NetApp, Inc. (NASDAQ:NTAP) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. grew its stake in NetApp, Inc. (NASDAQ:NTAP) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 142,450 shares of the data storage provider’s stock after buying an additional 2,422 shares during the quarter. Achmea Investment Management B.V.’s holdings in NetApp were worth $16,536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Resonant Capital Advisors LLC increased its stake in 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 buying an additional 80 shares in the last quarter. Larson Financial Group LLC increased its stake in 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 buying an additional 92 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in 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 buying an additional 100 shares in the last quarter. Moors & Cabot Inc. grew its position in shares of NetApp by 3.6% in the fourth quarter. Moors & Cabot Inc. now owns 2,906 shares of the data storage provider’s stock valued at $337,000 after purchasing an additional 100 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of NetApp by 2.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,597 shares of the data storage provider’s stock valued at $534,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Stifel Nicolaus upped their price target on NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Loop Capital dropped their price target on NetApp from $150.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Morgan Stanley upped their price target on NetApp from $132.00 to $146.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Bank of America upgraded NetApp from an “underperform” rating to a “neutral” rating and upped their price target for the company from $121.00 to $128.00 in a research report on Wednesday, February 19th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $129.07.

NetApp Trading Up 0.6 %

Shares of NetApp stock opened at $91.49 on Thursday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The stock has a 50 day moving average of $115.94 and a 200 day moving average of $119.69. NetApp, Inc. has a fifty-two week low of $90.08 and a fifty-two week high of $135.45. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 2.45 and a beta of 1.24.

NetApp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, April 4th. NetApp’s dividend payout ratio (DPR) is 38.52%.

Insiders Place Their Bets

In other NetApp news, CEO George Kurian sold 8,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $124.29, for a total transaction of $1,056,465.00. Following the transaction, the chief executive officer now directly owns 279,782 shares in the company, valued at $34,774,104.78. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth M. O’callahan sold 528 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $92.58, for a total value of $48,882.24. Following the completion of the sale, the executive vice president now owns 12,900 shares in the company, valued at approximately $1,194,282. The trade was a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 61,431 shares of company stock worth $7,309,224 over the last ninety days. Corporate insiders own 0.47% of the company’s stock.

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.