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 ($131.1m this quarter). Holder counts are more reliable. Shares outstanding: 199.6m as of 2025-08-22, 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 ≈ $118.44. Options: 27 managers hold calls ($207.9m notional), 26 hold puts ($140.9m).
Trends to Q3 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 |
| Q2 2025 | 847 |
| Q3 2025 | 879 |
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 2023 | 359 | 303 |
| Q1 2024 | 390 | 330 |
| Q2 2024 | 456 | 328 |
| Q3 2024 | 419 | 390 |
| Q4 2024 | 423 | 366 |
| Q1 2025 | 389 | 455 |
| Q2 2025 | 457 | 382 |
| Q3 2025 | 414 | 382 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $292.1m | $223.6m | 0.77 |
| Q1 2025 | $164.0m | $161.0m | 0.98 |
| Q2 2025 | $193.4m | $134.9m | 0.70 |
| Q3 2025 | $207.9m | $140.9m | 0.68 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +5.8m |
| LYRICAL ASSET MANAGEMENT LP | New | +2.8m |
| Pacer Advisors, Inc. | Added | +907.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +886.5k |
| AQR CAPITAL MANAGEMENT LLC | Added | +771.8k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +718.4k |
| CITIGROUP INC | Added | +634.1k |
| Boston Partners | Added | +370.4k |
| TCW GROUP INC | Added | +317.4k |
| TWO SIGMA INVESTMENTS, LP | New | +313.2k |
Biggest sellers
| PRIMECAP MANAGEMENT CO/CA/ | Reduced | -1.5m |
| Squarepoint Ops LLC | Reduced | -989.2k |
| Amundi | Reduced | -950.4k |
| BlackRock, Inc. | Reduced | -782.0k |
| AMERIPRISE FINANCIAL INC | Reduced | -740.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -695.0k |
| Alyeska Investment Group, L.P. | Sold out | -656.1k |
| VANGUARD GROUP INC | Reduced | -529.6k |
| ROYAL BANK OF CANADA | Reduced | -483.3k |
| KBC Group NV | Reduced | -431.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $48.7m410.9k shares |
| CITADEL ADVISORS LLC | Reduced | $29.7m250.9k shares |
| Twin Tree Management, LP | Added | $25.4m214.2k shares |
| PEAK6 LLC | Added | $17.0m143.6k shares |
| IMC-Chicago, LLC | Added | $12.8m107.8k shares |
| Walleye Trading LLC | Added | $12.6m106.3k shares |
| JANE STREET GROUP, LLC | Added | $8.6m72.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $8.2m69.3k shares |
| JPMORGAN CHASE & CO | Added | $7.1m60.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.6m55.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.3m196.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $22.9m1.9k shares |
| Walleye Trading LLC | Added | $13.3m112.2k shares |
| Point72 Asset Management, L.P. | Added | $12.1m102.3k shares |
| CITADEL ADVISORS LLC | Added | $11.5m97.3k shares |
| JPMORGAN CHASE & CO | Added | $7.1m60.0k shares |
| Walleye Capital LLC | Reduced | $7.1m60.0k shares |
| Squarepoint Ops LLC | Reduced | $5.4m45.2k shares |
| JANE STREET GROUP, LLC | Added | $4.8m40.3k shares |
| IMC-Chicago, LLC | Reduced | $4.5m37.6k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2025 | 0 | — | 3 | $2.6m | $2.6m |
| Q3 2025 | 0 | — | 3 | $3.4m | $2.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-25 | De Lorenzo Daniel VP, Controller & CAO | Sold plan | $94.9k779 shares |
| 2025-09-17 | Kurian George CEO, director | Sold | $1.1m8.8k shares |
| 2025-09-10 | O'Callahan Elizabeth M EVP, Chief Admin. Officer | Sold plan | $123.7k1.0k shares |
| 2025-08-18 | Kurian George CEO, director | Sold plan | $925.2k8.5k shares |
| 2025-08-11 | O'Callahan Elizabeth M EVP, Chief Admin. Officer | Sold plan | $105.9k1.0k shares |
| 2025-07-21 | Kurian George CEO, director | Sold plan | $918.7k8.5k shares |
| 2025-07-10 | O'Callahan Elizabeth M EVP, Chief Admin. Officer | Sold plan | $106.8k1.0k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.05% of their portfolio | 27.2m $3.2bn | Reduced -529.6k |
| BlackRock, Inc. 0.04% of their portfolio | 21.2m $2.5bn | Reduced -782.0k |
| STATE STREET CORP 0.04% of their portfolio | 10.1m $1.2bn | Reduced -336.0k |
| PRIMECAP MANAGEMENT CO/CA/ 0.87% of their portfolio | 9.6m $1.1bn | Reduced -1.5m |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 8.1m $956.9m | Added +5.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 6.4m $759.4m | Reduced -695.0k |
| AMERIPRISE FINANCIAL INC 0.17% of their portfolio | 6.2m $729.3m | Reduced -740.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 4.9m $582.3m | Added +718.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.09% of their portfolio | 3.5m $416.6m | Reduced -258.7k |
| Beutel, Goodman & Co Ltd. 2.51% of their portfolio | 3.5m $415.9m | Reduced -33.3k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 3.3m $394.6m | Added +66.2k |
| Boston Partners 0.40% of their portfolio | 3.3m $393.0m | Added +370.4k |
| Invesco Ltd. 0.06% of their portfolio | 3.0m $357.2m | Reduced -255.5k |
| MORGAN STANLEY 0.02% of their portfolio | 2.9m $348.0m | Added +86.9k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 2.9m $343.9m | Added +29.9k |
| LYRICAL ASSET MANAGEMENT LP 4.62% of their portfolio | 2.8m $327.6m | New |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.1m $247.8m | Added +13.2k |
| Legal & General Group Plc 0.05% of their portfolio | 2.0m $236.9m | Added +4.9k |
| AQR CAPITAL MANAGEMENT LLC 0.14% of their portfolio | 1.8m $219.1m | Added +771.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.14% of their portfolio | 1.8m $216.0m | Added +886.5k |
| Pacer Advisors, Inc. 0.54% of their portfolio | 1.8m $211.2m | Added +907.2k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 1.7m $204.2m | Added +179.4k |
| Epoch Investment Partners, Inc. 1.11% of their portfolio | 1.7m $202.5m | Reduced -101.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.6m $193.3m | Reduced -149.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.6m $192.3m | Reduced -30.3k |
| TD Asset Management Inc 0.15% of their portfolio | 1.6m $188.9m | Reduced -224.6k |
| ROYAL BANK OF CANADA 0.03% of their portfolio | 1.5m $180.1m | Reduced -483.3k |
| Amundi 0.05% of their portfolio | 1.4m $169.8m | Reduced -950.4k |
| FIRST TRUST ADVISORS LP 0.12% of their portfolio | 1.4m $163.3m | Reduced -202.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.3m $154.2m | Reduced -1.5k |
| UBS Group AG 0.03% of their portfolio | 1.3m $153.3m | Reduced -63.4k |
| Allianz Asset Management GmbH 0.14% of their portfolio | 979.9k $116.1m | Reduced -300.5k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 977.3k $115.8m | Reduced -13.0k |
| CITIGROUP INC 0.08% of their portfolio | 927.5k $109.9m | Added +634.1k |
| Skandinaviska Enskilda Banken AB (publ) 0.41% of their portfolio | 868.4k $102.9m | Added +7.2k |
| Andra AP-fonden 1.28% of their portfolio | 844.7k $100.1m | Added +55.5k |
| FMR LLC 0.00% of their portfolio | 785.0k $93.0m | Added +194.1k |
| Retirement Systems of Alabama 0.31% of their portfolio | 783.6k $92.8m | Added +83.5k |
| EDMOND DE ROTHSCHILD HOLDING S.A. 1.43% of their portfolio | 780.8k $92.5m | Reduced -172.0k |
| LORD, ABBETT & CO. LLC 0.27% of their portfolio | 764.6k $90.6m | Added +7.4k |
| FEDERATED HERMES, INC. 0.15% of their portfolio | 705.4k $83.6m | Reduced -188.5k |
| TCW GROUP INC 0.65% of their portfolio | 650.8k $77.1m | Added +317.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.30% of their portfolio | 636.1k $75.3m | Added +255.3k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 635.0k $75.1m | Reduced -145.5k |
| California Public Employees Retirement System 0.04% of their portfolio | 610.7k $72.3m | Added +248.4k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 1.18% of their portfolio | 589.0k $69.8m | Reduced -6.7k |
| Swiss National Bank 0.04% of their portfolio | 577.5k $68.4m | Reduced -47.3k |
| BARCLAYS PLC 0.02% of their portfolio | 571.5k $67.7m | Reduced -57.6k |
| Mariner, LLC 0.09% of their portfolio | 570.4k $67.6m | Added +25.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 557.7k $66.1m | Reduced -16.8k |
| Nuveen, LLC 0.02% of their portfolio | 527.8k $62.5m | Reduced -14.7k |
| Glenmede Investment Management, LP 0.30% of their portfolio | 525.8k $62.3m | Added +291.9k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 523.9k $62.1m | Added +186.4k |
| LSV ASSET MANAGEMENT 0.13% of their portfolio | 516.0k $61.1m | Reduced -22.5k |
| SEIZERT CAPITAL PARTNERS, LLC 2.61% of their portfolio | 508.2k $60.2m | Reduced -13.3k |
| Boston Trust Walden Corp 0.43% of their portfolio | 499.1k $59.1m | Reduced -41.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 481.7k $57.1m | Added +143.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.18% of their portfolio | 475.8k $56.4m | Reduced -356.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 472.1k $55.9m | Reduced -31.7k |
| Clark Capital Management Group, Inc. 0.34% of their portfolio | 464.9k $55.1m | Added +8.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.04% of their portfolio | 460.4k $54.5m | Reduced -44.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 457.2k $54.2m | Reduced -10.4k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 457.0k $54.1m | Added +5.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 448.1k $53.1m | Reduced -112.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 432.8k $51.3m | Added +20.1k |
| Gotham Asset Management, LLC 0.21% of their portfolio | 415.0k $49.2m | Added +89.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 411.2k $48.7m | Added +9.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 409.5k $48.5m | Added +52.5k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 379.4k $44.9m | Added +257.4k |
| DANSKE BANK A/S 0.11% of their portfolio | 361.4k $42.8m | Added +29.6k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 357.4k $41.8m | Unchanged |
| Railway Pension Investments Ltd 0.55% of their portfolio | 344.9k $40.9m | Added +20.0k |
| ARIEL INVESTMENTS, LLC 0.44% of their portfolio | 343.4k $40.7m | Reduced -1.3k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 340.2k $40.3m | Reduced -7.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 335.2k $39.7m | Added +34.5k |
| MACQUARIE GROUP LTD 0.05% of their portfolio | 327.5k $38.8m | Reduced -69.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 322.9k $38.1m | Reduced -13.4k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.16% of their portfolio | 322.3k $38.2m | Added +132.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 322.2k $38.2m | Reduced -19.3k |
| Bridgewater Associates, LP 0.15% of their portfolio | 318.2k $37.7m | Added +10.1k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 313.2k $37.1m | New |
| SG Americas Securities, LLC 0.14% of their portfolio | 312.2k $37.0m | Added +19.4k |
| BI Asset Management Fondsmaeglerselskab A/S 0.32% of their portfolio | 298.9k $35.4m | Added +48.4k |
| AustralianSuper Pty Ltd 0.16% of their portfolio | 293.4k $34.8m | Reduced -66.8k |
| APG Asset Management N.V. 0.08% of their portfolio | 289.6k $29.2m | Reduced -5.9k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 287.2k $34.0m | Added +78.3k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 281.4k $33.3m | Reduced -56.6k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 281.2k $33.3m | Added +23.8k |
| SHELTON CAPITAL MANAGEMENT 0.71% of their portfolio | 278.5k $33.0m | Added +39.9k |
| AXA Investment Managers S.A. 0.09% of their portfolio | 274.8k $32.6m | First filing |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.21% of their portfolio | 274.4k $32.5m | Unchanged |
| Moran Wealth Management, LLC 0.97% of their portfolio | 271.7k $32.2m | Reduced -11.1k |
| Vinva Investment Management Ltd 0.62% of their portfolio | 266.6k $31.9m | Added +109.6k |
| KBC Group NV 0.08% of their portfolio | 265.9k $31.5m | Reduced -431.5k |
| TWO SIGMA ADVISERS, LP 0.06% of their portfolio | 262.8k $31.1m | Added +146.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 261.0k $30.9m | Reduced -180.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 260.9k $30.9m | Reduced -4.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 252.6k $29.9m | Reduced -12.4k |
| Susquehanna Portfolio Strategies, LLC 0.44% of their portfolio | 236.7k $28.0m | Added +116.7k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 235.2k $27.9m | Reduced -118.8k |