Amundi Invests $653,000 in NETGEAR, Inc. (NASDAQ:NTGR)

Amundi acquired a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 24,218 shares of the communications equipment provider's stock, valued at approximately $653,000. Amundi owned 0.08% of NETGEAR as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its stake in shares of NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after buying an additional 741 shares during the period. R Squared Ltd bought a new position in shares of NETGEAR in the fourth quarter worth about $72,000. New York State Teachers Retirement System bought a new position in shares of NETGEAR in the fourth quarter worth about $72,000. Meeder Asset Management Inc. bought a new position in shares of NETGEAR in the third quarter worth about $91,000. Finally, New York State Common Retirement Fund raised its stake in NETGEAR by 49.3% during the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider's stock valued at $211,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NTGR shares. Raymond James lifted their target price on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. StockNews.com downgraded NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday.

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NETGEAR Trading Down 2.3 %

NTGR traded down $0.56 on Friday, hitting $23.63. 435,857 shares of the company's stock traded hands, compared to its average volume of 302,159. The firm has a market cap of $682.17 million, a price-to-earnings ratio of 59.08 and a beta of 0.72. The company's 50 day simple moving average is $26.44 and its 200-day simple moving average is $24.20. 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 results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. As a group, equities analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value 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 approximately $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

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.