Sentry Investment Management LLC Sells 128 Shares of NetApp, Inc. (NASDAQ:NTAP)

Sentry Investment Management LLC decreased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 14.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 783 shares of the data storage provider’s stock after selling 128 shares during the quarter. Sentry Investment Management LLC’s holdings in NetApp were worth $91,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NTAP. Private Advisor Group LLC raised its position in shares of NetApp by 25.4% during the third quarter. Private Advisor Group LLC now owns 3,166 shares of the data storage provider’s stock valued at $391,000 after buying an additional 642 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of NetApp by 1.8% during the third quarter. Assenagon Asset Management S.A. now owns 27,091 shares of the data storage provider’s stock valued at $3,346,000 after buying an additional 474 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of NetApp by 4.3% during the third quarter. Nisa Investment Advisors LLC now owns 81,544 shares of the data storage provider’s stock valued at $10,071,000 after buying an additional 3,386 shares during the last quarter. Pallas Capital Advisors LLC raised its position in shares of NetApp by 98.1% during the third quarter. Pallas Capital Advisors LLC now owns 4,118 shares of the data storage provider’s stock valued at $494,000 after buying an additional 2,039 shares during the last quarter. Finally, Great Diamond Partners LLC bought a new stake in shares of NetApp during the third quarter valued at approximately $1,727,000. Institutional investors own 92.17% of the company’s stock.

NetApp Stock Up 1.5 %

NASDAQ NTAP opened at $124.49 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. The company has a fifty day moving average of $120.19 and a two-hundred day moving average of $122.04. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.45 and a beta of 1.23. NetApp, Inc. has a 52 week low of $86.43 and a 52 week high of $135.45.

Wall Street Analysts Forecast Growth

NTAP has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Citigroup raised their target price on shares of NetApp from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised shares of NetApp from a “neutral” rating to an “overweight” rating and set a $160.00 target price for the company in a report on Monday, December 16th. Keefe, Bruyette & Woods raised shares of NetApp to an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays raised their target price on shares of NetApp from $119.00 to $132.00 and gave the company an “equal weight” rating in a report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NetApp presently has a consensus rating of “Hold” and an average target price of $137.33.

Insider Transactions at NetApp

In other news, EVP Elizabeth M. O’callahan sold 452 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $120.75, for a total value of $54,579.00. Following the transaction, the executive vice president now directly owns 11,553 shares in the company, valued at approximately $1,395,024.75. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $119.04, for a total transaction of $1,011,840.00. Following the completion of the transaction, the chief executive officer now owns 266,765 shares in the company, valued at approximately $31,755,705.60. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,903 shares of company stock worth $7,260,341. Insiders own 0.47% of the company’s stock.

NetApp Company 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.