NetApp, Inc. $NTAP Shares Bought by CIBC Asset Management Inc

07 Jun 2026, 08:15 by Mitch Edgeman · The Markets Daily

CIBC Asset Management Inc raised its position in NetApp, Inc. (NASDAQ:NTAP – Free Report) by 62.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 47,276 shares of the data storage provider’s stock after purchasing an additional 18,227 shares during the period. CIBC Asset Management Inc’s holdings in NetApp were worth $5,063,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Handelsbanken Fonder AB lifted its position in NetApp by 106.8% during the fourth quarter. Handelsbanken Fonder AB now owns 262,732 shares of the data storage provider’s stock worth $28,136,000 after buying an additional 135,715 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of NetApp in the 4th quarter worth approximately $14,869,000. Norges Bank bought a new stake in shares of NetApp in the 4th quarter worth approximately $458,060,000. Envestnet Asset Management Inc. raised its stake in NetApp by 4.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 432,772 shares of the data storage provider’s stock valued at $51,266,000 after acquiring an additional 20,089 shares in the last quarter. Finally, National Pension Service raised its stake in NetApp by 13.6% during the 4th quarter. National Pension Service now owns 180,917 shares of the data storage provider’s stock valued at $19,374,000 after acquiring an additional 21,643 shares in the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen cut NetApp from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. UBS Group reaffirmed a “neutral” rating and set a $160.00 target price on shares of NetApp in a report on Friday, May 29th. Argus lifted their price target on NetApp from $130.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 1st. Weiss Ratings downgraded NetApp from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Finally, Northland Securities lifted their price target on NetApp from $137.00 to $171.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $169.33.

Get Our Latest Report on NTAP

Insiders Place Their Bets

In related news, CAO Lorenzo Daniel De sold 225 shares of NetApp stock in a transaction on Monday, June 1st. The stock was sold at an average price of $171.09, for a total transaction of $38,495.25. Following the completion of the sale, the chief accounting officer owned 1,090 shares of the company’s stock, valued at approximately $186,488.10. This trade represents a 17.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth M. O’callahan sold 1,000 shares of NetApp stock in a transaction on Monday, May 11th. The shares were sold at an average price of $117.73, for a total value of $117,730.00. Following the sale, the executive vice president directly owned 18,382 shares of the company’s stock, valued at approximately $2,164,112.86. The trade was a 5.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,500 shares of company stock valued at $386,145. Insiders own 0.28% of the company’s stock.

NetApp Stock Performance

Shares of NTAP stock opened at $167.04 on Friday. The company has a market capitalization of $32.96 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 3.06 and a beta of 1.45. NetApp, Inc. has a 1-year low of $93.69 and a 1-year high of $192.83. The company has a current ratio of 1.44, a quick ratio of 1.39 and a debt-to-equity ratio of 1.84. The stock’s fifty day simple moving average is $119.80 and its 200-day simple moving average is $110.25.

NetApp (NASDAQ:NTAP – Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The data storage provider reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.24). The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. NetApp had a net margin of 18.43% and a return on equity of 117.23%. NetApp’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.93 EPS. NetApp has set its FY 2027 guidance at 8.700-9.000 EPS and its Q1 2027 guidance at 2.050-2.150 EPS. On average, sell-side analysts predict that NetApp, Inc. will post 7.14 earnings per share for the current fiscal year.

NetApp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Friday, July 10th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. NetApp’s dividend payout ratio (DPR) is presently 32.70%.

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.