Jones Financial Companies Lllp Has $327,000 Stock Holdings in NetApp, Inc. (NASDAQ:NTAP)

Jones Financial Companies Lllp boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 151.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,814 shares of the data storage provider’s stock after buying an additional 1,694 shares during the period. Jones Financial Companies Lllp’s holdings in NetApp were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Versor Investments LP bought a new stake in shares of NetApp during the 4th quarter worth about $395,000. Intech Investment Management LLC boosted its stake in NetApp by 8.9% during 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. boosted its stake in NetApp by 20.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 42,302 shares of the data storage provider’s stock valued at $5,225,000 after purchasing an additional 7,318 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in 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 purchasing an additional 113,360 shares during the period. Finally, Hilton Capital Management LLC bought a new stake in NetApp during the 3rd quarter valued at approximately $4,059,000. 92.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Cesar Cernuda sold 22,000 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $114.99, for a total value of $2,529,780.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 528 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $92.58, for a total transaction of $48,882.24. Following the completion of the transaction, the executive vice president now owns 12,900 shares of the company’s stock, valued at $1,194,282. This trade represents a 3.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,431 shares of company stock valued at $7,309,224. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NTAP shares. Loop Capital decreased their target price on NetApp from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Oppenheimer assumed coverage on NetApp in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. TD Cowen cut their price target on NetApp from $160.00 to $130.00 and set a “buy” rating for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods raised NetApp to an “outperform” rating in a report on Wednesday, February 19th. Finally, Stifel Nicolaus upped their price target on NetApp from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $129.07.

NetApp Trading Down 1.2 %

Shares of NTAP stock opened at $90.92 on Wednesday. The company has a 50 day moving average of $116.44 and a 200-day moving average of $119.89. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39. NetApp, Inc. has a 12-month low of $90.08 and a 12-month high of $135.45. The firm has a market cap of $18.49 billion, a P/E ratio of 16.71, a PEG ratio of 2.45 and a beta of 1.24.

NetApp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Friday, April 4th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, April 4th. NetApp’s dividend payout ratio (DPR) is presently 38.52%.

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.