Banco Bilbao Vizcaya Argentaria S.A. Reduces NetApp Stake

The Spanish bank decreased its holdings in the data storage provider by 41.5% in the third quarter.

Mar. 17, 2026 at 7:35am

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Banco Bilbao Vizcaya Argentaria S.A., a major Spanish bank, reduced its position in NetApp, Inc. (NASDAQ:NTAP) by 41.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The bank now holds 51,470 shares of the data storage provider's stock, valued at $6.08 million.

Why it matters

This move by a large institutional investor like Banco Bilbao Vizcaya Argentaria provides insight into the market's sentiment towards NetApp. As a major player in the data storage industry, NetApp's performance is closely watched by investors.

The details

In its 13F filing, Banco Bilbao Vizcaya Argentaria reported selling 36,486 shares of NetApp during the third quarter, reducing its total holdings to 51,470 shares. The bank's stake in NetApp was previously valued at $10.3 million.

  • Banco Bilbao Vizcaya Argentaria reduced its NetApp holdings in the third quarter of 2026.

The players

Banco Bilbao Vizcaya Argentaria S.A.

A major Spanish bank and financial services company.

NetApp, Inc.

An American data storage and management company headquartered in Sunnyvale, California.

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The takeaway

The reduction in Banco Bilbao Vizcaya Argentaria's NetApp holdings suggests the bank may have concerns about the data storage provider's future performance or market conditions. However, NetApp remains a significant player in the industry, and its long-term prospects will continue to be closely watched by investors.