Hanseatic Management Services Inc. grew its position in shares of NetApp Inc. (NASDAQ:NTAP) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,705 shares of the data storage provider’s stock after buying an additional 1,015 shares during the period. NetApp accounts for 1.4% of Hanseatic Management Services Inc.’s investment portfolio, making the stock its 9th largest position. Hanseatic Management Services Inc.’s holdings in NetApp were worth $1,422,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in NTAP. Raymond James Financial Services Advisors Inc. bought a new position in NetApp in the 3rd quarter worth about $1,179,000. Crossmark Global Holdings Inc. bought a new position in NetApp in the 3rd quarter worth about $915,000. Victory Capital Management Inc. increased its stake in NetApp by 1,834.0% in the 3rd quarter. Victory Capital Management Inc. now owns 90,279 shares of the data storage provider’s stock worth $3,951,000 after acquiring an additional 85,611 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in NetApp by 6.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 41,969 shares of the data storage provider’s stock worth $1,837,000 after acquiring an additional 2,412 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new position in NetApp in the 3rd quarter worth about $279,000. Institutional investors own 94.99% of the company’s stock.
In other news, Director Thomas Michael Nevens sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $55.67, for a total value of $1,113,400.00. Following the completion of the transaction, the director now owns 17,000 shares of the company’s stock, valued at approximately $946,390. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurian sold 7,020 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $55.83, for a total value of $391,926.60. Following the completion of the transaction, the chief executive officer now directly owns 31,483 shares of the company’s stock, valued at approximately $1,757,695.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,027 shares of company stock valued at $3,653,425. Company insiders own 0.47% of the company’s stock.
Shares of NetApp Inc. (NASDAQ NTAP) opened at $65.74 on Monday. NetApp Inc. has a fifty-two week low of $37.43 and a fifty-two week high of $65.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.88. The firm has a market capitalization of $17,484.64, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.08 and a beta of 1.29.
NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, February 14th. The data storage provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. NetApp had a positive return on equity of 29.38% and a negative net margin of 0.09%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business posted $0.82 EPS. sell-side analysts forecast that NetApp Inc. will post 2.91 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Friday, April 6th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, April 5th. NetApp’s dividend payout ratio (DPR) is currently -1,000.00%.
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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