NETAPP INC NTAP
COM · Common Stock · CUSIP 64110D104 · ISIN US64110D1046
- SectorTechnology
- IndustryComputer Storage Devices
- HeadquartersSan Jose, CA
- Founded1992
- Websitenetapp.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($177.5m this quarter). Holder counts are more reliable. Shares outstanding: 205.8m as of 2024-05-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $128.76. Options: 30 managers hold calls ($526.8m notional), 32 hold puts ($296.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 660 |
| Q4 2022 | 672 |
| Q1 2023 | 650 |
| Q2 2023 | 652 |
| Q3 2023 | 679 |
| Q4 2023 | 739 |
| Q1 2024 | 771 |
| Q2 2024 | 825 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 313 | 315 |
| Q1 2023 | 330 | 302 |
| Q2 2023 | 279 | 323 |
| Q3 2023 | 304 | 308 |
| Q4 2023 | 359 | 303 |
| Q1 2024 | 390 | 330 |
| Q2 2024 | 456 | 328 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $187.5m | $213.9m | 1.14 |
| Q4 2023 | $228.9m | $244.9m | 1.07 |
| Q1 2024 | $394.6m | $222.3m | 0.56 |
| Q2 2024 | $526.8m | $296.5m | 0.56 |
Biggest buyers
| BlackRock Inc. | Added | +2.5m |
| Capital World Investors | New | +1.7m |
| GOLDMAN SACHS GROUP INC | Added | +1.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +803.6k |
| Man Group plc | Added | +778.6k |
| Holocene Advisors, LP | New | +704.4k |
| AXA S.A. | Added | +667.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +613.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +580.5k |
| LORD, ABBETT & CO. LLC | Added | +514.6k |
Biggest sellers
| Capital International Investors | Sold out | -5.3m |
| MORGAN STANLEY | Reduced | -4.6m |
| Qube Research & Technologies Ltd | Reduced | -911.8k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -833.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -726.5k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -718.2k |
| EDMOND DE ROTHSCHILD HOLDING S.A. | Reduced | -524.5k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -506.9k |
| NORGES BANK | Reduced | -473.7k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -463.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $115.9m900.1k shares |
| PEAK6 Investments LLC | Added | $75.6m587.1k shares |
| CITADEL ADVISORS LLC | Added | $72.3m561.0k shares |
| SIMPLEX TRADING, LLC | Added | $57.9m449.9k shares |
| JANE STREET GROUP, LLC | Reduced | $35.1m272.3k shares |
| GROUP ONE TRADING LLC | Added | $21.1m164.0k shares |
| JPMORGAN CHASE & CO | Added | $17.5m135.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $16.3m126.9k shares |
| CITIGROUP INC | Added | $15.1m117.0k shares |
| IMC-Chicago, LLC | Added | $12.3m95.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $58.4m453.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $28.0m217.2k shares |
| JPMORGAN CHASE & CO | Added | $20.6m160.2k shares |
| PEAK6 Investments LLC | Added | $19.3m149.7k shares |
| UBS Group AG | Reduced | $17.6m136.8k shares |
| Walleye Capital LLC | Added | $15.6m120.8k shares |
| Twin Tree Management, LP | New | $15.4m119.5k shares |
| CITIGROUP INC | Unchanged | $15.2m118.0k shares |
| Genus Capital Management Inc. | New | $14.7m114.2k shares |
| SIMPLEX TRADING, LLC | Added | $13.0m100.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-23 | 9.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRIMECAP MANAGEMENT CO/CA/ (4.8%, 2025-11-14)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $1.7m | — |
| Q4 2022 | 0 | — | 3 | $1.6m | — |
| Q1 2023 | 0 | — | 2 | $2.0m | — |
| Q2 2023 | 0 | — | 2 | $956.9k | $811.7k |
| Q3 2023 | 0 | — | 5 | $4.1m | $3.0m |
| Q4 2023 | 0 | — | 4 | $3.0m | $3.0m |
| Q1 2024 | 0 | — | 4 | $5.8m | $5.8m |
| Q2 2024 | 0 | — | 6 | $14.2m | $10.6m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-28 | CERNUDA CESAR President | Sold plan | $2.8m22.0k shares |
| 2024-06-26 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $955.8k7.5k shares |
| 2024-06-25 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $954.3k7.5k shares |
| 2024-06-21 | NEVENS THOMAS MICHAEL Director · By The Nevens Family 1997 Trust | Sold plan | $424.5k3.3k shares |
| 2024-06-17 | Kurian George CEO, director | Sold plan | $1.1m8.5k shares |
| 2024-06-10 | SHAHEEN GEORGE T Director | Sold | $3.5m29.0k shares |
| 2024-06-10 | O'Callahan Elizabeth M EVP, Chief Legal Officer | Sold plan | $80.9k672 shares |
| 2024-05-13 | Kurian George CEO, director | Sold plan | $922.8k8.5k shares |
| 2024-05-10 | O'Callahan Elizabeth M EVP, Chief Legal Officer | Sold plan | $94.8k871 shares |
| 2024-04-15 | Kurian George CEO, director | Sold plan | $876.8k8.5k shares |
| 2024-04-10 | O'Callahan Elizabeth M EVP, Chief Legal Officer | Sold plan | $89.7k871 shares |
| 2024-04-01 | CERNUDA CESAR President | Sold plan | $2.3m22.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.06% of their portfolio | 25.8m $3.3bn | Added +184.6k |
| BlackRock Inc. 0.06% of their portfolio | 21.2m $2.7bn | Added +2.5m |
| PRIMECAP MANAGEMENT CO/CA/ 1.29% of their portfolio | 13.8m $1.8bn | Reduced -718.2k |
| STATE STREET CORP 0.06% of their portfolio | 10.1m $1.3bn | Added +499.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 5.5m $711.1m | Added +508.0k |
| AMERIPRISE FINANCIAL INC 0.18% of their portfolio | 5.1m $651.7m | Reduced -195.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.47% of their portfolio | 4.2m $539.2m | Added +803.6k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 3.1m $404.4m | Added +1.1m |
| MORGAN STANLEY 0.03% of their portfolio | 3.1m $397.5m | Reduced -4.6m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.11% of their portfolio | 2.9m $378.0m | Added +580.5k |
| Beutel, Goodman & Co Ltd. 1.98% of their portfolio | 2.9m $373.4m | Added +24.5k |
| ACADIAN ASSET MANAGEMENT LLC 1.11% of their portfolio | 2.8m $359.5m | Added +416.2k |
| NORGES BANK 0.05% of their portfolio | 2.6m $332.0m | Reduced -473.7k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.5m $325.9m | Reduced -252.5k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 2.3m $299.2m | Added +129.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 1.06% of their portfolio | 2.3m $296.6m | Reduced -1.8k |
| Invesco Ltd. 0.06% of their portfolio | 2.2m $279.5m | Reduced -354.5k |
| LORD, ABBETT & CO. LLC 0.45% of their portfolio | 2.1m $269.3m | Added +514.6k |
| TD Asset Management Inc 0.24% of their portfolio | 2.0m $252.4m | Reduced -189.2k |
| Legal & General Group Plc 0.07% of their portfolio | 1.9m $250.9m | Reduced -60.1k |
| Epoch Investment Partners, Inc. 1.12% of their portfolio | 1.9m $245.2m | Reduced -78.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.8m $234.9m | Added +14.4k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.7m $223.8m | Added +197.0k |
| Capital World Investors 0.04% of their portfolio | 1.7m $220.0m | New |
| Allianz Asset Management GmbH 0.35% of their portfolio | 1.7m $216.6m | Added +73.2k |
| AQR CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 1.6m $211.6m | Added +613.6k |
| Amundi 0.08% of their portfolio | 1.6m $210.8m | Reduced -274.9k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.6m $209.7m | Reduced -71.6k |
| Man Group plc 0.50% of their portfolio | 1.5m $189.1m | Added +778.6k |
| FIRST TRUST ADVISORS LP 0.18% of their portfolio | 1.4m $174.7m | Reduced -216.6k |
| Boston Partners 0.22% of their portfolio | 1.3m $173.7m | Reduced -12.6k |
| AXA S.A. 0.25% of their portfolio | 1.3m $170.6m | Added +667.0k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 1.2m $159.3m | Added +374.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 2.32% of their portfolio | 1.1m $136.4m | Reduced -524.5k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.0m $133.4m | Reduced -112.3k |
| California Public Employees Retirement System 0.10% of their portfolio | 1.0m $130.7m | Reduced -240.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 903.4k $116.4m | Added +509.4k |
| Robeco Institutional Asset Management B.V. 0.25% of their portfolio | 890.4k $114.7m | Added +139.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 840.5k $108.3m | Added +135.8k |
| DEUTSCHE BANK AG\ 0.05% of their portfolio | 832.5k $107.2m | Added +78.8k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.11% of their portfolio | 752.2k $96.9m | Reduced -65.6k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 707.6k $91.1m | Added +253.8k |
| Holocene Advisors, LP 0.38% of their portfolio | 704.4k $90.7m | New |
| LSV ASSET MANAGEMENT 0.20% of their portfolio | 691.8k $89.1m | Reduced -50.9k |
| Skandinaviska Enskilda Banken AB (publ) 0.43% of their portfolio | 689.0k $88.7m | Added +156.4k |
| Nuveen Asset Management, LLC 0.03% of their portfolio | 680.1k $87.6m | Added +31.2k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 664.2k $85.6m | Added +137.1k |
| BROWN ADVISORY INC 0.11% of their portfolio | 646.2k $83.2m | Added +101.8k |
| UBS Group AG 0.03% of their portfolio | 644.7k $83.0m | Added +107.8k |
| PANAGORA ASSET MANAGEMENT INC 0.40% of their portfolio | 617.2k $79.5m | Added +40.2k |
| Swiss National Bank 0.05% of their portfolio | 611.1k $78.7m | Reduced -5.9k |
| BARCLAYS PLC 0.04% of their portfolio | 596.7k $76.9m | Added +80.6k |
| AustralianSuper Pty Ltd 0.43% of their portfolio | 584.5k $75.3m | Reduced -321.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio | 558.9k $72.0m | Added +81.0k |
| Caisse de depot et placement du Quebec 0.17% of their portfolio | 551.7k $71.1m | Added +426.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.18% of their portfolio | 527.0k $67.9m | Added +70.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 522.7k $67.3m | Reduced -39.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.19% of their portfolio | 519.7k $66.9m | Reduced -302.2k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 510.3k $65.7m | Added +46.8k |
| Boston Trust Walden Corp 0.48% of their portfolio | 505.4k $65.1m | Added +10.3k |
| MACQUARIE GROUP LTD 0.07% of their portfolio | 505.4k $65.1m | Reduced -94.8k |
| Andra AP-fonden 1.08% of their portfolio | 499.2k $64.3m | Reduced -35.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 494.4k $63.7m | Added +114.8k |
| Mariner, LLC 0.12% of their portfolio | 484.1k $62.4m | Added +4.2k |
| ARIEL INVESTMENTS, LLC 0.67% of their portfolio | 480.9k $61.9m | Reduced -181.8k |
| Twin Tree Management, LP 1.80% of their portfolio | 474.8k $61.1m | Added +179.8k |
| SEIZERT CAPITAL PARTNERS, LLC 2.86% of their portfolio | 447.5k $57.6m | Reduced -98.3k |
| GLENMEDE TRUST CO NA 0.29% of their portfolio | 447.0k $57.6m | Added +291.0k |
| TCW GROUP INC 0.50% of their portfolio | 437.2k $56.3m | New |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.31% of their portfolio | 416.9k $53.7m | Added +160.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 410.3k $52.9m | Reduced -44.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 405.4k $52.2m | Reduced -463.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 404.9k $52.2m | Reduced -237.8k |
| National Pension Service 0.06% of their portfolio | 394.9k $50.9m | Reduced -36.3k |
| APG Asset Management N.V. 0.08% of their portfolio | 389.7k $46.8m | Added +47.8k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 388.8k $50.1m | Added +63.8k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 370.0k $47.7m | Added +26.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.16% of their portfolio | 369.7k $47.6m | Reduced -22.2k |
| APG Asset Management US Inc. 0.28% of their portfolio | 369.1k $48.1m | New |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 362.5k $46.7m | Added +17.2k |
| DANSKE BANK A/S 0.17% of their portfolio | 360.6k $46.5m | Added +29.1k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 359.1k $45.8m | Added +5.3k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 350.5k $45.1m | Added +56.8k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 349.7k $45.0m | Added +12.9k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 344.8k $44.3m | Added +53.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 335.7k $43.2m | Reduced -10.9k |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 316.7k $40.8m | Reduced -247.8k |
| Railway Pension Investments Ltd 0.49% of their portfolio | 316.3k $40.7m | Reduced -36.2k |
| Artisan Partners Limited Partnership 0.06% of their portfolio | 309.1k $39.8m | Reduced -51.9k |
| AVIVA PLC 0.11% of their portfolio | 308.7k $39.8m | Added +130.8k |
| CITIGROUP INC 0.04% of their portfolio | 307.9k $39.7m | Reduced -69.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 298.7k $38.5m | Reduced -833.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 296.8k $38.2m | Reduced -2.2k |
| CAPITAL FUND MANAGEMENT S.A. 0.43% of their portfolio | 296.3k $38.2m | Added +91.3k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 294.1k $37.9m | Reduced -217.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.16% of their portfolio | 294.1k $37.9m | Reduced -132.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 292.7k $37.7m | Added +25.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 281.2k $36.2m | Reduced -523 |
| INTECH INVESTMENT MANAGEMENT LLC 0.44% of their portfolio | 277.4k $35.7m | Added +39.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 264.7k $34.3m | Reduced -38.6k |