471 shares during the period. Institutional investors own 92.17% of the company’s stock.

Analysts Set New Price Targets

NTAP has been the subject of several analyst reports. Susquehanna downgraded shares of NetApp from a “positive” rating to a “neutral” rating and reduced their price target for the company from $155.00 to $130.00 in a report on Monday, February 10th. Bank of America upgraded shares of NetApp from an “underperform” rating to a “neutral” rating and raised their price target for the company from $121.00 to $128.00 in a research note on Wednesday, February 19th. Citigroup decreased their price objective on NetApp from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Wells Fargo & Company cut their target price on NetApp from $130.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Finally, Keefe, Bruyette & Woods upgraded shares of NetApp to an “outperform” rating in a research note on Wednesday, February 19th. Twelve equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $125.07.

NetApp Stock Down 1.1 %

NTAP stock opened at $81.68 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.91 and a quick ratio of 0.84. The firm has a market cap of $16.61 billion, a PE ratio of 15.01, a P/E/G ratio of 2.45 and a beta of 1.31. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $135.45. The firm has a 50 day simple moving average of $95.52 and a 200 day simple moving average of $112.42.

NetApp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, April 4th. NetApp’s dividend payout ratio is presently 38.52%.

Insider Buying and Selling

In other NetApp news, CFO Michael J. Berry sold 12,500 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the sale, the chief financial officer now directly owns 123,243 shares of the company’s stock, valued at $14,880,359.82. The trade was a 9.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Cesar Cernuda sold 19,696 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $90.15, for a total value of $1,775,594.40. Following the completion of the sale, the president now directly owns 11,928 shares of the company’s stock, valued at approximately $1,075,309.20. This trade represents a 62.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,676 shares of company stock worth $4,400,146 in the last three months. 0.47% of the stock is currently owned by insiders.

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.