Pitcairn Co. Reduces NetApp Stock Holdings

Investment firm trims position in data storage provider by over 60%

Published on Mar. 9, 2026

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Pitcairn Co., an investment management firm, reduced its position in NetApp, Inc. (NASDAQ:NTAP) by 63.5% during the third quarter, according to a recent SEC filing. The firm now owns 3,223 shares of the data storage provider's stock, down from 8,840 shares previously.

Why it matters

NetApp is a major player in the data storage and management industry, and changes in institutional ownership can signal shifts in investor sentiment around the company's performance and outlook. Pitcairn Co.'s reduced stake may indicate broader concerns about NetApp's prospects, though the reasons behind the move are not fully clear.

The details

According to the filing, Pitcairn Co. sold 5,617 shares of NetApp stock during the quarter, leaving it with a remaining position valued at $382,000. The investment firm's holdings now represent a much smaller portion of NetApp's overall shareholder base.

  • Pitcairn Co. reduced its NetApp position during the 3rd quarter of 2026.

The players

Pitcairn Co.

An investment management firm that has reduced its stake in data storage provider NetApp, Inc.

NetApp, Inc.

A data management and storage company that delivers hybrid cloud data services for applications and data.

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The takeaway

Pitcairn Co.'s decision to significantly trim its NetApp holdings could signal broader investor concerns about the data storage company's performance and outlook, though the specific reasons behind the move are not entirely clear from the available information.