Oregon Public Employees Retirement Fund lessened its stake in NetApp Inc. (NASDAQ:NTAP) by 37.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,256 shares of the data storage provider’s stock after selling 38,147 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NetApp were worth $4,386,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Destination Wealth Management lifted its holdings in shares of NetApp by 53.3% in the first quarter. Destination Wealth Management now owns 460 shares of the data storage provider’s stock worth $32,000 after buying an additional 160 shares in the last quarter. Parallel Advisors LLC increased its position in NetApp by 83.8% in the first quarter. Parallel Advisors LLC now owns 509 shares of the data storage provider’s stock worth $35,000 after purchasing an additional 232 shares during the last quarter. Cornerstone Advisors Inc. increased its position in NetApp by 326.2% in the first quarter. Cornerstone Advisors Inc. now owns 520 shares of the data storage provider’s stock worth $36,000 after purchasing an additional 398 shares during the last quarter. Bremer Trust National Association bought a new stake in NetApp in the fourth quarter worth $33,000. Finally, Financial Gravity Wealth Inc. bought a new stake in NetApp in the first quarter worth $39,000. 93.97% of the stock is currently owned by hedge funds and other institutional investors.
NTAP stock opened at $68.13 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.93. NetApp Inc. has a twelve month low of $54.50 and a twelve month high of $88.08. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 0.99 and a beta of 1.40.
NetApp Company Profile
NetApp, Inc provides software, systems, and services to manage and share data 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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