SCHEDULE: PRIMECAP Management Adjusts NetApp Stake

PRIMECAP Management Co. reports a 4.82% beneficial ownership in NetApp, Inc. common stock as of September 30, 2025.

Summary

• PRIMECAP Management Co./CA/ has filed an Amendment No. 11 to Schedule 13G regarding its beneficial ownership in NetApp, Inc. (CUSIP: 64110D104).
• As of September 30, 2025, PRIMECAP Management Co./CA/ beneficially owns 9,630,055 shares of NetApp, Inc. common stock.
• This ownership represents 4.82% of the class of securities.
• PRIMECAP Management Co./CA/ holds sole voting power over 9,591,655 shares.
• PRIMECAP Management Co./CA/ holds sole dispositive power over 9,630,055 shares.
• The reporting person is classified as an Investment Adviser (IA).
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This filing is a routine disclosure of institutional ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance from NetApp, Inc. or PRIMECAP Management Co. regarding NetApp's future performance.

Industry Context

This filing is a routine disclosure by an institutional investment adviser, PRIMECAP Management Co., detailing its passive ownership stake in NetApp, Inc. Such filings provide transparency into significant institutional holdings, which can be a factor for other investors assessing a company's attractiveness. The 4.82% stake indicates a notable, but non-controlling, position by a major investment firm.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional investor's position in NetApp, Inc. common stock.

Key Dates

Keywords

NetApp, NTAP, PRIMECAP Management, Schedule 13G, Institutional Ownership, Common Stock, Investment Adviser