Aberdeen Group plc significantly increased its stake in NetApp, Inc. by 15.3% in Q3, now owning 192,421 shares valued at approximately $22.49 million, pushing institutional ownership to 92.17%. NetApp also reported strong Q3 earnings, beating EPS and revenue estimates, and announced a quarterly dividend of $0.52 per share. Despite a slight dip in stock price, analysts maintain a “Moderate Buy” consensus rating with an average target price of $122.86.
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Aberdeen Group plc Raises Position in NetApp, Inc. $NTAP
Aberdeen Group plc significantly increased its stake in NetApp, Inc. by 15.3% in Q3, now owning 192,421 shares valued at approximately $22.49 million, pushing institutional ownership to 92.17%. NetApp also reported strong Q3 earnings, beating EPS and revenue estimates, and announced a quarterly dividend of $0.52 per share. Despite a slight dip in stock price, analysts maintain a “Moderate Buy” consensus rating with an average target price of $122.86.