WINTON GROUP Ltd Has $18.40 Million Holdings in NetApp Inc. (NTAP)

WINTON GROUP Ltd grew its position in NetApp Inc. (NASDAQ:NTAP) by 127.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 298,199 shares of the data storage provider’s stock after purchasing an additional 167,262 shares during the period. WINTON GROUP Ltd owned about 0.11% of NetApp worth $18,396,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in NetApp by 441.0% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 1,650 shares of the data storage provider’s stock worth $102,000 after buying an additional 1,345 shares in the last quarter. Fortis Advisors LLC bought a new stake in shares of NetApp in the 1st quarter valued at about $127,000. Tower Research Capital LLC TRC increased its stake in NetApp by 227.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,286 shares of the data storage provider’s stock worth $182,000 after purchasing an additional 2,282 shares in the last quarter. Wetherby Asset Management Inc. bought a new stake in NetApp during the 4th quarter worth approximately $224,000. Finally, Financial Sense Advisors Inc. bought a new stake in NetApp during the 4th quarter worth approximately $261,000. Institutional investors own 90.87% of the company’s stock.

NetApp opened at $77.46 on Tuesday, Marketbeat reports. The company has a current ratio of 1.89, a quick ratio of 1.86 and a debt-to-equity ratio of 0.75. The firm has a market cap of $20.82 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.83 and a beta of 1.25. NetApp Inc. has a fifty-two week low of $37.55 and a fifty-two week high of $78.47.



NetApp (NASDAQ:NTAP) last posted its quarterly earnings data on Wednesday, May 23rd. The data storage provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. NetApp had a return on equity of 33.87% and a net margin of 1.29%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. equities analysts expect that NetApp Inc. will post 3.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Friday, July 6th will be given a dividend of $0.40 per share. This is a boost from NetApp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, July 5th. This represents a $1.60 annualized dividend and a yield of 2.07%. NetApp’s dividend payout ratio (DPR) is presently 26.76%.

In other NetApp news, CEO George Kurian sold 7,020 shares of the stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $61.95, for a total transaction of $434,889.00. Following the transaction, the chief executive officer now owns 27,657 shares in the company, valued at approximately $1,713,351.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joel D. Reich sold 23,108 shares of the stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $67.72, for a total value of $1,564,873.76. Following the transaction, the vice president now owns 52,997 shares in the company, valued at approximately $3,588,956.84. The disclosure for this sale can be found here. Insiders have sold a total of 142,386 shares of company stock worth $9,956,870 in the last quarter. Company insiders own 0.47% of the company’s stock.

A number of analysts recently issued reports on NTAP shares. UBS Group increased their target price on NetApp from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, March 28th. Zacks Investment Research raised NetApp from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Tuesday, April 17th. Royal Bank of Canada upped their price target on NetApp to $80.00 and gave the stock a “sector perform” rating in a research report on Friday. William Blair raised NetApp from a “market perform” rating to an “outperform” rating in a research report on Tuesday, April 17th. Finally, Argus upped their price target on NetApp to $76.00 and gave the stock a “buy” rating in a research report on Thursday, April 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.46.

NetApp Profile

NetApp, Inc provides software, systems, and services to manage and store computer data worldwide. It offers flash; flash arrays that support data management; hybrid arrays to deploy the speed of flash storage; hybrid cloud; ONTAP cloud storage data management service; NetApp cloud sync hybrid data management Software as a Service; NetApp private storage for cloud; and AltaVault cloud-integrated solutions.

Institutional Ownership by Quarter for NetApp (NASDAQ:NTAP)

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