20,500 Shares in NetApp Inc. (NASDAQ:NTAP) Purchased by Tibra Equities Europe Ltd

Tibra Equities Europe Ltd bought a new position in shares of NetApp Inc. (NASDAQ:NTAP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,500 shares of the data storage provider’s stock, valued at approximately $1,076,000.

Several other large investors have also added to or reduced their stakes in the stock. Hexavest Inc. purchased a new position in shares of NetApp during the second quarter valued at approximately $26,000. Oregon Public Employees Retirement Fund grew its stake in NetApp by 1.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 64,025 shares of the data storage provider’s stock worth $3,950,000 after purchasing an additional 769 shares during the period. IFM Investors Pty Ltd grew its stake in NetApp by 18.2% in the second quarter. IFM Investors Pty Ltd now owns 19,539 shares of the data storage provider’s stock worth $1,206,000 after purchasing an additional 3,007 shares during the period. CWM Advisors LLC grew its stake in NetApp by 13.1% in the second quarter. CWM Advisors LLC now owns 4,465 shares of the data storage provider’s stock worth $276,000 after purchasing an additional 518 shares during the period. Finally, NEXT Financial Group Inc purchased a new stake in NetApp in the second quarter worth $49,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Shares of NASDAQ:NTAP traded up $0.26 during midday trading on Friday, reaching $59.20. 71,215 shares of the company’s stock traded hands, compared to its average volume of 1,955,397. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.42 and a beta of 1.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.39 and a current ratio of 1.42. NetApp Inc. has a one year low of $44.55 and a one year high of $83.95. The stock has a 50 day moving average of $54.16 and a 200 day moving average of $57.95.

NetApp (NASDAQ:NTAP) last posted its earnings results on Wednesday, August 14th. The data storage provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.19. NetApp had a return on equity of 77.11% and a net margin of 16.74%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. NetApp’s revenue was down 16.1% on a year-over-year basis. Sell-side analysts predict that NetApp Inc. will post 3.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 23rd. Shareholders of record on Friday, October 4th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, October 3rd. NetApp’s dividend payout ratio is 47.76%.

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Several equities research analysts recently weighed in on NTAP shares. Morgan Stanley set a $41.00 price target on NetApp and gave the stock a “sell” rating in a research note on Monday, September 30th. Maxim Group reaffirmed a “buy” rating and issued a $70.00 price target (up from $65.00) on shares of NetApp in a research note on Thursday, August 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $60.00 price target (down from $62.00) on shares of NetApp in a research note on Thursday, August 15th. Cowen upped their price target on NetApp from $45.00 to $60.00 and gave the stock a “market perform” rating in a research note on Monday. Finally, Barclays reaffirmed an “equal weight” rating and issued a $48.00 price target (up from $47.00) on shares of NetApp in a research note on Thursday, August 15th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eleven have given a buy rating to the stock. NetApp presently has an average rating of “Hold” and a consensus price target of $60.45.

In other NetApp news, VP Joel D. Reich sold 3,963 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $47.29, for a total value of $187,410.27. Following the transaction, the vice president now owns 12,249 shares of the company’s stock, valued at $579,255.21. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gerald Held sold 10,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $46.94, for a total value of $469,400.00. Following the completion of the transaction, the director now directly owns 17,391 shares in the company, valued at approximately $816,333.54. The disclosure for this sale can be found here. In the last three months, insiders sold 20,963 shares of company stock worth $987,420. 0.33% of the stock is owned by corporate insiders.

NetApp Profile

NetApp, Inc provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud.

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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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