Invariant Investment Management Purchases New Position in NetApp, Inc. $NTAP

15 Apr 2026, 05:08 by Teresa Graham · The Cerbat Gem

Invariant Investment Management purchased a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 7,513 shares of the data storage provider’s stock, valued at approximately $792,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ascent Group LLC lifted its holdings in NetApp by 1.5% during the 3rd quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock valued at $721,000 after purchasing an additional 90 shares during the last quarter. Caliber Wealth Management LLC KS lifted its holdings in NetApp by 5.0% during the 3rd quarter. Caliber Wealth Management LLC KS now owns 2,100 shares of the data storage provider’s stock valued at $249,000 after purchasing an additional 100 shares during the last quarter. Frank Rimerman Advisors LLC lifted its holdings in NetApp by 2.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 5,526 shares of the data storage provider’s stock valued at $655,000 after purchasing an additional 106 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in NetApp by 5.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,953 shares of the data storage provider’s stock valued at $209,000 after purchasing an additional 107 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in NetApp by 2.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 4,531 shares of the data storage provider’s stock valued at $537,000 after purchasing an additional 113 shares during the last quarter. 92.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of NetApp in a report on Wednesday, February 25th. Wall Street Zen upgraded shares of NetApp from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings cut shares of NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 13th. Citigroup raised their price objective on shares of NetApp from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Finally, The Goldman Sachs Group initiated coverage on shares of NetApp in a research report on Tuesday, January 13th. They issued a “buy” rating and a $128.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, NetApp currently has a consensus rating of “Hold” and a consensus target price of $122.42.

View Our Latest Stock Report on NTAP

NetApp Stock Up 0.5%

Shares of NASDAQ:NTAP opened at $98.89 on Wednesday. NetApp, Inc. has a one year low of $80.22 and a one year high of $126.66. The company has a 50 day moving average of $100.94 and a 200-day moving average of $107.49. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.39 and a quick ratio of 1.36. The stock has a market cap of $19.51 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 3.05 and a beta of 1.30.

NetApp (NASDAQ:NTAP – Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The data storage provider reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. NetApp had a net margin of 18.07% and a return on equity of 118.11%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the company earned $1.91 EPS. NetApp’s revenue was up 4.4% on a year-over-year basis. NetApp has set its Q4 2026 guidance at 2.210-2.310 EPS and its FY 2026 guidance at 7.920-8.020 EPS. On average, sell-side analysts forecast that NetApp, Inc. will post 5.89 earnings per share for the current year.

NetApp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Friday, April 3rd will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, April 2nd. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. NetApp’s payout ratio is currently 34.78%.

Insider Activity at NetApp

In other news, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $96.25, for a total transaction of $96,250.00. Following the completion of the sale, the executive vice president owned 19,382 shares in the company, valued at $1,865,517.50. The trade was a 4.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 3,000 shares of company stock worth $300,370. 0.28% of the stock is owned by insiders.

NetApp Company Profile

(Free Report)

NetApp, Inc (NASDAQ: NTAP) is a data management and storage company that delivers hybrid cloud data services for applications and data. Founded in 1992 as Network Appliance and rebranded as NetApp in 2008, the company is headquartered in Sunnyvale, California. NetApp’s offering focuses on enabling organizations to store, manage, protect and move data across on-premises environments and major public clouds.