Krilogy Financial LLC Acquires Shares of 3,040 NetApp, Inc. (NTAP)

Krilogy Financial LLC acquired a new stake in NetApp, Inc. (NASDAQ:NTAP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,040 shares of the data storage provider’s stock, valued at approximately $122,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BTIM Corp. increased its position in NetApp by 4.5% in the 2nd quarter. BTIM Corp. now owns 118,219 shares of the data storage provider’s stock valued at $4,735,000 after acquiring an additional 5,099 shares in the last quarter. Janus Capital Management LLC increased its position in NetApp by 55.1% in the 1st quarter. Janus Capital Management LLC now owns 725,050 shares of the data storage provider’s stock valued at $30,343,000 after acquiring an additional 257,433 shares in the last quarter. Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in NetApp in the 2nd quarter valued at about $280,000. Aberdeen Asset Management PLC UK increased its position 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 acquiring an additional 64,722 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in NetApp by 8,443.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 5,468 shares of the data storage provider’s stock valued at $229,000 after acquiring an additional 5,404 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Several equities research analysts have weighed in on NTAP shares. BidaskClub cut shares of NetApp from a “hold” rating to a “sell” rating in a research report on Saturday, June 17th. Goldman Sachs Group, Inc. (The) upgraded shares of NetApp from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $47.00 in a research report on Friday, July 14th. Credit Suisse Group raised their price objective on shares of NetApp from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Robert W. Baird set a $44.00 price objective on shares of NetApp and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, Maxim Group upgraded shares of NetApp from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $56.00 in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.12.

Shares of NetApp, Inc. (NTAP) traded up 1.50% on Friday, reaching $44.07. 449,021 shares of the company’s stock were exchanged. NetApp, Inc. has a 52-week low of $30.36 and a 52-week high of $45.24. The stock has a market cap of $11.89 billion, a P/E ratio of 21.28 and a beta of 1.26. The company’s 50 day moving average price is $41.38 and its 200-day moving average price is $40.83.

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

The company also recently announced 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 dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 5th. NetApp’s dividend payout ratio is currently 38.65%.

In related news, Director Richard P. Wallace sold 34,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $43.53, for a total value of $1,480,020.00. Following the transaction, the director now directly owns 24,132 shares in the company, valued at approximately $1,050,465.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurian sold 4,570 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total value of $173,568.60. Following the completion of the transaction, the chief executive officer now owns 23,028 shares in the company, valued at $874,603.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,498 shares of company stock worth $2,083,785. 0.47% of the stock is owned by company insiders.

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About NetApp

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.

Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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