Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s (dated 3-31-2019). This week we’ll take a look at:
NetApp Inc. (NASDAQ: NTAP)
NetApp is a leading provider of enterprise data management and storage solutions. The company’s three operating business units are products, software maintenance, and hardware maintenance. NetApp transitioned from a data center storage firm to a company with software data management solutions for multicloud environments. The California-headquartered company sells globally and has approximately 10,000 employees.
A quick look at the price chart below for NetApp shows us that the stock is down 43% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.66 which means that it remains undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in NetApp include:
Jim Simons – 6,835,540 total shares
Cliff Asness – 1,585,919 total shares
Joel Greenblatt – 307,085 total shares
Ray Dalio – 229,338 total shares
Ken Griffin – 20,856 total shares
Paul Tudor Jones – 6,078 total shares
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