Seizert Capital Partners LLC Trims Stock Holdings in NetApp, Inc. $NTAP

20 Jan 2026, 14:48 by Danessa Lincoln · The Markets Daily

Seizert Capital Partners LLC reduced its stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) by 2.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 508,226 shares of the data storage provider’s stock after selling 13,253 shares during the period. NetApp comprises approximately 2.6% of Seizert Capital Partners LLC’s portfolio, making the stock its 9th biggest position. Seizert Capital Partners LLC owned about 0.25% of NetApp worth $60,204,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NTAP. Vanguard Group Inc. increased its holdings in shares of NetApp by 2.5% in the second quarter. Vanguard Group Inc. now owns 27,728,118 shares of the data storage provider’s stock worth $2,954,431,000 after buying an additional 686,188 shares during the period. Geode Capital Management LLC increased its stake in NetApp by 16.8% in the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider’s stock worth $756,665,000 after purchasing an additional 1,024,626 shares during the period. Boston Partners grew its stake in NetApp by 108.9% in the 2nd quarter. Boston Partners now owns 2,947,200 shares of the data storage provider’s stock worth $313,997,000 after acquiring an additional 1,536,339 shares in the last quarter. Norges Bank purchased a new position in NetApp during the 2nd quarter valued at about $281,093,000. Finally, Amundi increased its position in shares of NetApp by 8.4% during the second quarter. Amundi now owns 2,362,028 shares of the data storage provider’s stock worth $237,269,000 after purchasing an additional 182,318 shares in the last quarter. Institutional investors own 92.17% of the company’s stock.

NetApp Stock Performance

Shares of NASDAQ NTAP opened at $97.95 on Tuesday. NetApp, Inc. has a 52 week low of $71.84 and a 52 week high of $127.78. The stock has a market capitalization of $19.40 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.29 and a beta of 1.38. The stock has a 50 day moving average price of $110.04 and a 200 day moving average price of $112.41. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.30 and a current ratio of 1.34.

NetApp (NASDAQ:NTAP – Get Free Report) last announced its earnings results on Tuesday, November 25th. The data storage provider reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.17. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business posted $1.87 earnings per share. NetApp’s quarterly revenue was up 2.8% on a year-over-year basis. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. Analysts predict that NetApp, Inc. will post 5.89 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, January 21st. Shareholders of record on Friday, January 2nd will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, January 2nd. This represents a $2.08 dividend on an annualized basis and a yield of 2.1%. NetApp’s payout ratio is 36.17%.

Insiders Place Their Bets

In related news, EVP Elizabeth M. O’callahan sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $105.49, for a total value of $105,490.00. Following the transaction, the executive vice president owned 21,075 shares in the company, valued at approximately $2,223,201.75. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Lorenzo Daniel De sold 327 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $107.48, for a total transaction of $35,145.96. The SEC filing for this sale provides additional information. Insiders have sold 1,654 shares of company stock worth $175,782 over the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on NTAP. Wells Fargo & Company lifted their price target on NetApp from $100.00 to $115.00 and gave the stock a “positive” rating in a research report on Wednesday, November 26th. Wedbush reissued a “neutral” rating and issued a $110.00 price target on shares of NetApp in a research note on Friday, October 10th. Northland Securities set a $137.00 price target on NetApp and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Barclays raised their price objective on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NetApp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, NetApp has a consensus rating of “Moderate Buy” and an average price target of $124.33.

Get Our Latest Analysis on NetApp

NetApp 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.