NetApp Shares Trimmed by Wedge Capital Management

Institutional investor reduces stake in data storage provider

Mar. 28, 2026 at 12:12pm

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Wedge Capital Management L L P NC, an institutional investor, trimmed its position in NetApp, Inc. (NASDAQ:NTAP) by 8.3% in the fourth quarter, according to a recent SEC filing. The firm now owns 540,220 shares of the data storage provider's stock, worth approximately $57.9 million.

Why it matters

NetApp is a major player in the data storage and management industry, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and prospects.

The details

Wedge Capital Management reduced its stake in NetApp by selling 48,805 shares during the fourth quarter. The firm now owns about 0.27% of NetApp's outstanding shares. Several other institutional investors and hedge funds have also recently adjusted their NetApp holdings, with some increasing and others decreasing their positions.

  • The filing covers the fourth quarter of 2025.

The players

Wedge Capital Management L L P NC

An institutional investor that manages a portfolio of stocks, including a position in NetApp.

NetApp, Inc.

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

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The takeaway

This filing provides insight into the shifting ownership landscape for NetApp, as one major institutional investor has reduced its stake in the company. Analysts and investors will be watching to see if this is part of a broader trend or an isolated move.