SG Americas Securities LLC Reduces NetApp Stock Position

Institutional investor trims holdings in data storage provider NetApp, Inc.

Mar. 27, 2026 at 9:20am

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SG Americas Securities LLC, an institutional investor, has reduced its stock position in NetApp, Inc. (NASDAQ:NTAP) by 11.1% during the fourth quarter, according to a recent SEC filing. The firm now owns 277,612 shares of the data storage provider's stock, valued at approximately $29.7 million.

Why it matters

This filing provides insight into the investment decisions of SG Americas Securities, a major institutional investor. Changes in large investor positions can signal broader market trends and influence the stock price of companies like NetApp.

The details

According to the SEC filing, SG Americas Securities sold 34,581 shares of NetApp stock during the fourth quarter, reducing its total holdings to 277,612 shares. NetApp is a data storage and management company headquartered in Sunnyvale, California.

  • The filing covers changes in SG Americas Securities' holdings during the fourth quarter of the previous year.

The players

SG Americas Securities LLC

An institutional investor and subsidiary of Société Générale, a major French bank.

NetApp, Inc.

A data storage and management company based in Sunnyvale, California.

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The takeaway

This filing highlights the ongoing shifts in institutional investor positions, which can influence the stock price and performance of technology companies like NetApp. Investors will likely continue to monitor changes in ownership by major funds as an indicator of market sentiment.