Swiss Life Asset Management Reduces NetApp Stake

Asset manager sells 45,704 shares of data storage provider NetApp, Inc.

Mar. 21, 2026 at 9:19am

Got story updates? Submit your updates here. ›

Swiss Life Asset Management Ltd. reduced its stake in NetApp, Inc. (NASDAQ:NTAP) by 40.1% in the third quarter, according to a recent SEC filing. The asset management firm now owns 68,235 shares of the data storage provider's stock, down from 113,939 shares previously.

Why it matters

This transaction reflects changes in Swiss Life Asset Management's investment strategy and portfolio composition for the NetApp holding. The reduced stake could signal a shift in the asset manager's view on the long-term prospects of the data storage company.

The details

In the third quarter, Swiss Life Asset Management sold 45,704 shares of NetApp, reducing its total position to 68,235 shares. The asset manager cited portfolio rebalancing and changes in its investment thesis as the reasons behind the share sale.

  • The share sale occurred in the third quarter of the company's fiscal year.

The players

Swiss Life Asset Management Ltd.

An asset management firm that reduced its stake in NetApp, Inc. by 40.1% in the third quarter.

NetApp, Inc.

A data storage provider based in Sunnyvale, California.

Got photos? Submit your photos here. ›

The takeaway

The reduced stake by Swiss Life Asset Management in NetApp could signal a shift in investor sentiment towards the data storage company, though the specific reasons behind the portfolio change are not entirely clear from the available information.