2,425 Shares in NetApp, Inc. (NASDAQ:NTAP) Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new position in NetApp, Inc. (NASDAQ:NTAP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,425 shares of the data storage provider’s stock, valued at approximately $281,000.

Other large investors have also bought and sold shares of the company. Intech Investment Management LLC lifted its stake in shares of NetApp by 8.9% in the 3rd quarter. Intech Investment Management LLC now owns 302,010 shares of the data storage provider’s stock valued at $37,301,000 after purchasing an additional 24,651 shares during the period. Daiwa Securities Group Inc. lifted its position in NetApp by 20.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,302 shares of the data storage provider’s stock valued at $5,225,000 after buying an additional 7,318 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of NetApp by 9.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,346,212 shares of the data storage provider’s stock valued at $156,268,000 after buying an additional 113,360 shares in the last quarter. Hilton Capital Management LLC purchased a new stake in shares of NetApp in the 3rd quarter worth about $4,059,000. Finally, Orion Portfolio Solutions LLC grew its position in shares of NetApp by 232.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 6,731 shares of the data storage provider’s stock worth $831,000 after buying an additional 4,705 shares during the period. 92.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 452 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $120.75, for a total value of $54,579.00. Following the transaction, the executive vice president now owns 11,553 shares of the company’s stock, valued at approximately $1,395,024.75. This represents a 3.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurian sold 8,500 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $119.04, for a total value of $1,011,840.00. Following the sale, the chief executive officer now owns 266,765 shares of the company’s stock, valued at approximately $31,755,705.60. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,903 shares of company stock valued at $7,260,341. Company insiders own 0.47% of the company’s stock.

NetApp Stock Performance

Shares of NTAP stock opened at $124.49 on Thursday. The firm has a market capitalization of $25.31 billion, a PE ratio of 22.88, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a 50 day moving average price of $120.19 and a 200-day moving average price of $122.04. NetApp, Inc. has a 52 week low of $86.43 and a 52 week high of $135.45. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

Wall Street Analysts Forecast Growth

NTAP has been the topic of several research reports. Keefe, Bruyette & Woods raised shares of NetApp to an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley boosted their price target on NetApp from $132.00 to $146.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Stifel Nicolaus upped their price target on NetApp from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. TD Cowen lifted their price objective on NetApp from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup increased their target price on NetApp from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.33.

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.