Oak Associates Ltd. OH Has $10.90 Million Position in NetApp, Inc. (NTAP)

Oak Associates Ltd. OH increased its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 24.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,045 shares of the data storage provider’s stock after acquiring an additional 54,000 shares during the period. Oak Associates Ltd. OH owned about 0.10% of NetApp worth $10,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTAP. American Beacon Advisors Inc. acquired a new stake in shares of NetApp during the 1st quarter worth approximately $110,000. Krilogy Financial LLC acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $122,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of NetApp by 3.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,189 shares of the data storage provider’s stock worth $208,000 after acquiring an additional 185 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $210,000. Finally, CAPROCK Group Inc. boosted its position in shares of NetApp by 0.8% during the 2nd quarter. CAPROCK Group Inc. now owns 5,278 shares of the data storage provider’s stock worth $211,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Shares of NetApp, Inc. (NTAP) traded up 0.48% on Friday, hitting $43.63. 1,856,460 shares of the stock were exchanged. The company has a 50-day moving average price of $41.60 and a 200 day moving average price of $40.85. NetApp, Inc. has a 12 month low of $30.36 and a 12 month high of $45.24. The company has a market cap of $11.77 billion, a PE ratio of 21.07 and a beta of 1.26.

NetApp (NASDAQ:NTAP) last released its earnings results on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts forecast that NetApp, Inc. will post $3.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, October 5th. NetApp’s dividend payout ratio is presently 38.65%.

ILLEGAL ACTIVITY NOTICE: “Oak Associates Ltd. OH Has $10.90 Million Position in NetApp, Inc. (NTAP)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/15/oak-associates-ltd-oh-has-10-90-million-position-in-netapp-inc-ntap.html.

In other news, Director Richard P. Wallace sold 34,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $43.53, for a total value of $1,480,020.00. Following the sale, the director now directly owns 24,132 shares of the company’s stock, valued at approximately $1,050,465.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurian sold 4,570 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total transaction of $173,568.60. Following the completion of the sale, the chief executive officer now directly owns 23,028 shares in the company, valued at $874,603.44. The disclosure for this sale can be found here. Insiders sold a total of 48,498 shares of company stock worth $2,083,785 over the last ninety days. Insiders own 0.47% of the company’s stock.

Several brokerages recently commented on NTAP. Zacks Investment Research downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of NetApp in a research note on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $46.00 price objective (up previously from $44.00) on shares of NetApp in a research note on Wednesday, October 4th. DA Davidson reissued a “buy” rating and issued a $51.00 price objective on shares of NetApp in a research note on Monday, October 2nd. Finally, Drexel Hamilton reissued a “buy” rating and issued a $62.00 price objective on shares of NetApp in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have issued a buy rating to the c

Several other hedge funds and other institutional investors have also recently bought and sold shares of NTAP. American Beacon Advisors Inc. acquired a new stake in shares of NetApp during the 1st quarter worth approximately $110,000. Krilogy Financial LLC acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $122,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of NetApp by 3.7% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,189 shares of the data storage provider’s stock worth $208,000 after acquiring an additional 185 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in shares of NetApp during the 2nd quarter worth approximately $210,000. Finally, CAPROCK Group Inc. boosted its position in shares of NetApp by 0.8% during the 2nd quarter. CAPROCK Group Inc. now owns 5,278 shares of the data storage provider’s stock worth $211,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Shares of NetApp, Inc. (NTAP) traded up 0.48% on Friday, hitting $43.63. 1,856,460 shares of the stock were exchanged. The company has a 50-day moving average price of $41.60 and a 200 day moving average price of $40.85. NetApp, Inc. has a 12 month low of $30.36 and a 12 month high of $45.24. The company has a market cap of $11.77 billion, a PE ratio of 21.07 and a beta of 1.26.

NetApp (NASDAQ:NTAP) last released its earnings results on Wednesday, August 16th. The data storage provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. NetApp had a net margin of 10.47% and a return on equity of 24.13%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.46 EPS. Equities analysts forecast that NetApp, Inc. will post $3.12 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 6th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, October 5th. NetApp’s dividend payout ratio is presently 38.65%.

ILLEGAL ACTIVITY NOTICE: “Oak Associates Ltd. OH Has $10.90 Million Position in NetApp, Inc. (NTAP)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/15/oak-associates-ltd-oh-has-10-90-million-position-in-netapp-inc-ntap.html.

In other news, Director Richard P. Wallace sold 34,000 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $43.53, for a total value of $1,480,020.00. Following the sale, the director now directly owns 24,132 shares of the company’s stock, valued at approximately $1,050,465.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurian sold 4,570 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $37.98, for a total transaction of $173,568.60. Following the completion of the sale, the chief executive officer now directly owns 23,028 shares in the company, valued at $874,603.44. The disclosure for this sale can be found here. Insiders sold a total of 48,498 shares of company stock worth $2,083,785 over the last ninety days. Insiders own 0.47% of the company’s stock.

Several brokerages recently commented on NTAP. Zacks Investment Research downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of NetApp in a research note on Wednesday, October 4th. Robert W. Baird reissued a “hold” rating and issued a $46.00 price objective (up previously from $44.00) on shares of NetApp in a research note on Wednesday, October 4th. DA Davidson reissued a “buy” rating and issued a $51.00 price objective on shares of NetApp in a research note on Monday, October 2nd. Finally, Drexel Hamilton reissued a “buy” rating and issued a $62.00 price objective on shares of NetApp in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.12.

NetApp Company Profile

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.

Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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