NetApp, Inc. (NASDAQ:NTAP) recovered 103.34% of its value since hitting low of $37.43. The recent move of -0.08% drop pushed the stock to close at $76.11 when trading ended on 06/13/2018. At recent session, the prices were hovering between $75.681 and $76.56. This company shares are -6.19% up from its target price of $71.4 and the current market capitalization stands at $20.55B. The recent change has given its price a 10.81% lead over SMA 50 and -0.74% deficit over its 52-week high. The stock witnessed 7.59% gains, 17.91% gains and 29.92% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NTAP’s volatility during a week at 1.87% and during a month it has been found around 2.48%.NetApp, Inc. (NTAP) Top Holders
Institutional investors currently hold around $18.84 billion or 95.7% in NTAP stock. Look at its top three institutional owners. Primecap Management Co/Ca/ owns $3.02 billion in NetApp, Inc., which represents roughly 14.68% of the company’s market cap and approximately 16.01% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 28,062,441 shares of the stock are valued at $2.14 billion. The third largest holder is Blackrock Inc., which currently holds $1.56 billion worth of this stock and that ownership represents nearly 7.59% of its market capitalization.
At the end of 03/31/2018 reporting period, 254 institutional holders increased their position in NetApp, Inc. (NASDAQ:NTAP) by some 24,345,583 shares, 293 decreased positions by 31,669,695 and 77 held positions by 191,360,082. That puts total institutional holdings at 247,375,360 shares, according to SEC filings. The stock grabbed 83 new institutional investments totaling 3,964,143 shares while 72 institutional investors sold out their entire positions totaling 3,143,426 shares.NetApp, Inc. (NASDAQ:NTAP) Insider Trades
Multiple company employees have indulged in significant insider trading. NetApp, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Held Gerald has sold 4,000 shares of NetApp, Inc. (NTAP) in trading session dated Jun. 06, 2018. These shares are worth $295,960 and were traded at $73.99 each. The SEC filing shows that Reich Joel D performed a sale of 12,000 shares. The Exec VP, Product Operations disposed these shares by way of transaction on Jun. 06, 2018. The company’s shares were given away at $73.13 per share worth to an income of some $877,560 on account of Reich Joel D.
SVP, GC & Secretary, Fawcett Matthew K, sold 16,188 common shares of NetApp, Inc. (NTAP) in the open market. In a transaction dated Jun. 05, 2018, the shares were put up for sale at an average price of $70.42, raking in a sum of $1,139,959. After this sale, 39,668 common shares of NTAP are directly owned by the insider, with total stake valued at $3,019,131.
In the transaction dated Jun. 01, 2018, the great number of shares disposed came courtesy the CEO; Kurian George disposed a total of 6,000 shares at an average price of $68.36, amounting to approximately $410,160. The insider now directly owns 175,680 shares worth $13,371,005.