OxFORD Asset Management LLP trimmed its holdings in NetApp, Inc. (NASDAQ:NTAP) by 22.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,034 shares of the data storage provider’s stock after selling 22,862 shares during the quarter. OxFORD Asset Management LLP’s holdings in NetApp were worth $3,441,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in NTAP. Strs Ohio boosted its holdings in NetApp by 8.2% in the second quarter. Strs Ohio now owns 36,150 shares of the data storage provider’s stock valued at $1,447,000 after purchasing an additional 2,737 shares in the last quarter. NGAM Advisors L.P. boosted its holdings in NetApp by 5.4% in the second quarter. NGAM Advisors L.P. now owns 72,981 shares of the data storage provider’s stock valued at $2,923,000 after purchasing an additional 3,735 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in NetApp by 14.5% in the second quarter. Janney Montgomery Scott LLC now owns 23,399 shares of the data storage provider’s stock valued at $937,000 after purchasing an additional 2,971 shares in the last quarter. CIBC Asset Management Inc lifted its stake in NetApp by 0.9% in the second quarter. CIBC Asset Management Inc now owns 31,161 shares of the data storage provider’s stock valued at $1,248,000 after buying an additional 275 shares during the last quarter. Finally, Global X Management Co. LLC lifted its stake in NetApp by 15.8% in the second quarter. Global X Management Co. LLC now owns 9,195 shares of the data storage provider’s stock valued at $368,000 after buying an additional 1,253 shares during the last quarter. 93.92% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on NTAP. BidaskClub cut NetApp from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Citigroup boosted their price objective on NetApp from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Thursday, August 17th. Susquehanna Bancshares reiterated a “positive” rating and issued a $50.00 price objective (up previously from $48.00) on shares of NetApp in a research note on Wednesday, August 16th. Piper Jaffray Companies set a $50.00 price objective on NetApp and gave the company a “buy” rating in a research note on Monday, August 14th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $62.00 price objective (up previously from $60.00) on shares of NetApp in a research note on Friday, August 18th. Two investment 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. The company currently has an average rating of “Hold” and an average price target of $49.04.
NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. NetApp had a return on equity of 26.77% and a net margin of 11.49%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $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 2.72 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 paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, January 4th. NetApp’s dividend payout ratio (DPR) is presently 34.33%.
In other NetApp news, EVP Henri P. Richard sold 1,976 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $42.01, for a total value of $83,011.76. Following the completion of the transaction, the executive vice president now owns 17,812 shares in the company, valued at $748,282.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joel D. Reich sold 3,371 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $53.17, for a total value of $179,236.07. The disclosure for this sale can be found here. Insiders sold 187,036 shares of company stock valued at $9,316,158 in the last quarter. 0.47% of the stock is currently owned by company insiders.
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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