National Wealth Management Group LLC Takes $712,000 Position in NetApp, Inc. $NTAP

26 Jan 2026, 08:34 by Teresa Graham · The Cerbat Gem

National Wealth Management Group LLC acquired a new stake in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,007 shares of the data storage provider’s stock, valued at approximately $712,000.

Other large investors have also made changes to their positions in the company. Ascent Group LLC boosted its stake in NetApp by 1.5% during the third quarter. Ascent Group LLC now owns 6,084 shares of the data storage provider’s stock worth $721,000 after buying an additional 90 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of NetApp by 19.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 647 shares of the data storage provider’s stock valued at $69,000 after acquiring an additional 104 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of NetApp by 2.6% in the third 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 period. Main Management ETF Advisors LLC increased its position in NetApp by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 7,330 shares of the data storage provider’s stock worth $781,000 after purchasing an additional 120 shares during the last quarter. Finally, CX Institutional increased its position in NetApp by 6.9% during the third quarter. CX Institutional now owns 1,877 shares of the data storage provider’s stock worth $222,000 after purchasing an additional 121 shares during the last quarter. 92.17% of the stock is currently owned by hedge funds and other institutional investors.

NetApp Stock Performance

Shares of NTAP stock opened at $97.42 on Monday. The company has a market cap of $19.30 billion, a P/E ratio of 16.94, a PEG ratio of 2.15 and a beta of 1.38. The firm has a fifty day moving average price of $108.98 and a 200 day moving average price of $112.13. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78.

NetApp (NASDAQ:NTAP – Get Free Report) last announced its quarterly 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 return on equity of 121.28% and a net margin of 17.73%.The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the company posted $1.87 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS. Sell-side analysts predict that NetApp, Inc. will post 5.89 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Friday, January 2nd were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $2.08 annualized dividend and a dividend yield of 2.1%. NetApp’s dividend payout ratio (DPR) is presently 36.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on NTAP. Citigroup dropped their price target on shares of NetApp from $130.00 to $125.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Bank of America upped their price objective on NetApp from $125.00 to $129.00 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Barclays lifted their target price on NetApp from $125.00 to $134.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Oppenheimer reiterated a “market perform” rating on shares of NetApp in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NetApp in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.33.

Check Out Our Latest Report on NTAP

Insider Transactions at NetApp

In other news, CAO Lorenzo Daniel De sold 327 shares of the firm’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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $105.49, for a total value of $105,490.00. Following the completion of the transaction, the executive vice president directly owned 21,075 shares in the company, valued at approximately $2,223,201.75. The trade was a 4.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,654 shares of company stock worth $175,782 in the last quarter. Insiders own 0.28% of the company’s stock.

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.

The company’s product portfolio centers on the ONTAP data management software and a range of storage systems and services built around it.