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 ($37.1m this quarter). Holder counts are more reliable. Shares outstanding: 203.4m as of 2025-02-21, 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 ≈ $87.79. Options: 27 managers hold calls ($164.0m notional), 26 hold puts ($161.0m).
Trends to Q1 2025
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 |
| Q3 2024 | 840 |
| Q4 2024 | 880 |
| Q1 2025 | 831 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 279 | 323 |
| Q3 2023 | 304 | 308 |
| Q4 2023 | 359 | 303 |
| Q1 2024 | 390 | 330 |
| Q2 2024 | 456 | 328 |
| Q3 2024 | 419 | 390 |
| Q4 2024 | 423 | 366 |
| Q1 2025 | 389 | 455 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $526.8m | $296.5m | 0.56 |
| Q3 2024 | $371.8m | $270.3m | 0.73 |
| Q4 2024 | $292.1m | $223.6m | 0.77 |
| Q1 2025 | $164.0m | $161.0m | 0.98 |
Biggest buyers
| Pacer Advisors, Inc. | Added | +1.0m |
| Beutel, Goodman & Co Ltd. | Added | +753.1k |
| VANGUARD GROUP INC | Added | +598.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +560.2k |
| Freestone Grove Partners LP | New | +552.2k |
| FEDERATED HERMES, INC. | Added | +541.8k |
| Boston Trust Walden Corp | Added | +436.8k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +406.2k |
| UBS Group AG | Added | +384.9k |
| Invesco Ltd. | Added | +384.4k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.7m |
| BlackRock, Inc. | Reduced | -1.7m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.3m |
| LOS ANGELES CAPITAL MANAGEMENT LLC | Reduced | -1.0m |
| Robeco Institutional Asset Management B.V. | Reduced | -844.9k |
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -718.2k |
| Boston Partners | Reduced | -672.3k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -667.7k |
| California Public Employees Retirement System | Reduced | -608.3k |
| BROWN ADVISORY INC | Reduced | -598.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $34.6m394.4k shares |
| CITADEL ADVISORS LLC | Added | $30.5m347.1k shares |
| Twin Tree Management, LP | Added | $18.0m204.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.9m135.9k shares |
| PEAK6 LLC | Added | $8.6m97.8k shares |
| IMC-Chicago, LLC | Added | $7.7m87.4k shares |
| Squarepoint Ops LLC | Added | $7.5m85.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $6.6m74.7k shares |
| Cubist Systematic Strategies, LLC | Added | $6.4m73.4k shares |
| Walleye Trading LLC | Reduced | $4.7m53.3k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $35.0m398.7k shares |
| Twin Tree Management, LP | Added | $26.6m302.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $20.7m2.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $17.1m194.7k shares |
| Squarepoint Ops LLC | Added | $11.3m128.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.9m101.5k shares |
| PEAK6 LLC | Added | $6.7m76.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $6.4m72.6k shares |
| IMC-Chicago, LLC | Added | $5.9m67.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.5m62.3k 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 Q1 2025
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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2024 | 0 | — | 6 | $8.4m | $8.4m |
| Q4 2024 | 0 | — | 6 | $8.2m | $8.2m |
| Q1 2025 | 1 | $499.6k | 5 | $13.1m | $13.1m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-28 | CERNUDA CESAR President | Sold plan | $1.8m19.7k shares |
| 2025-03-28 | GUSTAFSSON ANDERS Director | Bought | $244.8k2.7k shares |
| 2025-03-27 | GUSTAFSSON ANDERS Director | Bought | $254.8k2.8k shares |
| 2025-03-17 | Kurian George CEO, director | Sold plan | $787.3k8.5k shares |
| 2025-03-10 | O'Callahan Elizabeth M EVP, Chief Admin. Officer | Sold plan | $48.9k528 shares |
| 2025-03-05 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.2m12.5k shares |
| 2025-03-04 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.2m12.5k shares |
| 2025-02-19 | De Lorenzo Daniel VP, Controller & CAO | Sold plan | $36.3k299 shares |
| 2025-02-18 | Kurian George CEO, director | Sold plan | $1.0m8.5k shares |
| 2025-02-10 | O'Callahan Elizabeth M EVP, Chief Legal Officer | Sold plan | $54.6k452 shares |
| 2025-02-05 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.5m12.5k shares |
| 2025-02-04 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.5m12.5k shares |
| 2025-01-21 | Kurian George CEO, director | Sold plan | $1.0m8.5k shares |
| 2025-01-10 | O'Callahan Elizabeth M EVP, Chief Legal Officer | Sold plan | $52.7k451 shares |
| 2025-01-08 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.5m12.5k shares |
| 2025-01-07 | BERRY MICHAEL J EVP, CFO · By The Berry Family Trust | Sold plan | $1.5m12.5k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 27.0m $2.4bn | Added +598.0k |
| BlackRock, Inc. 0.04% of their portfolio | 22.4m $2.0bn | Reduced -1.7m |
| PRIMECAP MANAGEMENT CO/CA/ 0.84% of their portfolio | 11.5m $1.0bn | Reduced -718.2k |
| STATE STREET CORP 0.04% of their portfolio | 10.4m $913.9m | Added +1.9k |
| AMERIPRISE FINANCIAL INC 0.17% of their portfolio | 7.1m $623.4m | Added +72.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 6.1m $534.3m | Added +303.3k |
| Beutel, Goodman & Co Ltd. 1.84% of their portfolio | 3.6m $319.8m | Added +753.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 3.5m $311.5m | Added +560.2k |
| Invesco Ltd. 0.06% of their portfolio | 3.5m $308.1m | Added +384.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.8m $247.2m | Reduced -10.4k |
| NORGES BANK 0.03% of their portfolio | 2.7m $235.5m | Added +41.7k |
| GOLDMAN SACHS GROUP INC 0.04% of their portfolio | 2.6m $231.2m | Reduced -192.1k |
| MORGAN STANLEY 0.02% of their portfolio | 2.6m $224.2m | Added +135.1k |
| Amundi 0.07% of their portfolio | 2.2m $183.2m | Added +230.8k |
| Legal & General Group Plc 0.05% of their portfolio | 2.1m $181.7m | Added +83.8k |
| Allianz Asset Management GmbH 0.26% of their portfolio | 2.0m $176.9m | Added +210.2k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.0m $172.6m | Reduced -7.2k |
| TD Asset Management Inc 0.14% of their portfolio | 1.8m $156.1m | Added +6.5k |
| Epoch Investment Partners, Inc. 0.79% of their portfolio | 1.7m $153.3m | Reduced -59.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.7m $149.8m | Added +89.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.5m $130.7m | Added +343.5k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.4m $125.9m | Added +24.8k |
| Boston Partners 0.15% of their portfolio | 1.4m $123.9m | Reduced -672.3k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 1.4m $120.6m | Reduced -371.3k |
| UBS Group AG 0.03% of their portfolio | 1.3m $114.9m | Added +384.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.3m $112.8m | Reduced -3.8k |
| ACADIAN ASSET MANAGEMENT LLC 0.30% of their portfolio | 1.2m $107.0m | Reduced -1.3m |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.2m $102.7m | Added +56.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.1m $100.2m | Added +406.2k |
| FEDERATED HERMES, INC. 0.21% of their portfolio | 1.1m $96.3m | Added +541.8k |
| Pacer Advisors, Inc. 0.22% of their portfolio | 1.1m $93.9m | Added +1.0m |
| Skandinaviska Enskilda Banken AB (publ) 0.46% of their portfolio | 1.1m $93.8m | Reduced -56.0k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.0m $88.4m | Added +45.7k |
| KBC Group NV 0.24% of their portfolio | 876.4k $77.0m | Reduced -14.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 844.0k $74.1m | Added +181.7k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 1.26% of their portfolio | 814.7k $71.6m | Added +122.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 760.4k $66.8m | Reduced -1.7m |
| BARCLAYS PLC 0.03% of their portfolio | 756.3k $66.4m | Added +19.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.07% of their portfolio | 746.5k $66.0m | Reduced -194.0k |
| Clark Capital Management Group, Inc. 0.45% of their portfolio | 717.5k $63.0m | Reduced -177.9k |
| Andra AP-fonden 1.02% of their portfolio | 709.1k $62.3m | Added +29.2k |
| LORD, ABBETT & CO. LLC 0.22% of their portfolio | 704.4k $61.9m | Added +114.3k |
| AQR CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 696.0k $60.3m | Reduced -164.3k |
| Squarepoint Ops LLC 0.14% of their portfolio | 666.5k $58.5m | Added +76.9k |
| AXA S.A. 0.18% of their portfolio | 627.7k $55.1m | Reduced -81.7k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 580.7k $51.0m | Added +31.0k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.98% of their portfolio | 575.1k $50.5m | Added +28.5k |
| Swiss National Bank 0.04% of their portfolio | 573.4k $50.4m | Reduced -5.1k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 567.6k $49.9m | Added +10.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio | 562.2k $49.4m | Added +19.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 559.5k $49.1m | First filing |
| Freestone Grove Partners LP 0.50% of their portfolio | 552.2k $48.5m | New |
| LSV ASSET MANAGEMENT 0.12% of their portfolio | 551.9k $48.5m | Reduced -23.6k |
| Woodline Partners LP 0.31% of their portfolio | 534.4k $46.9m | Added +379.4k |
| Nuveen, LLC 0.01% of their portfolio | 524.8k $46.1m | First filing |
| Retirement Systems of Alabama 0.18% of their portfolio | 519.6k $45.6m | Added +230.1k |
| Mariner, LLC 0.08% of their portfolio | 519.1k $45.6m | Added +19.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 509.0k $44.7m | Reduced -8.4k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 501.3k $44.0m | Reduced -844.9k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 499.3k $43.9m | Added +31.2k |
| Boston Trust Walden Corp 0.32% of their portfolio | 498.5k $43.8m | Added +436.8k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 484.7k $42.6m | Reduced -119.2k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 483.6k $42.5m | Added +140.4k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 477.0k $41.9m | Reduced -198.0k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 465.2k $40.9m | Added +16.0k |
| SEIZERT CAPITAL PARTNERS, LLC 1.80% of their portfolio | 446.3k $39.2m | Reduced -307 |
| Connor, Clark & Lunn Investment Management Ltd. 0.17% of their portfolio | 442.7k $38.9m | Reduced -33.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.10% of their portfolio | 434.7k $38.2m | Reduced -56.9k |
| JUPITER ASSET MANAGEMENT LTD 0.36% of their portfolio | 428.0k $37.6m | Reduced -51.1k |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 425.7k $37.4m | Added +217.5k |
| GLENMEDE TRUST CO NA 0.20% of their portfolio | 421.1k $37.0m | Reduced -122.3k |
| FMR LLC 0.00% of their portfolio | 420.7k $37.0m | Added +129.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 419.6k $36.9m | Added +37.4k |
| TCW GROUP INC 0.32% of their portfolio | 410.5k $36.1m | Reduced -69.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 382.9k $33.6m | Added +354.1k |
| AustralianSuper Pty Ltd 0.19% of their portfolio | 381.0k $33.5m | Reduced -258.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 370.6k $32.6m | Added +11.1k |
| CANADA LIFE ASSURANCE Co 0.06% of their portfolio | 366.0k $32.2m | Added +82.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 359.6k $31.6m | Added +3.3k |
| DekaBank Deutsche Girozentrale 0.06% of their portfolio | 353.9k $30.6m | Reduced -3.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 342.2k $30.1m | Reduced -608.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 329.9k $28.5m | Added +80.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.06% of their portfolio | 326.3k $28.7m | Reduced -1.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 326.3k $28.7m | Reduced -3.0k |
| Unigestion Holding SA 1.67% of their portfolio | 323.3k $28.4m | Added +19.7k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 318.3k $28.0m | Added +67.9k |
| Railway Pension Investments Ltd 0.40% of their portfolio | 318.2k $28.0m | Reduced -2.5k |
| CITIGROUP INC 0.02% of their portfolio | 317.4k $27.9m | Added +82.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 311.5k $27.4m | Reduced -1.0m |
| PANAGORA ASSET MANAGEMENT INC 0.13% of their portfolio | 307.6k $27.0m | Reduced -667.7k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 297.3k $26.1m | Added +87.7k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 296.1k $26.0m | Reduced -45.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 292.6k $25.7m | Reduced -165.8k |
| APG Asset Management N.V. 0.07% of their portfolio | 290.2k $23.6m | Reduced -33.6k |
| LGT Group Foundation 0.35% of their portfolio | 287.1k $25.2m | Added +161.7k |
| ARIEL INVESTMENTS, LLC 0.29% of their portfolio | 284.4k $25.0m | Reduced -107.2k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.10% of their portfolio | 283.7k $24.9m | Reduced -374.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 282.2k $24.8m | Reduced -12.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 280.6k $24.6m | Added +11.4k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 279.9k $24.6m | Reduced -10.6k |