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M&T Bank Corp Increases Stock Position in NetApp, Inc. $NTAP
M&T Bank Corp significantly increased its stake in NetApp, Inc. by 529.2% in the fourth quarter, bringing its total holdings to 57,330 shares valued at approximately $6.14 million. Despite this, analysts largely maintain a “Hold” rating on NetApp, with an average price target of $120.75. NetApp reported modest earnings beats with an EPS of $2.12 against an expected $2.07 and revenue of $1.71 billion, also declaring a quarterly dividend of $0.52 per share.