Creative Financial Designs Inc. ADV Purchases 115 Shares of NetApp, Inc. (NASDAQ:NTAP)

Creative Financial Designs Inc. ADV raised its position in NetApp, Inc. (NASDAQ:NTAP) by 11.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,096 shares of the data storage provider’s stock after acquiring an additional 115 shares during the period. Creative Financial Designs Inc. ADV’s holdings in NetApp were worth $127,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NetApp during the fourth quarter valued at about $26,000. Assetmark Inc. boosted its stake in shares of NetApp by 826.9% in the 4th quarter. Assetmark Inc. now owns 241 shares of the data storage provider’s stock worth $28,000 after buying an additional 215 shares during the last quarter. Synergy Investment Management LLC bought a new position in NetApp in the 4th quarter valued at $32,000. Golden State Wealth Management LLC bought a new position in NetApp during the fourth quarter valued at about $35,000. Finally, OFI Invest Asset Management purchased a new position in NetApp in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insiders Place Their Bets

In other NetApp news, CEO George Kurian sold 8,500 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $123.03, for a total transaction of $1,045,755.00. Following the completion of the sale, the chief executive officer now owns 271,282 shares of the company’s stock, valued at $33,375,824.46. This represents a 3.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael J. Berry sold 12,500 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $120.74, for a total transaction of $1,509,250.00. Following the completion of the transaction, the chief financial officer now owns 123,243 shares in the company, valued at $14,880,359.82. The trade was a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,931 shares of company stock valued at $6,252,759 over the last three months. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their target price on NetApp from $130.00 to $115.00 and set an “equal weight” rating for the company in a research report on Friday, February 28th. StockNews.com cut NetApp from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Citigroup cut their target price on shares of NetApp from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Northland Securities boosted their price target on shares of NetApp from $108.00 to $120.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley raised their price objective on shares of NetApp from $132.00 to $146.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $129.07.

NetApp Price Performance

Shares of NetApp stock opened at $92.10 on Friday. The firm has a market capitalization of $18.73 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. 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 12 month low of $89.88 and a 12 month high of $135.45. The business’s 50-day moving average price is $112.92 and its 200-day moving average price is $118.27.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Friday, April 4th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.26%. NetApp’s payout ratio is 38.52%.

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.