NetApp, Inc. (NTAP) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,375 shares of the data storage provider’s stock after acquiring an additional 10,534 shares during the quarter. Toronto Dominion Bank’s holdings in NetApp were worth $4,480,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Exane Derivatives boosted its stake in shares of NetApp by 59,850.0% during the 3rd quarter. Exane Derivatives now owns 2,398 shares of the data storage provider’s stock worth $105,000 after acquiring an additional 2,394 shares in the last quarter. First Personal Financial Services boosted its stake in shares of NetApp by 27,540.0% during the 3rd quarter. First Personal Financial Services now owns 2,764 shares of the data storage provider’s stock worth $121,000 after acquiring an additional 2,754 shares in the last quarter. Krilogy Financial LLC purchased a new stake in shares of NetApp during the 2nd quarter worth approximately $122,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of NetApp during the 3rd quarter worth approximately $206,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of NetApp by 3.7% during 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 in the last quarter. 97.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $42.01, for a total transaction of $83,011.76. Following the transaction, the executive vice president now owns 17,812 shares of the company’s stock, valued at $748,282.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurian sold 4,570 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total transaction of $173,568.60. Following the transaction, the chief executive officer now directly owns 23,028 shares in the company, valued at approximately $874,603.44. The disclosure for this sale can be found here. Insiders have sold 74,343 shares of company stock worth $3,302,273 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

A number of equities research analysts recently issued reports on NTAP shares. Robert W. Baird reaffirmed a “hold” rating on shares of NetApp in a research note on Thursday. BidaskClub lowered NetApp from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. DA Davidson upped their target price on NetApp from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, November 14th. Barclays PLC reaffirmed an “overweight” rating and issued a $56.00 target price (up previously from $52.00) on shares of NetApp in a research note on Thursday. Finally, ValuEngine raised NetApp from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.68.

NetApp, Inc. (NTAP) opened at $52.95 on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.64 and a current ratio of 1.67. NetApp, Inc. has a 12-month low of $34.72 and a 12-month high of $54.72. The company has a market cap of $14,283.67, a PE ratio of 19.91, a PEG ratio of 1.85 and a beta of 1.16.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. research analysts forecast that NetApp, Inc. will post 2.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Friday, January 5th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.80 annualized dividend and a dividend yield of 1.51%. NetApp’s payout ratio is 34.33%.

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NetApp 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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