Stonehage Fleming Financial Services Holdings Ltd Invests $157,000 in NetApp, Inc. $NTAP

Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of NetApp, Inc. (NASDAQ:NTAP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,476 shares of the data storage provider’s stock, valued at approximately $157,000.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC raised 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 purchasing an additional 225 shares during the period. 1248 Management LLC acquired a new stake in NetApp in the 1st quarter valued at approximately $25,000. Olde Wealth Management LLC acquired a new stake in NetApp in the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. raised its position in NetApp by 54.9% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 350 shares of the data storage provider’s stock valued at $31,000 after buying an additional 124 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in NetApp in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Stock Down 5.3%

NASDAQ:NTAP opened at $113.94 on Friday. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45. NetApp, Inc. has a twelve month low of $71.84 and a twelve month high of $135.45. The stock’s 50 day moving average price is $115.80 and its two-hundred day moving average price is $103.63. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 2.55.

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 the consensus estimate of $1.54 by ($0.35). The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.54 billion. NetApp had a return on equity of 123.24% and a net margin of 17.77%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $1.56 EPS. NetApp has set its FY 2026 guidance at 7.600-7.900 EPS. Q2 2026 guidance at 1.840-1.940 EPS. Equities research analysts expect that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Friday, October 3rd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. NetApp’s payout ratio is presently 36.75%.

Analyst Ratings Changes

NTAP has been the topic of a number of recent research reports. Bank of America lifted their target price on NetApp from $121.00 to $125.00 and gave the company a “neutral” rating in a research report on Monday, August 25th. Northland Securities lifted their target price on NetApp from $119.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, August 28th. Barclays lifted their target price on NetApp from $117.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Citigroup lifted their target price on NetApp from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Finally, Wedbush reissued a “neutral” rating and issued a $110.00 target price on shares of NetApp in a research report on Friday. Seven research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, NetApp has a consensus rating of “Hold” and a consensus target price of $121.40.

Insider Buying and Selling

In related 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 transaction, the chief executive officer directly owned 274,938 shares of the company’s stock, valued at approximately $33,792,629.58. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $123.67, for a total value of $123,670.00. Following the transaction, the executive vice president directly owned 23,628 shares in the company, valued at $2,922,074.76. The trade was a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,529 shares of company stock valued at $3,243,874. 0.28% of the stock is 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.