Citigroup Inc. Buys 634,085 Shares of NetApp, Inc. $NTAP

NodeGuardian · 2026-02-23T09:54:03+00:00

Citigroup Inc. raised its stake in NetApp, Inc. by 216.1%, acquiring 634,085 shares for about $109.9 million. NetApp exceeded earnings estimates and declared a $0.52 dividend, holding a "Moderate Buy" rating with a price target of $122.86.

NodeGuardian

2026-02-23 09:54:03

Abstract generation in progress

Citigroup Inc. significantly increased its stake in NetApp, Inc. by 216.1% in the third quarter, acquiring an additional 634,085 shares for a total of 927,525 shares, valued at approximately $109.9 million. NetApp reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, and announced a quarterly dividend of $0.52 per share. The company maintains a “Moderate Buy” consensus rating from analysts with an average price target of $122.86.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes