Should You Sell NetApp Inc. (NTAP) After It Can’t Sell Itself?

Details of Hedge Funds’ Activity for NetApp Inc. (NASDAQ:NTAP)

Of the funds tracked by Insider Monkey, AQR Capital Management, managed by Cliff Asness, has the largest stake in the company, worth $90 million, which makes it around 0.2% of its 13F portfolio. Joel Greenblatt’s Gotham Asset Management has the second-largest stake in Netapp, worth $59.2 million, which is 0.5% of its 13F portfolio. David Harding‘s Winton Capital Management, Clint Carlson’s Carlson Capital, and Israel Englander‘s Millennium Management are some of the noticeable hedge funds having stakes in the company.

With its stock trading at a near 52-week low, muted hedge fund sentiment, greatly struggling results, and bleak hope of getting M&A bids in the near future, we recommend selling NetApp at this time.

Disclosure: None