Atria Wealth Solutions Inc. Has $1.27 Million Stock Holdings in NetApp, Inc. (NASDAQ:NTAP)

Atria Wealth Solutions Inc. boosted its position in shares of NetApp, Inc. (NASDAQ:NTAP) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,918 shares of the data storage provider’s stock after purchasing an additional 937 shares during the period. Atria Wealth Solutions Inc.’s holdings in NetApp were worth $1,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NTAP. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NetApp during the 4th quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new stake in NetApp in the fourth quarter valued at approximately $35,000. True Wealth Design LLC grew its position in NetApp by 2,833.3% in the third quarter. True Wealth Design LLC now owns 352 shares of the data storage provider’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of NetApp during the 3rd quarter worth $44,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of NetApp during the 3rd quarter valued at $51,000. Hedge funds and other institutional investors own 92.17% of the company’s stock.

NetApp Trading Down 0.1 %

NetApp stock opened at $124.47 on Monday. NetApp, Inc. has a 12 month low of $85.28 and a 12 month high of $135.45. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The business has a 50 day moving average price of $120.12 and a two-hundred day moving average price of $122.00. The company has a quick ratio of 0.84, a current ratio of 0.91 and a debt-to-equity ratio of 1.39.

NetApp (NASDAQ:NTAP) last issued its earnings results on Thursday, November 21st. The data storage provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.78 by $0.09. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.65 billion. NetApp had a return on equity of 123.63% and a net margin of 17.78%. NetApp’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. As a group, equities analysts forecast that NetApp, Inc. will post 5.89 EPS for the current year.

Insider Activity

In other news, CFO Michael J. Berry sold 12,500 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $120.74, for a total value of $1,509,250.00. Following the completion of the transaction, the chief financial officer now directly owns 123,243 shares of the company’s stock, valued at approximately $14,880,359.82. This represents a 9.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurian sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $124.29, for a total value of $1,056,465.00. Following the transaction, the chief executive officer now owns 279,782 shares of the company’s stock, valued at $34,774,104.78. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,903 shares of company stock worth $7,260,341. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NTAP. Oppenheimer began coverage on shares of NetApp in a report on Wednesday, November 13th. They issued a “market perform” rating for the company. Stifel Nicolaus boosted their target price on NetApp from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Northland Securities upped their target price on NetApp from $108.00 to $120.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Wells Fargo & Company dropped their price target on shares of NetApp from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, StockNews.com raised shares of NetApp from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $137.33.

About NetApp

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.