NetApp, Inc. (NASDAQ:NTAP) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC boosted its holdings in NetApp, Inc. (NASDAQ:NTAP) by 213.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,848 shares of the data storage provider’s stock after acquiring an additional 2,620 shares during the quarter. Rothschild Investment LLC’s holdings in NetApp were worth $447,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of NetApp by 7.8% in the fourth quarter. IFP Advisors Inc now owns 3,256 shares of the data storage provider’s stock valued at $378,000 after purchasing an additional 235 shares during the period. J. W. Coons Advisors LLC increased its holdings in NetApp by 11.0% in the fourth quarter. J. W. Coons Advisors LLC now owns 2,936 shares of the data storage provider’s stock valued at $341,000 after buying an additional 290 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of NetApp during the 4th quarter valued at approximately $386,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of NetApp by 15.5% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 62,496 shares of the data storage provider’s stock worth $7,255,000 after acquiring an additional 8,400 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in shares of NetApp by 4.1% in the 4th quarter. Wealthspire Advisors LLC now owns 3,132 shares of the data storage provider’s stock worth $364,000 after acquiring an additional 123 shares during the period. Institutional investors and hedge funds own 92.17% of the company’s stock.

NetApp Price Performance

NTAP opened at $122.62 on Wednesday. NetApp, Inc. has a 1 year low of $86.43 and a 1 year high of $135.45. The company’s 50 day simple moving average is $120.07 and its 200 day simple moving average is $122.03. The stock has a market capitalization of $24.93 billion, a PE ratio of 22.54, a P/E/G ratio of 2.45 and a beta of 1.23. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91.

Insider Buying and Selling at NetApp

In other news, President Cesar Cernuda sold 22,000 shares of NetApp stock in a transaction dated Monday, December 30th. The stock was 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 of the company’s stock, valued at $3,116,114.01. The trade was a 44.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Kurian sold 8,500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 279,782 shares of the company’s stock, valued at approximately $34,774,104.78. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,903 shares of company stock worth $7,260,341 in the last quarter. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NTAP has been the topic of a number of research analyst reports. Barclays boosted their target price on NetApp from $119.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, November 22nd. TD Cowen increased their price objective on shares of NetApp from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Citigroup lifted their target price on shares of NetApp from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Stifel Nicolaus upped their price target on shares of NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Keefe, Bruyette & Woods raised shares of NetApp to an “outperform” rating in a research note on Wednesday, February 19th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.