Yeomans Consulting Group Inc. Buys Shares of 2,499 NetApp, Inc. (NASDAQ:NTAP)

Yeomans Consulting Group Inc. purchased a new position in NetApp, Inc. (NASDAQ:NTAP) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,499 shares of the data storage provider’s stock, valued at approximately $309,000.

Other large investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its stake in NetApp by 17.5% during the second quarter. Acadian Asset Management LLC now owns 2,791,599 shares of the data storage provider’s stock valued at $359,517,000 after acquiring an additional 416,233 shares during the period. Legal & General Group Plc lifted its position in NetApp by 3.5% in the second quarter. Legal & General Group Plc now owns 2,405,363 shares of the data storage provider’s stock worth $309,811,000 after purchasing an additional 82,378 shares during the period. TD Asset Management Inc lifted its position in NetApp by 26.5% in the first quarter. TD Asset Management Inc now owns 2,148,540 shares of the data storage provider’s stock worth $225,532,000 after purchasing an additional 450,263 shares during the period. Epoch Investment Partners Inc. boosted its stake in NetApp by 11.9% during the first quarter. Epoch Investment Partners Inc. now owns 1,982,787 shares of the data storage provider’s stock worth $208,133,000 after buying an additional 211,204 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NetApp by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,737,578 shares of the data storage provider’s stock valued at $223,806,000 after acquiring an additional 196,952 shares during the period. 92.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO George Kurian sold 8,500 shares of the firm’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $126.11, for a total value of $1,071,935.00. Following the transaction, the chief executive officer now directly owns 292,778 shares of the company’s stock, valued at approximately $36,922,233.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO George Kurian sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $126.11, for a total value of $1,071,935.00. Following the transaction, the chief executive officer now directly owns 292,778 shares of the company’s stock, valued at approximately $36,922,233.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth M. O’callahan sold 705 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $126.20, for a total transaction of $88,971.00. Following the sale, the executive vice president now directly owns 11,694 shares of the company’s stock, valued at approximately $1,475,782.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,890 shares of company stock valued at $1,369,172. Company insiders own 0.47% of the company’s stock.

NetApp Price Performance

Shares of NTAP stock traded up $1.15 on Monday, reaching $120.56. The company’s stock had a trading volume of 199,521 shares, compared to its average volume of 1,819,490. The company has a market capitalization of $24.69 billion, a P/E ratio of 23.32, a PEG ratio of 4.49 and a beta of 1.23. The company has a quick ratio of 0.91, a current ratio of 0.96 and a debt-to-equity ratio of 1.34. The stock’s 50 day simple moving average is $123.15 and its 200-day simple moving average is $120.18. NetApp, Inc. has a 12-month low of $70.82 and a 12-month high of $135.01.

NetApp (NASDAQ:NTAP) last issued its earnings results on Wednesday, August 28th. The data storage provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. NetApp had a net margin of 17.01% and a return on equity of 121.41%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. As a group, equities analysts predict that NetApp, Inc. will post 5.71 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 23rd. Stockholders of record on Friday, October 4th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, October 4th. NetApp’s payout ratio is presently 40.63%.

Wall Street Analyst Weigh In

Several brokerages recently commented on NTAP. Stifel Nicolaus boosted their price target on NetApp from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Evercore ISI upped their target price on shares of NetApp from $120.00 to $130.00 and gave the stock an “in-line” rating in a report on Monday, August 12th. Citigroup lifted their price target on shares of NetApp from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 15th. Susquehanna reaffirmed a “positive” rating and set a $155.00 price objective on shares of NetApp in a report on Monday, August 26th. Finally, Wedbush reiterated a “neutral” rating and issued a $120.00 price objective on shares of NetApp in a research report on Monday, August 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NetApp currently has an average rating of “Hold” and an average price target of $129.06.

About NetApp

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.