Commonwealth Equity Services LLC Invests $731,000 in NETGEAR, Inc. (NASDAQ:NTGR)

Commonwealth Equity Services LLC acquired a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,239 shares of the communications equipment provider's stock, valued at approximately $731,000. Commonwealth Equity Services LLC owned about 0.09% of NETGEAR at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tenzing Global Management LLC bought a new position in shares of NETGEAR in the 3rd quarter valued at about $3,510,000. Robeco Institutional Asset Management B.V. lifted its holdings in 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 valued at $2,221,000 after buying an additional 59,005 shares during the period. Allspring Global Investments Holdings LLC bought a new position in NETGEAR in the fourth quarter valued at approximately $1,385,000. Jennison Associates LLC acquired a new stake in NETGEAR during the 4th quarter worth $939,000. Finally, Inspire Investing LLC acquired a new stake in NETGEAR during the 4th quarter worth $852,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Transactions at NETGEAR

In other news, CEO Charles J. Prober sold 10,929 shares of the 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 sale, the chief executive officer now owns 507,763 shares of the company's stock, valued at $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Murray Bryan sold 3,848 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the sale, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

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Analyst Ratings Changes

Several research firms have recently issued reports on NTGR. Raymond James raised their price target on NETGEAR from $22.00 to $29.00 and gave the stock 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 Friday, March 21st.

NETGEAR Stock Performance

NASDAQ:NTGR traded down $1.42 during trading hours on Friday, hitting $19.97. The stock had a trading volume of 618,745 shares, compared to its average volume of 315,987. The business's 50 day moving average is $25.93 and its 200-day moving average is $24.59. The company has a market cap of $576.51 million, a price-to-earnings ratio of 49.93 and a beta of 1.03. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting analysts' consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. On average, sell-side analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

NETGEAR Company Profile

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.