New York State Common Retirement Fund Has $28.71 Million Position in NetApp, Inc. (NTAP)

New York State Common Retirement Fund boosted its stake in NetApp, Inc. (NASDAQ:NTAP) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656,170 shares of the data storage provider’s stock after acquiring an additional 10,000 shares during the period. New York State Common Retirement Fund owned 0.24% of NetApp worth $28,714,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NTAP. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of NetApp during the 3rd quarter worth approximately $3,308,000. Lingohr & Partner Asset Management GmbH boosted its holdings in shares of NetApp by 60.8% during the 3rd quarter. Lingohr & Partner Asset Management GmbH now owns 28,401 shares of the data storage provider’s stock worth $1,236,000 after buying an additional 10,736 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of NetApp by 2.4% during the 3rd quarter. Sei Investments Co. now owns 470,377 shares of the data storage provider’s stock worth $20,583,000 after buying an additional 11,012 shares in the last quarter. FDx Advisors Inc. boosted its holdings in shares of NetApp by 66.8% during the 3rd quarter. FDx Advisors Inc. now owns 19,255 shares of the data storage provider’s stock worth $843,000 after buying an additional 7,710 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its holdings in shares of NetApp by 15.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 10,587 shares of the data storage provider’s stock worth $463,000 after buying an additional 1,392 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

In other news, Director Richard P. Wallace sold 34,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $43.53, for a total transaction of $1,480,020.00. Following the completion of the sale, the director now directly owns 24,132 shares of the company’s stock, valued at approximately $1,050,465.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Henri P. Richard sold 1,976 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $55.91, for a total value of $110,478.16. Following the sale, the executive vice president now directly owns 11,884 shares of the company’s stock, valued at $664,434.44. The disclosure for this sale can be found here. Insiders sold a total of 187,036 shares of company stock valued at $9,316,158 over the last three months. 0.47% of the stock is currently owned by insiders.

A number of research firms have issued reports on NTAP. Citigroup increased their price target on NetApp from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Susquehanna Bancshares reiterated a “positive” rating and issued a $50.00 target price (up from $48.00) on shares of NetApp in a report on Wednesday, August 16th. Piper Jaffray Companies set a $50.00 target price on NetApp and gave the stock a “buy” rating in a report on Monday, August 14th. Drexel Hamilton reiterated a “buy” rating and issued a $62.00 target price (up from $60.00) on shares of NetApp in a report on Friday, August 18th. Finally, FBN Securities reiterated an “outperform” rating on shares of NetApp in a report on Sunday, August 20th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and fourteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $49.04.

Shares of NetApp, Inc. (NASDAQ:NTAP) opened at $58.26 on Monday. The company has a market capitalization of $15,543.29, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.89 and a beta of 1.28. NetApp, Inc. has a 12-month low of $35.08 and a 12-month high of $58.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.67 and a quick ratio of 1.64.

NetApp (NASDAQ:NTAP) last released its quarterly earnings results on Wednesday, November 15th. The data storage provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.12. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.38 billion. NetApp had a return on equity of 26.77% and a net margin of 11.49%. NetApp’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. equities analysts anticipate that NetApp, Inc. will post 2.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 24th. Investors of record on Friday, January 5th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, January 4th. NetApp’s payout ratio is currently 34.33%.

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NetApp 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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