State of Wisconsin Investment Board Has $25.94 Million Position in NetApp Inc. (NTAP)
State of Wisconsin Investment Board grew its holdings in shares of NetApp Inc. (NASDAQ:NTAP) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 468,954 shares of the data storage provider’s stock after buying an additional 124,287 shares during the quarter. State of Wisconsin Investment Board owned 0.18% of NetApp worth $25,943,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of NTAP. Exane Derivatives grew its holdings in shares of NetApp by 59,850.0% during the third quarter. Exane Derivatives now owns 2,398 shares of the data storage provider’s stock valued at $105,000 after buying an additional 2,394 shares during the last quarter. First Personal Financial Services grew 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 buying an additional 2,754 shares during 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 grew 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 buying an additional 801 shares during the last quarter. Finally, FTB Advisors Inc. boosted its holdings in NetApp by 50.2% during the third quarter. FTB Advisors Inc. now owns 4,544 shares of the data storage provider’s stock worth $199,000 after purchasing an additional 1,519 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.
Shares of NetApp Inc. (NASDAQ:NTAP) opened at $64.55 on Thursday. NetApp Inc. has a 12-month low of $37.43 and a 12-month high of $65.58. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.91 and a quick ratio of 1.88. The stock has a market cap of $17,220.00, a P/E ratio of 20.76, a PEG ratio of 2.05 and a beta of 1.29.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Friday, April 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, April 5th. NetApp’s dividend payout ratio (DPR) is presently 25.72%.
NTAP has been the topic of several analyst reports. Pivotal Research initiated coverage on shares of NetApp in a report on Thursday, November 16th. They set a “hold” rating and a $54.00 price target on the stock. BMO Capital Markets upgraded shares of NetApp from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $43.00 to $62.00 in a report on Thursday, November 16th. Piper Jaffray Companies restated an “overweight” rating and set a $60.00 price target on shares of NetApp in a report on Thursday, November 16th. Maxim Group boosted their price target on shares of NetApp from $56.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Lake Street Capital restated a “buy” rating and set a $54.00 price target (up from $49.00) on shares of NetApp in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $56.23.
In related news, VP Joel D. Reich sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $55.80, for a total transaction of $362,700.00. Following the sale, the vice president now owns 3,950 shares of the company’s stock, valued at approximately $220,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joel D. Reich sold 11,641 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $60.02, for a total transaction of $698,692.82. The disclosure for this sale can be found here. Insiders have sold a total of 63,027 shares of company stock worth $3,653,425 in the last ninety days. 0.47% of the stock is currently owned by insiders.
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NetApp Company 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.
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