Danske Bank A S Purchases Shares of 166,239 NetApp, Inc. $NTAP

20 Aug 2026, 08:12 by Michael Walen · The Markets Daily

Danske Bank A S acquired a new position in shares of NetApp, Inc. (NASDAQ:NTAP – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 166,239 shares of the data storage provider’s stock, valued at approximately $25,727,000. Danske Bank A S owned 0.08% of NetApp at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. West Financial Advisors LLC purchased a new position in NetApp in the 2nd quarter worth $37,000. Park Square Financial Group LLC increased its holdings in shares of NetApp by 68.7% in the fourth quarter. Park Square Financial Group LLC now owns 253 shares of the data storage provider’s stock valued at $29,000 after purchasing an additional 103 shares during the period. Gen Wealth Partners Inc acquired a new position in shares of NetApp in the fourth quarter valued at about $30,000. DV Equities LLC purchased a new position in shares of NetApp in the fourth quarter worth about $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of NetApp during the third quarter worth about $35,000. 92.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NetApp

In other NetApp news, President Cesar Cernuda sold 2,608 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $204.48, for a total transaction of $533,283.84. Following the completion of the transaction, the president directly owned 46,530 shares in the company, valued at approximately $9,514,454.40. This represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Lorenzo Daniel De sold 225 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $171.09, for a total transaction of $38,495.25. Following the transaction, the chief accounting officer directly owned 1,090 shares in the company, valued at approximately $186,488.10. The trade was a 17.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 55,297 shares of company stock valued at $8,758,016. 0.36% of the stock is owned by company insiders.

NetApp Price Performance

NASDAQ:NTAP opened at $194.48 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.44 and a debt-to-equity ratio of 1.84. NetApp, Inc. has a 52 week low of $93.69 and a 52 week high of $209.06. The stock’s 50-day moving average price is $171.67 and its 200-day moving average price is $133.81. The stock has a market capitalization of $38.16 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 3.67 and a beta of 1.45.

NetApp (NASDAQ:NTAP – Get Free Report) last issued its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.24). NetApp had a net margin of 18.43% and a return on equity of 117.23%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $1.93 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. As a group, equities analysts expect that NetApp, Inc. will post 7.3 EPS for the current fiscal year.

NetApp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Friday, July 10th were given a dividend of $0.52 per share. The ex-dividend date was Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.1%. NetApp’s dividend payout ratio (DPR) is 32.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley upgraded NetApp from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $137.00 to $173.00 in a research report on Monday, August 10th. Barclays raised their price target on shares of NetApp from $120.00 to $199.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Weiss Ratings upgraded shares of NetApp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, June 8th. Northland Securities upped their price objective on shares of NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Argus increased their price objective on shares of NetApp from $130.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, NetApp presently has an average rating of “Hold” and an average target price of $177.25.

View Our Latest Stock Report on NTAP

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.