1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lowered its position in NetApp, Inc. ( NASDAQ:NTAP – Free Report ) by 3.5% during the 4th quarter, Holdings Channel reports.
The fund owned 6,493 shares of the data storage provider’s stock after selling 238 shares during the period. Orion Portfolio Solutions LLC’s holdings in NetApp were worth $754,000 as of its most recent SEC filing. Other hedge funds have also recently added to or reduced their stakes in the company.
denkapparat Operations GmbH acquired a new position in shares of NetApp during the fourth quarter worth approximately $235,000. Pictet Asset Management Holding SA raised its holdings in NetApp by 11.7% during the fourth quarter.
Pictet Asset Management Holding SA now owns 290,517 shares of the data storage provider’s stock worth $33,723,000 after buying an additional 30,527 shares during the last quarter. Nomura Asset Management Co. Ltd.
lifted its stake in shares of NetApp by 0.3% in the fourth quarter. Nomura Asset Management Co.
Ltd. now owns 90,619 shares of the data storage provider’s stock valued at $10,519,000 after buying an additional 264 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of NetApp during the fourth quarter valued at about $2,473,000.
Finally, Norges Bank bought a new stake in shares of NetApp during the fourth quarter worth about $306,440,000. Institutional investors and hedge funds own 92.17% of the company’s stock.
NetApp Stock Down 6.8 % NTAP stock opened at $76.10 on Monday.
The stock has a fifty day moving average of $105.85 and a 200-day moving average of $116.10.
NetApp, Inc. has a fifty-two week low of $74.83 and a fifty-two week high of $135.
45. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 13.
99, a PEG ratio of 2.45 and a beta of 1.31.
The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.
91. NetApp Dividend Announcement Insider Buying and Selling at NetApp In related news, EVP Elizabeth M. O’callahan sold 451 shares of the stock in a transaction on Friday, January 10th.
The stock was sold at an average price of $116.79, for a total value of $52,672.29.
Following the sale, the executive vice president now owns 12,005 shares in the company, valued at approximately $1,402,063.95. This trade represents a 3.
62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, President Cesar Cernuda sold 19,696 shares of NetApp stock in a transaction dated Friday, March 28th.
The shares were sold at an average price of $90.15, for a total value of $1,775,594.40.
Following the sale, the president now 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 50,627 shares of company stock valued at $5,498,573 in the last 90 days.
0.47% of the stock is currently owned by company insiders. Analysts Set New Price Targets Several equities analysts recently weighed in on the stock.
JPMorgan Chase & Co. dropped their price target on shares of NetApp from $160.00 to $153.
00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company dropped their target price on NetApp from $130.00 to $115.
00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Loop Capital decreased their price target on NetApp from $150.00 to $130.
00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Morgan Stanley lifted their price objective on shares of NetApp from $132.00 to $146.
00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Barclays lowered their target price on shares of NetApp from $132.00 to $115.
00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $129.
07. Get Our Latest Report on NTAP NetApp Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding NTAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NetApp, Inc.
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