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.

Data-storage company NetApp, under pressure from Elliott Management Corp. to boost shareholder value, said this week it's cutting jobs and returning cash through stock buybacks and dividends.

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 ...

SAN FRANCISCO - Apple Inc. and NetApp Inc. posted gains Wednesday, but most of the tech sector was weighed down by declining shares of Oracle Corp.

NetApp Inc. 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. (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 has advanced more than 9% year-to-date and is perched at $36.63, but there is still plenty of skepticism levied against the equity.

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.