FCA Corp TX Has $1.03 Million Stock Holdings in NetApp, Inc. (NASDAQ:NTAP)

FCA Corp TX boosted its holdings in shares of NetApp, Inc. (NASDAQ:NTAP) by 14.3% during the fourth quarter, HoldingsChannel reports. The fund owned 8,000 shares of the data storage provider’s stock after purchasing an additional 1,000 shares during the quarter. FCA Corp TX’s holdings in NetApp were worth $1,030,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NTAP. Resonant Capital Advisors LLC increased its holdings in NetApp by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,442 shares of the data storage provider’s stock worth $516,000 after purchasing an additional 80 shares during the period. Larson Financial Group LLC lifted its holdings in shares of NetApp by 2.5% in the 4th quarter. Larson Financial Group LLC now owns 3,778 shares of the data storage provider’s stock valued at $438,000 after buying an additional 92 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of NetApp by 22.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 549 shares of the data storage provider’s stock valued at $64,000 after buying an additional 100 shares during the period. Moors & Cabot Inc. increased its stake in shares of NetApp by 3.6% in the 4th quarter. Moors & Cabot Inc. now owns 2,906 shares of the data storage provider’s stock valued at $337,000 after purchasing an additional 100 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of NetApp by 2.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,597 shares of the data storage provider’s stock valued at $534,000 after purchasing an additional 111 shares in the last quarter. 92.17% of the stock is owned by institutional investors.

NetApp Trading Up 0.2 %

Shares of NetApp stock opened at $92.25 on Friday. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 2.45 and a beta of 1.24. 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, Inc. has a 12-month low of $89.88 and a 12-month high of $135.45. The firm’s 50-day moving average price is $112.44 and its two-hundred day moving average price is $118.07.

NetApp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $2.08 annualized dividend and a yield of 2.25%. NetApp’s payout ratio is 38.52%.

Insiders Place Their Bets

In other NetApp news, EVP Elizabeth M. O’callahan sold 528 shares of NetApp stock in a transaction on Monday, March 10th. The shares were sold at an average price of $92.58, for a total transaction of $48,882.24. Following the transaction, the executive vice president now directly owns 12,900 shares of the company’s stock, valued at $1,194,282. The trade was a 3.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Cesar Cernuda sold 22,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $114.99, for a total value of $2,529,780.00. Following the completion of the sale, the president now owns 27,099 shares in the company, valued at $3,116,114.01. This represents a 44.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,931 shares of company stock worth $6,252,759. 0.47% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NTAP has been the subject of a number of analyst reports. Morgan Stanley upped their price target on NetApp from $132.00 to $146.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Wells Fargo & Company dropped their target price on NetApp from $130.00 to $115.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Keefe, Bruyette & Woods raised NetApp to an “outperform” rating in a report on Wednesday, February 19th. Citigroup reduced their price objective on shares of NetApp from $135.00 to $110.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of NetApp from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $129.07.

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.