NetApp, Inc. (NASDAQ:NTAP - Get Free Report) CEO George Kurian sold 8,500 shares of NetApp stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $81.83, for a total transaction of $695,555.00. Following the sale, the chief executive officer now owns 249,765 shares of the company's stock, valued at approximately $20,438,269.95. This represents a 3.29 % 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.
George Kurian also recently made the following trade(s):
- On Tuesday, February 18th, George Kurian sold 8,500 shares of NetApp stock. The shares were sold at an average price of $119.04, for a total transaction of $1,011,840.00.
NetApp Trading Up 2.9 %
NTAP opened at $84.86 on Thursday. The business's 50-day simple moving average is $94.13 and its 200-day simple moving average is $112.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.84 and a current ratio of 0.91. The company has a market cap of $17.26 billion, a P/E ratio of 15.60, a PEG ratio of 2.45 and a beta of 1.31. NetApp, Inc. has a one year low of $71.84 and a one year high of $135.45.
NetApp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Friday, April 4th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, April 4th. NetApp's dividend payout ratio (DPR) is 38.52%.
Institutional Investors Weigh In On NetApp
Several hedge funds and other institutional investors have recently bought and sold shares of NTAP. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NetApp in the fourth quarter valued at $26,000. Assetmark Inc. lifted its holdings in shares of NetApp by 826.9% in the 4th quarter. Assetmark Inc. now owns 241 shares of the data storage provider's stock valued at $28,000 after purchasing an additional 215 shares during the last quarter. Synergy Investment Management LLC acquired a new stake in shares of NetApp in the 4th quarter valued at about $32,000. Itau Unibanco Holding S.A. grew its stake in NetApp by 929.6% during the 4th quarter. Itau Unibanco Holding S.A. now owns 278 shares of the data storage provider's stock worth $32,000 after buying an additional 251 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in NetApp during the fourth quarter worth approximately $35,000. 92.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on NTAP. StockNews.com cut NetApp from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Bank of America upgraded shares of NetApp from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $121.00 to $128.00 in a research note on Wednesday, February 19th. TD Cowen lowered their price objective on shares of NetApp from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Barclays cut their target price on shares of NetApp from $132.00 to $115.00 and set an "equal weight" rating on the stock in a research note on Friday, February 28th. Finally, Susquehanna cut shares of NetApp from a "positive" rating to a "neutral" rating and decreased their price target for the company from $155.00 to $130.00 in a research report on Monday, February 10th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $125.07.
Get Our Latest Stock Analysis on NTAP
NetApp Company Profile
(
Get Free Report)
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.
Further Reading
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