NetApp, Inc. (NASDAQ:NTAP) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 45.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,409 shares of the data storage provider’s stock after buying an additional 6,079 shares during the period. Mizuho Securities USA LLC’s holdings in NetApp were worth $2,253,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Boston Partners boosted its stake in shares of NetApp by 53.9% during the fourth quarter. Boston Partners now owns 2,083,189 shares of the data storage provider’s stock valued at $241,867,000 after acquiring an additional 729,394 shares during the last quarter. KBC Group NV lifted its holdings in NetApp by 276.9% in the 4th quarter. KBC Group NV now owns 891,033 shares of the data storage provider’s stock valued at $103,431,000 after purchasing an additional 654,626 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NetApp during the 4th quarter worth about $64,683,000. Geode Capital Management LLC grew its holdings in shares of NetApp by 8.2% during the third quarter. Geode Capital Management LLC now owns 5,985,673 shares of the data storage provider’s stock worth $738,280,000 after buying an additional 453,324 shares in the last quarter. Finally, Amundi raised its position in shares of NetApp by 25.7% in the fourth quarter. Amundi now owns 1,948,917 shares of the data storage provider’s stock valued at $228,492,000 after buying an additional 397,871 shares during the last quarter. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp Stock Up 3.1 %

Shares of NetApp stock opened at $95.12 on Tuesday. The company has a fifty day moving average price of $112.05 and a 200 day moving average price of $117.91. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. NetApp, Inc. has a twelve month low of $89.88 and a twelve month high of $135.45. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

NetApp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th will be paid a $0.52 dividend. The ex-dividend date is Friday, April 4th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.19%. NetApp’s dividend payout ratio (DPR) is currently 38.52%.

Insider Activity at NetApp

In related news, EVP Elizabeth M. O’callahan sold 451 shares of NetApp stock in a transaction on Friday, January 10th. The shares were sold at an average price of $116.79, for a total transaction of $52,672.29. Following the sale, the executive vice president now owns 12,005 shares of the company’s stock, valued at $1,402,063.95. The trade was a 3.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Cesar Cernuda sold 22,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $114.99, for a total transaction of $2,529,780.00. Following the completion of the transaction, the president now directly owns 27,099 shares of the company’s stock, valued at approximately $3,116,114.01. The trade was a 44.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,931 shares of company stock worth $6,252,759. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna cut shares of NetApp from a “positive” rating to a “neutral” rating and lowered their target price for the stock from $155.00 to $130.00 in a research note on Monday, February 10th. StockNews.com lowered NetApp from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. TD Cowen decreased their price target on NetApp from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Bank of America raised shares of NetApp from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $121.00 to $128.00 in a research note on Wednesday, February 19th. Finally, Wedbush reissued a “neutral” rating and issued a $110.00 target price (down from $120.00) on shares of NetApp in a research report on Friday, February 28th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, NetApp has an average rating of “Hold” and an average target price of $129.07.

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.