NetApp: Big Funds Supporting Shares in Quarterly Release

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of NetApp, Inc. (NASDAQ:NTAP).

SEC data indicate that these institutions significantly increased their stock shares of NetApp, Inc. in Q3 2011:

CAPITAL RESEARCH GLOBAL INVESTORS: On 06/30/2011, held 0 shares. On 09/30/2011, held 5,840,800 shares, worth $198,178,344.

CRAMER ROSENTHAL MCGLYNN LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 4,784,090 shares, worth $162,324,174.

RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 4,352,639 shares, worth $147,685,041.

FIR TREE INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 3,372,300 shares, worth $114,422,139.

MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,245,327 shares, worth $42,253,945.

About the company: NetApp, Inc. provides storage and data management solutions. The Company’s storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.

Competitors to Watch: EMC Corporation (NYSE:EMC), Dot Hill Systems Corp. (NASDAQ:HILL), Overland Storage, Inc. (NASDAQ:OVRL), Quantum Corporation (NYSE:QTM), ADPT Corporation (ADPT), Xyratex Ltd. (NASDAQ:XRTX), Seagate Technology PLC (NASDAQ:STX), Western Digital Corp. (NYSE:WDC), Brocade Communications Systems, Inc. (NASDAQ:BRCD), and Intl. Business Machines Corp. (NYSE:IBM).

(Note: Data regarding NetApp, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com