ING Groep NV Has $301,000 Holdings in NetApp Inc. (NTAP)

ING Groep NV trimmed its position in shares of NetApp Inc. (NASDAQ:NTAP) by 42.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,449 shares of the data storage provider’s stock after selling 4,020 shares during the quarter. ING Groep NV’s holdings in NetApp were worth $301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Personal Financial Services increased its holdings in shares of NetApp by 27,540.0% during the third quarter. First Personal Financial Services now owns 2,764 shares of the data storage provider’s stock valued at $121,000 after acquiring an additional 2,754 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of NetApp during the third quarter valued at about $131,000. IFP Advisors Inc increased its holdings in shares of NetApp by 45.3% during the fourth quarter. IFP Advisors Inc now owns 2,571 shares of the data storage provider’s stock valued at $142,000 after acquiring an additional 801 shares in the last quarter. FTB Advisors Inc. increased its holdings in shares of NetApp by 50.2% during the third quarter. FTB Advisors Inc. now owns 4,544 shares of the data storage provider’s stock valued at $199,000 after acquiring an additional 1,519 shares in the last quarter. Finally, Visionary Asset Management Inc. acquired a new position in shares of NetApp during the third quarter valued at about $200,000. Hedge funds and other institutional investors own 94.34% of the company’s stock.

NTAP has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of NetApp from $62.00 to $71.00 and gave the company a “buy” rating in a report on Friday, January 26th. Morgan Stanley upgraded shares of NetApp from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $41.00 to $64.00 in a report on Tuesday, January 23rd. Deutsche Bank upped their price objective on shares of NetApp from $27.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, November 16th. Royal Bank of Canada upped their price objective on shares of NetApp from $45.00 to $50.00 and gave the company a “sector perform” rating in a report on Monday, November 13th. Finally, BMO Capital Markets upgraded shares of NetApp from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $62.00 in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $56.23.

In other news, CEO George Kurian sold 7,020 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $59.48, for a total transaction of $417,549.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Henri P. Richard sold 1,976 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $55.91, for a total transaction of $110,478.16. Following the sale, the executive vice president now directly owns 11,884 shares in the company, valued at approximately $664,434.44. The disclosure for this sale can be found here. Insiders have sold a total of 61,342 shares of company stock worth $3,491,981 in the last ninety days. Corporate insiders own 0.47% of the company’s stock.

Shares of NetApp Inc. (NASDAQ:NTAP) opened at $58.08 on Wednesday. The company has a market cap of $15,500.00, a P/E ratio of -726.00, a PEG ratio of 1.74 and a beta of 1.33. NetApp Inc. has a one year low of $37.43 and a one year high of $64.06. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.88 and a current ratio of 1.91.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, February 14th. The data storage provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. NetApp had a negative net margin of 0.09% and a positive return on equity of 29.38%. During the same quarter last year, the company earned $0.82 EPS. research analysts forecast that NetApp Inc. will post 2.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Friday, April 6th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. NetApp’s payout ratio is -1,000.00%.

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About NetApp

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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Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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