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.

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.

Today at Citrix Synergy�, NetApp (NASDAQ: NTAP) announced new integrated solutions between its flagship NetApp� clustered Data ONTAP� software and Citrix� technologies for desktop and application virtualization, mobile collaboration, and cloud ...

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.

Seeing as NetApp Inc. (NASDAQ:NTAP) has witnessed bearish sentiment from the entirety of the hedge funds we track, it's easy to see that there lies a certain "tier" of money managers that slashed their entire stakes heading into Q2.

Today NetApp Inc. (NASDAQ:NTAP) caved under pressure from its activist shareholder and announced that it will fast track the $1 billion share buyback over the next four months.

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) 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.

Stocks that were active in U.S. trading on Wednesday include Merck & Co., Inc. (NYSE:MRK), NetApp Inc. (NASDAQ:NTAP), Saks Inc (NYSE:SKS), Sony Corporation (NYSE:SNE) (TYO:6758) and Ford Motor Company (NYSE:F).