Bailard Inc. Purchases Shares of 13,000 NETGEAR, Inc. (NASDAQ:NTGR)

Bailard Inc. purchased a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,000 shares of the communications equipment provider's stock, valued at approximately $362,000.

A number of other large investors have also recently made changes to their positions in the company. Tenzing Global Management LLC bought a new stake in shares of NETGEAR during the third quarter valued at approximately $3,510,000. Empowered Funds LLC grew its position in NETGEAR by 5.1% during the 4th quarter. Empowered Funds LLC now owns 149,219 shares of the communications equipment provider's stock worth $4,159,000 after purchasing an additional 7,243 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in NETGEAR by 124.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider's stock worth $2,917,000 after acquiring an additional 80,746 shares during the period. Los Angeles Capital Management LLC purchased a new stake in NETGEAR in the third quarter valued at approximately $1,805,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock worth $2,221,000 after acquiring an additional 59,005 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now owns 61,135 shares in the company, valued at $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the transaction, the chief executive officer now owns 507,763 shares of the company's stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NTGR has been the topic of a number of analyst reports. Raymond James raised their target price on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. StockNews.com cut NETGEAR from a "buy" rating to a "hold" rating in a report on Monday.

NETGEAR Trading Up 0.1 %

Shares of NTGR stock traded up $0.03 on Wednesday, reaching $24.80. 386,324 shares of the stock were exchanged, compared to its average volume of 376,341. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The business's 50 day moving average price is $27.42 and its 200 day moving average price is $23.54. The company has a market capitalization of $715.95 million, a price-to-earnings ratio of 62.00 and a beta of 0.83.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. Equities research analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.