The most recent Form 13F filing that Quantamental Technologies LLC made with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s holdings in NetApp, INC (NASDAQ: NTAP) were reduced by 58.5%. Following the sale of 6,684 shares held by the data storage provider throughout the period, the fund’s total holdings comprised 4,746 shares. Quantamental Technologies LLC stated in its most recent report to the Securities and Exchange Commission (SEC) that the value of the company’s interests in NetApp was $294,000. (SEC).
The recent performance of NTAP’s stock has attracted the attention of several industry analysts.
In a research report published on February 23, Citigroup lowered its “buy” recommendation for NetApp and lowered its price objective from $110.00 to $100.00.
Both of these changes occurred simultaneously.
The Credit Suisse Group reevaluated its previous recommendation of “outperform” for NetApp and assigned the company a rating of “neutral” due to a research study published on February 23.
In a research report published on February 23, Raymond James lowered their “outperform” rating and their price target on NetApp shares, which had previously been set at $80.00.
The new price target is $75.00. UBS Group lowered their price objective for NetApp from $78.00 to $74.00 in a research report published on Thursday, February 23.
They also downgraded the company’s rating from “neutral” to “underweight.”
Last, StockNews.com lowered its recommendation for NetApp from “buy” to “hold” in a research study released on February 22.
The investment analysts have provided the stock with three distinct ratings: “sell” from two of them, “hold” from twelve of them, and “buy” from nine of them.
According to the data from Bloomberg, the current recommendation for NetApp is “Hold,” The price target has been established at $76.25 for the stock.
Recent months have seen several institutional investors and hedge funds make adjustments to the holdings of NTAP that are contained within their respective investment portfolios.
Ten Capital Wealth Advisors LLC spent roughly $27,000 during the third quarter to acquire a new holding in NetApp.
This investment was made in the company’s stock.
Through the course of the third quarter, Ronald Blue Trust INC was able to achieve a 183.5% increase in the proportion of NetApp stock that it owned.
The data storage provider’s stock is currently valued at $36,000 per share, and Ronald Blue Trust INC has a total of 550 shares of the company’s stock after purchasing an additional 356 shares during the period in question.
These shares were acquired at various points during the period.
During the third quarter of the current fiscal year, Gradient Investments LLC increased the percentage of NetApp shares it owned by 57.3%. Gradient Investments LLC now has a total of 629 shares of the data storage company’s stock, valued at $39,000, thanks to the fact that the company made an additional purchase of 229 shares during the preceding quarter.
Ameliora Wealth Management Ltd made a new investment in NetApp during the third quarter worth $73,000.
This investment was made during the quarter.
Last but not least, during the second quarter, Quadrant Capital Group LLC made a 28.6% increase in the amount of NetApp stock it owned, bringing its total percentage to 100%.
The data storage provider Quadrant Capital Group LLC now has 1,173 shares of the company’s stock, thanks to purchasing an additional 261 shares during the most recent fiscal quarter.
The price these shares are currently fetching on the market is $77,000.
Most of the stock is owned by institutional investors, which account for 87.92% of the total.
On Friday, the price of one share of NASDAQ: NTAP stock was set at $63.40, and trading began.
The moving average of the company’s stock price over the past 200 days is $66.66, while the moving average over the last 50 days is $65.31.
During the past year, the price of NetApp, INC has fluctuated between $58.08 and $90.20, reaching a low of $58.08 and a high of $90.20, respectively.
The company has a beta value of 1.19, a market value of $13.56 billion, a price-to-earnings ratio of 10.91, and a price-to-earnings-to-growth ratio of 1.72.
All of these statistics can be found in the company’s financial statements.
The debt-to-equity ratio is calculated to be 2.17, the current ratio is calculated to be 1.34, and the quick ratio is calculated to be 1.29.
On February 22, the most recent quarterly earnings report for NetApp (NASDAQ: NTAP) was made available to the public.
The data storage company reported earnings per share (EPS) for the quarter at $1.37, which was $0.06 higher than the average estimate of $1.31. NetApp had a return on equity of 103.19 percent, and the company’s net margin was 19.93 percent.
Despite predictions made by analysts that the company would bring in $1.61 billion in revenue during the quarter, the actual revenue brought in by the corporation was only $1.53 billion.
The company posted earnings of $1.20 per share during the same period the year before when compared to the current year.
The revenue the company brought in during the quarter was 5.5% lower compared to the same period that occurred the year before.
According to projections made by analysts who focus their practices on researching companies’ financial performance, NetApp, INC will rake in a profit of $4.29 per share during the current financial year.
In addition, the corporation has just announced that it will distribute a quarterly dividend on Wednesday, April 26.
The dividend was just declared. On Thursday, April 6, record shareholders will receive a $0.50 dividend payment.
This payment will be made. On Wednesday, April 5, you are required to pay the dividend. Consequently, the dividend yield is calculated to be 3.15 percent, and the amount distributed each year is $2.
At this time, it has been determined that NetApp’s dividend payout ratio (also known as DPR) is 34.42%.
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