Lindbrook Capital LLC Acquires 123 Shares of NetApp, Inc. (NASDAQ:NTAP)

Lindbrook Capital LLC boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,336 shares of the data storage provider’s stock after buying an additional 123 shares during the period. Lindbrook Capital LLC’s holdings in NetApp were worth $118,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its stake in NetApp by 14,650.0% during the fourth quarter. ORG Partners LLC now owns 295 shares of the data storage provider’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Larson Financial Group LLC bought a new stake in NetApp during the third quarter worth about $27,000. First Pacific Financial bought a new stake in NetApp during the third quarter worth about $29,000. UMB Bank n.a. lifted its stake in NetApp by 82.9% during the fourth quarter. UMB Bank n.a. now owns 331 shares of the data storage provider’s stock worth $29,000 after purchasing an additional 150 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in NetApp during the fourth quarter worth about $34,000. Institutional investors own 92.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NTAP shares. Wedbush lifted their price target on NetApp from $85.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. TD Cowen lifted their price objective on NetApp from $100.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Argus upgraded NetApp from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Monday, March 4th. Raymond James reiterated a “market perform” rating on shares of NetApp in a report on Tuesday, January 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 price objective (up previously from $105.00) on shares of NetApp in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $100.60.

Insider Transactions at NetApp

In other news, EVP Elizabeth M. O’callahan sold 871 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $103.02, for a total value of $89,730.42. Following the sale, the executive vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $989,095.02. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO George Kurian sold 8,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $103.16, for a total value of $876,860.00. Following the sale, the chief executive officer now directly owns 252,702 shares of the company’s stock, valued at approximately $26,068,738.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 871 shares of the company’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $103.02, for a total value of $89,730.42. Following the completion of the transaction, the executive vice president now directly owns 9,601 shares in the company, valued at $989,095.02. The disclosure for this sale can be found here. Insiders have sold a total of 40,371 shares of company stock valued at $4,139,505 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

NetApp Stock Up 1.5 %

NTAP stock opened at $99.42 on Wednesday. NetApp, Inc. has a fifty-two week low of $60.92 and a fifty-two week high of $112.48. The business’s 50 day moving average price is $99.38 and its two-hundred day moving average price is $88.94. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.11 and a current ratio of 1.15. The company has a market capitalization of $20.52 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28.

NetApp (NASDAQ:NTAP) last posted its earnings results on Thursday, February 29th. The data storage provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.25. NetApp had a return on equity of 109.49% and a net margin of 15.21%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $1.02 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts forecast that NetApp, Inc. will post 5.16 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Friday, April 5th will be given a $0.50 dividend. The ex-dividend date is Thursday, April 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. NetApp’s dividend payout ratio is currently 45.45%.

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.