NetApp Inc. (NTAP): Are Hedge Funds Bullish On This Data Storage Stock Now?

Insider Monkey12-19

We recently compiled a list of the 10 Best Data Storage Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where NetApp Inc. (NASDAQ:NTAP) stands against the other...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492617352?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/p38iPV6l9Y5GJfD1_OxoeQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9434cad5c73855e875ecd134d50d3902","is_english":true,"pubTime":"2024-12-19 20:47","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492617352","market":"us","top_or_hot":-1,"title":"NetApp Inc. (NTAP): Are Hedge Funds Bullish On This Data Storage Stock Now?","media":"Insider Monkey","content":"<div>\n<p>We recently compiled a list of the 10 Best Data Storage Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where NetApp Inc. (NASDAQ:NTAP) stands against the other...</p>\n\n<a href=\"https://finance.yahoo.com/news/netapp-inc-ntap-hedge-funds-124748272.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NetApp Inc. (NTAP): Are Hedge Funds Bullish On This Data Storage Stock Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetApp Inc. (NTAP): Are Hedge Funds Bullish On This Data Storage Stock Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 20:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/netapp-inc-ntap-hedge-funds-124748272.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 10 Best Data Storage Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where NetApp Inc. (NASDAQ:NTAP) stands against the other...</p>\n\n<a href=\"https://finance.yahoo.com/news/netapp-inc-ntap-hedge-funds-124748272.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QLD","symbol_name":"纳指两倍做多ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/netapp-inc-ntap-hedge-funds-124748272.html","article_id":"2492617352","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/p38iPV6l9Y5GJfD1_OxoeQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/9434cad5c73855e875ecd134d50d3902"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492617352","pubTimestamp":1734612468,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 10 Best Data Storage Stocks To Buy According to Hedge Funds.In this article, we are going to take a look at where NetApp Inc.  stands against the other data storage stocks.We sifted through ETFs, online rankings, and internet lists to compile a list of the top data storage stocks. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the m","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QLD":"纳指两倍做多ETF","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","NVIW.SI":"NVDA 3xLongSG261006","USAW.SI":"AMZN 3xLongSG261006","TQQQ":"纳指三倍做多ETF","BK4588":"碎股","NTAP":"美国网存","SQQQ":"纳指三倍做空ETF","BK4170":"电脑硬件、储存设备及电脑周边","QID":"纳指两倍做空ETF","USJW.SI":"ALPHAB 3xLongSG261006",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","TSYW.SI":"TESLA 3xLongSG261006","PSQ":"纳指反向ETF"},"translate_title":"NetApp Inc.(NTAP)：对冲基金现在看好这只数据存储股票吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTAP":1,".IXIC":0.9,"PSQ":0.6,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"SQQQ":0.6,"QLD":0.6,"QID":0.6,"NVIW.SI":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"We recently compiled a list of the 10 Best Data Storage Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where NetApp Inc. (NASDAQ:NTAP) stands against the other data storage stocks.\nData storage involves systematically archiving digital information to ensure its availability and security for future use. This encompasses various methods, including direct attached storage, network attached storage, and cloud-based solutions. The rise of GenAI has significantly impacted the data storage landscape, necessitating new architectures to handle the growing volume and complexity of data generated. Innovations such as cloud storage, SSD technology, and emerging solutions like DNA data storage are shaping the future of data management.\nThe next-generation data storage market is projected to grow from $65.1 billion in 2024 to $90 billion by 2029, exhibiting a compound annual growth rate of 6.7%, according to MarketsandMarkets. This is attributed to the increasing demand for energy-efficient and compact storage solutions, the rising adoption of NVMe technology in enterprise systems, and the expanding use of 5G technology. North America held the largest share of the market in 2023, accounting for 43.4%, largely due to heightened demand from sectors such as banking, financial services, insurance (BFSI), and healthcare.\nHigh-speed storage solutions enable organizations to process large datasets quickly, which accelerates model training and enhances analytical effectiveness. Real-time data processing is another critical application of next-generation storage. By integrating AI with advanced storage systems, organizations can perform immediate analysis essential for sectors like finance, where fraud detection and predictive maintenance are paramount. Storage Area Networks (SANs) optimize throughput and minimize latency, making them ideal for mission-critical applications.\nAI-driven technologies can detect anomalies and potential threats in real-time, providing essential protection against cyber threats as data breaches become more common. Next-generation storage systems also support the growing Internet of Things (IoT) by efficiently managing the vast amounts of data generated by connected devices. Many of these systems also integrate seamlessly with cloud services, allowing businesses to leverage scalable storage options while utilizing AI for improved performance.\nAs the market adapts to these opportunities, we are here to help you find the 10 best data storage stocks to buy according to hedge funds.\nMethodology\nWe sifted through ETFs, online rankings, and internet lists to compile a list of the top data storage stocks. We then selected the 10 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 900 elite money managers.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A multi-monitor workstation displaying data-centric services. \nNetApp Inc. (NASDAQ:NTAP)\nNumber of Hedge Fund Holders: 38\nNetApp Inc. (NASDAQ:NTAP) provides data management solutions that help organizations modernize their data infrastructures across hybrid and public cloud environments. It offers a portfolio of data storage systems, software, and services, that enable customers to manage, protect, and analyze their data effectively.\nIt delivered strong FQ2 2025 results, with revenue growing 6% year-over-year, driven by a 19% increase in all-flash storage and strong performance in first-party and marketplace cloud storage services. This was driven by an increasing momentum of its AI initiatives. In Q2, the company witnessed a significant surge in AI and data-lake modernization wins, with traction in sectors like the public sector, manufacturing, financial services, and healthcare.\nBy leveraging its intelligent data infrastructure platform, NetApp Inc. (NASDAQ:NTAP) helps customers overcome data silos and prepare their data for AI applications. It's also deepening its partnerships with key industry leaders, such as NVIDIA, Domino Data Labs, and Google Cloud, to deliver cutting-edge AI solutions, which enables it to offer customers a comprehensive and integrated AI experience.\nArtisan Mid Cap Value Fund stated the following regarding NetApp, Inc. (NASDAQ:NTAP) in its Q3 2024 investor letter:\n\n“With regard to sales, we exited NetApp, Inc. (NASDAQ:NTAP), an enterprise data storage and solutions company. Shares had moved into the higher end of our range of fair value on strong earnings results and enthusiasm about the long-term growth potential from artificial intelligence for the company’s storage solutions.”\n\nOverall NTAP ranks 5th on our list of the best data storage stocks to buy according to hedge funds. While we acknowledge the potential of NTAP as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NTAP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492617352"}