Capital Fund Management S.A. Grows Position in NetApp, Inc. (NTAP)

Capital Fund Management S.A. increased its position in NetApp, Inc. (NASDAQ:NTAP) by 1,946.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,260 shares of the data storage provider’s stock after acquiring an additional 219,960 shares during the period. Capital Fund Management S.A. owned approximately 0.09% of NetApp worth $9,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NTAP. American Beacon Advisors Inc. acquired a new stake in shares of NetApp in the 1st quarter worth approximately $110,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of NetApp by 3.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,189 shares of the data storage provider’s stock worth $208,000 after acquiring an additional 185 shares during the period. Eagle Global Advisors LLC acquired a new stake in shares of NetApp in the 2nd quarter worth approximately $210,000. CAPROCK Group Inc. grew its holdings in shares of NetApp by 0.8% in the 2nd quarter. CAPROCK Group Inc. now owns 5,278 shares of the data storage provider’s stock worth $211,000 after acquiring an additional 44 shares during the period. Finally, Pitcairn Co. acquired a new stake in shares of NetApp in the 2nd quarter worth approximately $211,000. Institutional investors and hedge funds own 92.10% of the company’s stock.

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In other NetApp news, CEO George Kurian sold 4,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $43.67, for a total transaction of $174,680.00. Following the completion of the transaction, the chief executive officer now owns 27,598 shares of the company’s stock, valued at approximately $1,205,204.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joel D. Reich sold 9,031 shares of the business’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $39.81, for a total transaction of $359,524.11. Following the transaction, the vice president now directly owns 10,902 shares of the company’s stock, valued at approximately $434,008.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,226 shares of company stock valued at $3,344,026. Company insiders own 0.47% of the company’s stock.

A number of equities research analysts recently weighed in on NTAP shares. Citigroup Inc. upped their price target on NetApp from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Stifel Nicolaus restated a “hold” rating and issued a $37.00 price target on shares of NetApp in a report on Friday, May 26th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $50.00 price target (up previously from $48.00) on shares of NetApp in a report on Wednesday, August 16th. Raymond James Financial, Inc. restated a “market perform” rating on shares of NetApp in a report on Sunday, August 20th. Finally, Drexel Hamilton restated a “buy” rating and issued a $62.00 price target on shares of NetApp in a report on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $43.70.

NetApp, Inc. (NTAP) traded down 0.16% on Friday, reaching $38.63. The company’s stock had a trading volume of 2,784,918 shares. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 18.65 and a beta of 1.22. NetApp, Inc. has a 1-year low of $30.36 and a 1-year high of $45.24. The stock has a 50 day moving average price of $41.08 and a 200-day moving average price of $40.67.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. NetApp’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. Equities analysts predict that NetApp, Inc. will post $3.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 6th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, October 5th. NetApp’s dividend payout ratio is presently 38.65%.

NetApp Company Profile

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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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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