<div id="readability-page-1"><p>Stance Capital LLC bought a new stake in  NetApp, Inc. (NASDAQ:NTAP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor  bought 22,882 shares of the data storage provider's stock, valued at approximately $2,438,000. NetApp comprises approximately  0.9% of Stance Capital LLC's investment portfolio, making the stock its 22nd largest position.</p><ul><li>Semtech Stock Climbs as AI Boom Drives Turnaround Success</li></ul><p>A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in shares of  NetApp during the 2nd quarter worth approximately $281,093,000.  Boston Partners increased its position in shares of  NetApp by 108.9% during the second quarter. Boston Partners now owns 2,947,200 shares of the data storage provider's stock valued at $313,997,000 after acquiring an additional 1,536,339 shares during the last quarter.  Geode Capital Management LLC lifted its holdings in  NetApp by 16.8% during the second quarter. Geode Capital Management LLC now owns 7,112,316 shares of the data storage provider's stock worth $756,665,000 after acquiring an additional 1,024,626 shares during the period.  Livforsakringsbolaget Skandia Omsesidigt boosted its position in  NetApp by 1,230.3% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,007,591 shares of the data storage provider's stock worth $107,359,000 after purchasing an additional 931,850 shares during the last quarter.  Finally, Bank of America Corp DE grew its stake in  NetApp by 83.0% in the 2nd quarter. Bank of America Corp DE now owns 1,544,513 shares of the data storage provider's stock valued at $164,568,000 after purchasing an additional 700,467 shares during the period. 92.17% of the stock is owned by institutional investors. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts have recently commented on the company. Wells Fargo &amp; Company lifted their target price on NetApp from $100.00 to $115.00 and gave the stock a &#34;positive&#34; rating in a research note on Wednesday, November 26th. Northland Capmk upgraded shares of NetApp from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Wednesday, November 26th. Bank of America increased their target price on shares of NetApp from $125.00 to $129.00 and gave the company a &#34;neutral&#34; rating in a research report on Wednesday, November 26th. Wedbush  reaffirmed a &#34;neutral&#34; rating and issued a $110.00 price target on shares of NetApp in a report on Friday, October 10th. Finally, UBS Group upped their price objective on NetApp from $114.00 to $120.00 and gave the company a &#34;neutral&#34; rating in a research note on Wednesday, November 26th. One investment analyst  has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued  a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus target price of $124.07.</p><ul><li>2 AI Stocks That Gap and Crapped for a Dip Buying Opportunity  </li></ul><p><b>Read Our Latest Stock Report on NTAP</b></p><h2>Insider Activity</h2><p>In related news, CAO Lorenzo Daniel De sold 779 shares of the business's stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $121.87, for a total transaction of $94,936.73. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is accessible through this link. Also, EVP Elizabeth M. O'callahan sold 1,000 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $119.00, for a total transaction of $119,000.00. Following the completion of the sale, the executive vice president owned 22,628 shares in the company, valued at $2,692,732. This represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,183 shares of company stock worth $1,359,691. 0.28% of the stock is owned by company insiders. </p><h2>NetApp Stock Performance</h2><ul><li>2 Stocks Riding the Recovery in Cloud Computing Driven by AI</li></ul><p>Shares of NTAP stock opened at $115.66 on Friday. The firm's 50 day moving average is $114.67 and its 200 day moving average is $111.49. The stock has a market capitalization of $22.91 billion, a P/E ratio of 20.11, a PEG ratio of 2.56 and a beta of 1.42. NetApp, Inc. has a 12 month low of $71.84 and a 12 month high of $127.78. The company has a current ratio of 1.34, a quick ratio of 1.30 and a debt-to-equity ratio of 2.52. </p><p>NetApp (NASDAQ:NTAP - Get Free Report) last issued its 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. The business had revenue of $1.71 billion for the quarter, compared to analysts' expectations of $1.69 billion. NetApp had a net margin of 17.73% and a return on equity of 121.28%. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.87 EPS. NetApp has set its FY 2026 guidance at 7.750-8.050 EPS and its Q3 2026 guidance at 2.010-2.110 EPS.  On average, sell-side analysts anticipate that  NetApp, Inc. will post 5.89 earnings per share for the current year. </p><h2>NetApp Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Friday, January 2nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, January 2nd. NetApp's dividend payout ratio  is presently 36.17%. </p><h2>NetApp Company Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than NetApp</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>How to find penny stocks to invest and trade </li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>What is a Bond Market Holiday? How to Invest and Trade</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlRBUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9TlRBUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in NetApp Right Now?</h2><p>Before you consider NetApp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetApp wasn't on the list.</p><p>While NetApp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

NTAP

<p>Stance Capital LLC purchased 22,882 shares of NetApp, Inc., valued at $2,438,000, making it the 22nd largest position in their portfolio. Other investors like Norges Bank and Boston Partners also increased their stakes. Analysts have given NetApp a consensus rating of "Moderate Buy" with a target price of $124.07. Insiders sold shares worth $1,359,691 recently.</p>

22,882 Shares in NetApp, Inc. $NTAP Purchased by Stance Capital LLC