NetApp Inc. (NASDAQ:NTAP) was the recipient of some unusual options trading on Wednesday. Traders acquired 12,231 call options on the company. This is an increase of 1,166% compared to the typical daily volume of 966 call options.
Shares of NTAP opened at $78.03 on Thursday. The company has a market cap of $20.45 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.42 and a beta of 1.38. NetApp has a 12-month low of $45.24 and a 12-month high of $88.08. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.03 and a current ratio of 2.06.
NetApp (NASDAQ:NTAP) last released its quarterly earnings data on Wednesday, November 14th. The data storage provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.07. NetApp had a return on equity of 41.75% and a net margin of 3.68%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.81 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that NetApp will post 3.92 EPS for the current year.
In other news, CEO George Kurian sold 46,638 shares of NetApp stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $84.76, for a total transaction of $3,953,036.88. Following the transaction, the chief executive officer now directly owns 55,950 shares of the company’s stock, valued at approximately $4,742,322. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joel D. Reich sold 7,157 shares of NetApp stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $86.83, for a total value of $621,442.31. Following the transaction, the vice president now directly owns 603 shares in the company, valued at $52,358.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,926 shares of company stock worth $10,378,444. Insiders own 0.19% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in NetApp by 270.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,332,932 shares of the data storage provider’s stock worth $183,205,000 after acquiring an additional 1,702,432 shares during the last quarter. Berkshire Capital Holdings Inc. bought a new stake in NetApp in the 2nd quarter worth approximately $7,588,000. Ontario Teachers Pension Plan Board increased its stake in NetApp by 10.9% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 30,826 shares of the data storage provider’s stock worth $2,421,000 after acquiring an additional 3,041 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in NetApp by 11.8% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 878,166 shares of the data storage provider’s stock worth $68,962,000 after acquiring an additional 92,890 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in NetApp in the 2nd quarter worth approximately $363,000. 95.18% of the stock is currently owned by institutional investors and hedge funds.
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NetApp, Inc provides software, systems, and services to manage and share date on-premises, and private and public clouds worldwide. It offers cloud data services, such as ONTAP cloud storage data management and NetApp cloud sync data synchronization services; NetApp SaaS backup for Microsoft Office 365; NetApp cloud backup solutions; OnCommand management software and management integration tools; and NetApp private storage for cloud.
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