NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Algert Global LLC

Algert Global LLC reduced its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 35.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 109,685 shares of the communications equipment provider's stock after selling 60,180 shares during the quarter. Algert Global LLC owned about 0.38% of NETGEAR worth $2,200,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Brandes Investment Partners LP increased its holdings in shares of NETGEAR by 6.8% in the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock valued at $59,246,000 after purchasing an additional 247,162 shares during the period. American Century Companies Inc. raised its position in NETGEAR by 137.3% during the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider's stock worth $5,415,000 after buying an additional 204,734 shares during the last quarter. Vanguard Group Inc. lifted its stake in NETGEAR by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider's stock valued at $39,642,000 after acquiring an additional 105,994 shares during the period. Los Angeles Capital Management LLC acquired a new stake in NETGEAR during the 3rd quarter valued at approximately $1,805,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider's stock valued at $2,917,000 after acquiring an additional 80,746 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

NETGEAR Stock Down 4.1 %

Shares of NTGR traded down $1.03 during mid-day trading on Wednesday, reaching $24.04. The company had a trading volume of 345,805 shares, compared to its average volume of 268,692. The stock has a 50 day moving average of $21.80 and a two-hundred day moving average of $17.50. The stock has a market capitalization of $691.63 million, a P/E ratio of 36.98 and a beta of 0.83. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $25.39.

Insiders Place Their Bets

In related news, Director Thomas H. Waechter sold 2,500 shares of NETGEAR stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 65,318 shares in the company, valued at $1,306,360. The trade was a 3.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.00% of the company's stock.

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.