Fresh off activist wins at Hess and BMC Software, billionaire hedge fund activist Paul Singer is now taking aim at NetApp Inc. (NASDAQ:NTAP). Paul Singer's Elliot Management recently reported a stake of just under 5% in its latest 13F filing with the SEC.
According to our comprehensive database, Matthew Hulsizer's PEAK6 Capital Management had the largest position in NetApp Inc. (NASDAQ:NTAP), worth close to $1.3664 billion, accounting for 7.5% of its total 13F portfolio. The second largest stake is held ...
NetApp Inc. (NTAP, $38.51, +$1.88, +5.13%) on Tuesday launched a dividend and promised to raise payouts to shareholders through stock buybacks, calming investors as a weak information-technology market threatens its earnings.
NetApp Inc. (NASDAQ: NTAP) gained 3.63 percent in premarket after the provider of networked storage services posted better-than-expected quarterly earnings and the company raised its stock buyback plan by an additional $1.6 billion.
NetApp Inc. (NASDAQ: NTAP): By the end of last trading session, NetApp (NASDAQ: NTAP) lost US$0.39 (or 1.05%) to US$36.89 with about 11.28 million shares exchanged hands for the session, compared to its average volume of 10.95 million shares.
(Reuters) - Data storage equipment maker NetApp Inc (NTAP.O), under pressure from activist shareholder Elliott Management, said it would spend about $1 billion in the next four months to buy back shares.