SCHEDULE: Vanguard Discloses 6.44% Stake in NetApp

Vanguard Portfolio Management has reported beneficial ownership of 12,718,223 shares, representing 6.44% of NetApp Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Portfolio Management, along with its affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, has disclosed beneficial ownership of 12,718,223 shares of NetApp Inc. common stock.
• This holding represents 6.44% of the total class of securities.
• The filing indicates sole dispositive power over 12,718,223 shares and sole voting power over 65,878 shares.
• The reporting date for this event is March 31, 2026.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of NetApp Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It is a routine disclosure of institutional ownership and does not provide new operational or financial information about NetApp Inc. itself, thus having no immediate positive or negative sentiment impact.

Positives

• Vanguard, a significant institutional investor, holds a substantial stake in NetApp, indicating confidence in the company's long-term prospects.
• The filing confirms that Vanguard manages these shares in the ordinary course of business, suggesting stable, long-term investment rather than activist intent.

Negatives

• The filing does not contain any negative financial results or operational issues for NetApp Inc.

Risks

• While not explicitly stated as risks in this filing, significant institutional ownership can sometimes lead to increased scrutiny or pressure on management regarding strategic decisions or performance.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from NetApp Inc.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Vanguard Portfolio Management indicates a significant institutional holding in NetApp Inc., a company operating in the cloud data services and data storage solutions sector. Such filings are common for large asset managers and reflect their investment positions, often signaling stability or long-term interest in the company's performance within the competitive cloud infrastructure market.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's stake, which can be viewed positively as a sign of confidence, but does not directly alter current share value or dividends.
• Management: Vanguard's substantial holding means management will be accountable to a large institutional investor, potentially influencing strategic decisions.
• Creditors: No direct impact is indicated.

Next Steps

• Vanguard will continue to hold or manage its stake in NetApp Inc. according to its investment strategies.
• NetApp Inc. will continue its operations in the cloud data services and data storage sector.

Key Dates

Keywords

NetApp Inc, Vanguard Portfolio Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Shareholder, Investment