BNP Paribas Financial Markets Sells 40,686 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

BNP Paribas Financial Markets decreased its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 84.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,744 shares of the communications equipment provider's stock after selling 40,686 shares during the period. BNP Paribas Financial Markets' holdings in NETGEAR were worth $155,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NTGR. Renaissance Technologies LLC raised its holdings in NETGEAR by 10.6% in the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider's stock worth $4,024,000 after purchasing an additional 25,200 shares during the period. Federated Hermes Inc. increased its position in shares of NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock valued at $1,957,000 after buying an additional 71,054 shares in the last quarter. Brandes Investment Partners LP raised its stake in NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock worth $59,246,000 after buying an additional 247,162 shares during the period. Empowered Funds LLC lifted its holdings in NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock worth $2,848,000 after acquiring an additional 26,756 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in NETGEAR in the third quarter valued at about $1,805,000. Institutional investors and hedge funds own 82.97% of the company's stock.

NETGEAR Trading Down 0.5 %

Shares of NASDAQ NTGR opened at $25.68 on Wednesday. The company has a fifty day moving average price of $23.22 and a 200 day moving average price of $18.72. The firm has a market cap of $738.81 million, a PE ratio of 39.51 and a beta of 0.86. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $26.07.

Analysts Set New Price Targets

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

NETGEAR 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.