EverSource Wealth Advisors LLC Has $191,000 Stake in NetApp, Inc. (NASDAQ:NTAP)

EverSource Wealth Advisors LLC lifted its stake in shares of NetApp, Inc. (NASDAQ:NTAP) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,642 shares of the data storage provider’s stock after buying an additional 255 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NetApp were worth $191,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Resonant Capital Advisors LLC raised its stake in shares of NetApp by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,442 shares of the data storage provider’s stock worth $516,000 after purchasing an additional 80 shares during the period. Larson Financial Group LLC raised its stake in shares of NetApp by 2.5% during the 4th quarter. Larson Financial Group LLC now owns 3,778 shares of the data storage provider’s stock worth $438,000 after purchasing an additional 92 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of NetApp by 22.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 549 shares of the data storage provider’s stock worth $64,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. raised its stake in shares of NetApp by 3.6% during the 4th quarter. Moors & Cabot Inc. now owns 2,906 shares of the data storage provider’s stock worth $337,000 after purchasing an additional 100 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of NetApp by 2.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,597 shares of the data storage provider’s stock worth $534,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

Insider Buying and Selling

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

NetApp Stock Up 2.1 %

NTAP stock opened at $91.98 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The company’s 50 day moving average is $114.93 and its 200 day moving average is $119.02. The stock has a market cap of $18.71 billion, a price-to-earnings ratio of 16.91, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. NetApp, Inc. has a 1-year low of $89.88 and a 1-year high of $135.45.

NetApp Announces Dividend

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

Analysts Set New Price Targets

NTAP has been the topic of a number of research reports. Northland Securities boosted their price objective on NetApp from $108.00 to $120.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. lowered their price objective on NetApp from $160.00 to $153.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Citigroup lowered their price objective on NetApp from $135.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Loop Capital lowered their price objective on NetApp from $150.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, StockNews.com cut NetApp from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $129.07.

NetApp Company 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.