Universal Beteiligungs und Servicegesellschaft mbH Sells 100,507 Shares of NetApp, Inc. $NTAP

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in NetApp, Inc. (NASDAQ:NTAP) by 30.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,759 shares of the data storage provider’s stock after selling 100,507 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of NetApp worth $24,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its position in shares of NetApp by 375.0% during the first quarter. Manchester Capital Management LLC now owns 285 shares of the data storage provider’s stock worth $25,000 after buying an additional 225 shares during the period. 1248 Management LLC bought a new stake in NetApp in the 1st quarter valued at approximately $25,000. Harbour Investments Inc. boosted its position in NetApp by 287.9% during the 2nd quarter. Harbour Investments Inc. now owns 256 shares of the data storage provider’s stock worth $27,000 after acquiring an additional 190 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NetApp during the 2nd quarter worth approximately $28,000. Finally, CVA Family Office LLC raised its holdings in shares of NetApp by 300.0% in the second quarter. CVA Family Office LLC now owns 292 shares of the data storage provider’s stock valued at $31,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Analysts Set New Price Targets

NTAP has been the subject of a number of analyst reports. Oppenheimer assumed coverage on shares of NetApp in a research report on Monday. They issued a “market perform” rating for the company. Bank of America upped their target price on NetApp from $121.00 to $125.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Argus restated a “buy” rating and issued a $130.00 price target on shares of NetApp in a research note on Friday, August 29th. Citigroup cut their price objective on NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, William Blair restated a “market perform” rating on shares of NetApp in a report on Thursday, October 16th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, NetApp currently has an average rating of “Hold” and a consensus price target of $122.07.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $106.80 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.28 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $21.32 billion, a P/E ratio of 18.87, a P/E/G ratio of 2.48 and a beta of 1.46. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $135.45. The stock has a 50 day moving average of $118.40 and a 200-day moving average of $109.57.

NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, August 27th. The data storage provider reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.35). NetApp had a net margin of 17.77% and a return on equity of 123.24%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company posted $1.56 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. As a group, equities research analysts predict that NetApp, Inc. will post 5.89 EPS for the current year.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 22nd. Stockholders of record on Friday, October 3rd were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, October 3rd. NetApp’s dividend payout ratio (DPR) is currently 36.75%.

Insider Buying and Selling

In other news, CEO George Kurian sold 8,750 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $122.91, for a total transaction of $1,075,462.50. Following the completion of the sale, the chief executive officer owned 274,938 shares in the company, valued at $33,792,629.58. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Lorenzo Daniel De sold 779 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total value of $94,936.73. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,529 shares of company stock valued at $1,413,069. Company insiders own 0.28% 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.