SG Americas Securities LLC reduced its stake in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 78.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,300 shares of the data storage provider’s stock after selling 89,090 shares during the quarter. SG Americas Securities LLC’s holdings in NetApp were worth $1,857,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Signet Financial Management LLC raised its holdings in NetApp by 1.8% in the 1st quarter. Signet Financial Management LLC now owns 8,436 shares of the data storage provider’s stock valued at $539,000 after acquiring an additional 150 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in NetApp by 52.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 443 shares of the data storage provider’s stock valued at $28,000 after acquiring an additional 152 shares during the period. Global Retirement Partners LLC raised its holdings in NetApp by 51.6% in the 1st quarter. Global Retirement Partners LLC now owns 464 shares of the data storage provider’s stock valued at $29,000 after acquiring an additional 158 shares during the period. EverSource Wealth Advisors LLC raised its holdings in NetApp by 12.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,455 shares of the data storage provider’s stock valued at $93,000 after acquiring an additional 159 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of NetApp by 0.8% during the first quarter. Rockefeller Capital Management L.P. now owns 26,989 shares of the data storage provider’s stock worth $1,722,000 after purchasing an additional 203 shares during the period. 90.25% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, EVP Elizabeth M. O’callahan sold 871 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $79.58, for a total value of $69,314.18. Following the transaction, the executive vice president now owns 12,770 shares in the company, valued at $1,016,236.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Elizabeth M. O’callahan sold 871 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $79.58, for a total value of $69,314.18. Following the transaction, the executive vice president now owns 12,770 shares in the company, valued at $1,016,236.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Elizabeth M. O’callahan sold 872 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $75.83, for a total transaction of $66,123.76. Following the completion of the transaction, the executive vice president now owns 13,081 shares in the company, valued at approximately $991,932.23. The disclosure for this sale can be found here. Insiders have sold a total of 48,362 shares of company stock valued at $3,787,230 over the last 90 days. 0.37% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on NTAP
NetApp Stock Performance
NASDAQ NTAP opened at $75.90 on Friday. The firm’s fifty day moving average price is $77.57 and its two-hundred day moving average price is $70.89. The stock has a market cap of $15.85 billion, a PE ratio of 13.73, a PEG ratio of 2.13 and a beta of 1.22. NetApp, Inc. has a fifty-two week low of $58.08 and a fifty-two week high of $80.53. The company has a debt-to-equity ratio of 2.74, a quick ratio of 1.24 and a current ratio of 1.28.
NetApp (NASDAQ:NTAP – Get Free Report) last posted its earnings results on Wednesday, August 23rd. The data storage provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.08. NetApp had a net margin of 19.49% and a return on equity of 85.69%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis. On average, equities analysts expect that NetApp, Inc. will post 4.48 EPS for the current fiscal year.
NetApp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.00 annualized dividend and a dividend yield of 2.64%. NetApp’s dividend payout ratio is 36.17%.
NetApp Profile
NetApp, Inc provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID.
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