NetApp (NAZZ:NTAP), a pioneer in data storage and management solutions, has been the subject of various company actions and market movements. While return on capital has slowed down, multiple investment firms have adjusted their stakes. Notably, 1832 Asset Management L.P., Advisors Asset Management Inc., and American International Group Inc. have all trimmed their holdings. Conversely, Bessemer Group Inc. and Capital International Inc. CA have up-stepped investment. Insider trading activity has shown CEO George Kurian and President Cesar Cernuda offloading portions of their shares. Yet, NetApp's recent fiscal performance exhibits solid results, matching Q4 earnings with estimates and showing strong growth in their Q3. The company has also made noticeable strides in enhancing their cloud platform. This includes a strategic partnership with
Google Cloud around data storage flexibility and yet a distinguished Google Cloud Technology Partner of the Year award for Infrastructure-Storage. Their AI-driven ransomware solution gained an AAA rating, signifying the company's innovative commitment. The stock performance has been commendable, surpassing market returns and booming 46% YTD with a potential rally incessantly considered. In collaboration with
NVIDIA, they continue to extend their position in AI applications.
Netapp NTAP News Analytics from Tue, 28 Nov 2023 08:00:00 GMT to Sun, 28 Jul 2024 17:47:44 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -1
