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Charles Schwab Investment Management Inc. Sells 130,429 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

NETGEAR logo with Computer and Technology background

Charles Schwab Investment Management Inc. trimmed its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 508,397 shares of the communications equipment provider's stock after selling 130,429 shares during the period. Charles Schwab Investment Management Inc. owned about 1.77% of NETGEAR worth $10,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in NETGEAR during the 3rd quarter valued at about $91,000. Values First Advisors Inc. purchased a new position in shares of NETGEAR during the third quarter valued at approximately $144,000. Creative Planning bought a new position in shares of NETGEAR during the third quarter valued at approximately $235,000. Versor Investments LP bought a new position in shares of NETGEAR during the third quarter valued at approximately $235,000. Finally, Inspire Advisors LLC purchased a new stake in NETGEAR in the third quarter worth $387,000. 82.97% of the stock is owned by institutional investors.

NETGEAR Trading Up 3.6 %

NETGEAR stock traded up $0.86 during trading hours on Tuesday, hitting $25.03. 185,225 shares of the stock traded hands, compared to its average volume of 269,228. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $25.81. The firm's 50-day moving average price is $22.53 and its two-hundred day moving average price is $18.22. The company has a market cap of $720.11 million, a PE ratio of 37.18 and a beta of 0.86.

Analysts Set New Price Targets

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

Read Our Latest Analysis on NETGEAR

Insider Activity at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,500 shares of the stock in a transaction on 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 approximately $1,306,360. This represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

NETGEAR Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

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