ANTIPODES PARTNERS Ltd boosted its position in shares of NetApp Inc. (NASDAQ:NTAP) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,555,383 shares of the data storage provider’s stock after buying an additional 102,872 shares during the quarter. NetApp makes up 5.0% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 7th biggest position. ANTIPODES PARTNERS Ltd owned about 0.58% of NetApp worth $86,044,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its position in NetApp by 25.4% during the second quarter. Toronto Dominion Bank now owns 91,841 shares of the data storage provider’s stock valued at $3,678,000 after buying an additional 18,613 shares during the period. Personal Capital Advisors Corp acquired a new stake in NetApp during the third quarter valued at $269,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in NetApp by 9.0% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,939 shares of the data storage provider’s stock valued at $960,000 after buying an additional 1,809 shares during the period. GHP Investment Advisors Inc. grew its position in NetApp by 18.1% during the third quarter. GHP Investment Advisors Inc. now owns 46,379 shares of the data storage provider’s stock valued at $2,030,000 after buying an additional 7,123 shares during the period. Finally, Oakview Capital Management L.P. acquired a new stake in NetApp during the third quarter valued at $24,533,000. Institutional investors own 94.73% of the company’s stock.
NetApp Inc. (NASDAQ NTAP) opened at $63.59 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.67 and a quick ratio of 1.64. The firm has a market cap of $16,613.13, a PE ratio of 27.29, a PEG ratio of 1.99 and a beta of 1.29. NetApp Inc. has a 52 week low of $35.41 and a 52 week high of $63.97.
NetApp (NASDAQ:NTAP) last posted its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.12. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. NetApp had a net margin of 11.49% and a return on equity of 26.77%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.60 earnings per share. research analysts anticipate that NetApp Inc. will post 2.76 EPS for the current year.
The firm 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, January 4th. NetApp’s dividend payout ratio is currently 34.33%.
In other NetApp news, CEO George Kurian sold 7,020 shares of NetApp stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $55.83, for a total transaction of $391,926.60. Following the transaction, the chief executive officer now directly owns 31,483 shares of the company’s stock, valued at $1,757,695.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Henri P. Richard sold 1,976 shares of NetApp stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $44.62, for a total transaction of $88,169.12. Following the transaction, the executive vice president now directly owns 13,860 shares in the company, valued at $618,433.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 197,604 shares of company stock worth $10,389,277. Insiders own 0.47% of the company’s stock.
Several equities analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $60.00 price objective on shares of NetApp in a report on Monday, December 11th. ValuEngine downgraded shares of NetApp from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BMO Capital Markets raised shares of NetApp from a “market perform” rating to an “outperform” rating in a report on Sunday, November 26th. UBS Group reaffirmed a “buy” rating and set a $62.00 price objective (up from $52.00) on shares of NetApp in a report on Wednesday, November 22nd. Finally, Argus increased their price objective on shares of NetApp from $46.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and fourteen have given a buy rating to the company. NetApp presently has a consensus rating of “Hold” and a consensus target price of $50.15.
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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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