Stifel Financial Corp lessened its holdings in NetApp Inc. (NASDAQ:NTAP) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,667 shares of the data storage provider’s stock after selling 1,857 shares during the period. Stifel Financial Corp owned about 0.15% of NetApp worth $17,274,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank boosted its holdings in NetApp by 25.4% in the 2nd quarter. Toronto Dominion Bank now owns 91,841 shares of the data storage provider’s stock worth $3,678,000 after buying an additional 18,613 shares during the period. Personal Capital Advisors Corp bought a new position in NetApp in the 3rd quarter valued at $269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in NetApp by 9.0% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,939 shares of the data storage provider’s stock valued at $960,000 after purchasing an additional 1,809 shares during the period. GHP Investment Advisors Inc. boosted its holdings in NetApp by 18.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 46,379 shares of the data storage provider’s stock valued at $2,030,000 after purchasing an additional 7,123 shares during the period. Finally, Aberdeen Asset Management PLC UK boosted its holdings in NetApp by 13.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 547,294 shares of the data storage provider’s stock valued at $21,918,000 after purchasing an additional 64,722 shares during the period. Institutional investors own 94.71% of the company’s stock.
In other news, EVP Henri P. Richard sold 1,976 shares of NetApp stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.91, for a total transaction of $110,478.16. Following the completion of the transaction, the executive vice president now directly owns 11,884 shares of the company’s stock, valued at approximately $664,434.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Joel D. Reich sold 15,000 shares of NetApp stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $56.99, for a total transaction of $854,850.00. Following the sale, the vice president now directly owns 441 shares in the company, valued at approximately $25,132.59. The disclosure for this sale can be found here. Insiders sold a total of 166,060 shares of company stock valued at $8,607,977 over the last quarter. 0.47% of the stock is owned by company insiders.
NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. NetApp had a net margin of 11.49% and a return on equity of 26.77%. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up 6.1% compared to the same quarter last year. analysts predict that NetApp Inc. will post 2.72 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, January 4th. NetApp’s dividend payout ratio (DPR) is presently 34.33%.
NTAP has been the topic of several research reports. ValuEngine cut shares of NetApp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS Group raised shares of NetApp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $42.00 to $45.00 in a report on Tuesday, September 19th. Morgan Stanley reissued an “underweight” rating on shares of NetApp in a report on Saturday, September 23rd. Drexel Hamilton reaffirmed a “buy” rating and set a $62.00 target price on shares of NetApp in a research note on Monday, September 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $51.00 target price on shares of NetApp in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $50.15.
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NetApp, Inc (NetApp) provides software, systems and services to manage and store customer data. The Company enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. The Company offers a portfolio of products and services that satisfy a range of customer workloads across different data types and deployment models.
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