Advisor OS LLC Acquires Shares of 4,883 NetApp, Inc. (NASDAQ:NTAP)

Advisor OS LLC acquired a new position in shares of NetApp, Inc. (NASDAQ:NTAP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 4,883 shares of the data storage provider’s stock, valued at approximately $567,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NTAP. KBC Group NV raised its position in NetApp by 276.9% during the 4th quarter. KBC Group NV now owns 891,033 shares of the data storage provider’s stock worth $103,431,000 after buying an additional 654,626 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of NetApp by 8.2% during the third quarter. Geode Capital Management LLC now owns 5,985,673 shares of the data storage provider’s stock worth $738,280,000 after acquiring an additional 453,324 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of NetApp by 38.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,232,852 shares of the data storage provider’s stock worth $152,270,000 after acquiring an additional 342,415 shares during the period. Unigestion Holding SA raised its holdings in NetApp by 926.1% during the third quarter. Unigestion Holding SA now owns 283,674 shares of the data storage provider’s stock worth $35,022,000 after purchasing an additional 256,028 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its position in NetApp by 546.8% in the fourth quarter. Retirement Systems of Alabama now owns 289,504 shares of the data storage provider’s stock valued at $33,606,000 after purchasing an additional 244,746 shares during the period. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Trading Up 1.5 %

NetApp stock opened at $124.49 on Thursday. The stock has a market cap 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 current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 1.39. The stock 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.

Insider Transactions at NetApp

In related news, CEO George Kurian sold 8,500 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $119.04, for a total transaction of $1,011,840.00. Following the transaction, the chief executive officer now directly owns 266,765 shares in the company, valued at approximately $31,755,705.60. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, President Cesar Cernuda sold 22,000 shares of the firm’s 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 completion of the sale, the president now directly owns 27,099 shares in the company, valued at approximately $3,116,114.01. The trade was a 44.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,903 shares of company stock worth $7,260,341 over the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NTAP. Barclays increased their target price on NetApp from $119.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, November 22nd. Susquehanna cut NetApp from a “positive” rating to a “neutral” rating and cut their price objective for the stock from $155.00 to $130.00 in a research report on Monday, February 10th. StockNews.com raised NetApp from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. TD Cowen upped their price target on shares of NetApp from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Wedbush reiterated a “neutral” rating and issued a $120.00 price objective on shares of NetApp in a research note on Friday, November 22nd. Eleven 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, NetApp presently has a consensus rating of “Hold” and a consensus target price of $137.33.

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.