Connor Clark & Lunn Investment Management Ltd. Purchases 80,746 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Connor Clark & Lunn Investment Management Ltd. raised its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 124.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 145,413 shares of the communications equipment provider's stock after acquiring an additional 80,746 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.51% of NETGEAR worth $2,917,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in NETGEAR during the third quarter worth about $91,000. Empowered Funds LLC boosted its stake in NETGEAR by 23.2% in the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock valued at $2,848,000 after buying an additional 26,756 shares in the last quarter. Versor Investments LP bought a new stake in NETGEAR in the third quarter valued at $235,000. Los Angeles Capital Management LLC bought a new position in shares of NETGEAR during the third quarter valued at $1,805,000. Finally, Values First Advisors Inc. acquired a new stake in shares of NETGEAR in the 3rd quarter valued at $144,000. Institutional investors own 82.97% of the company's stock.

NETGEAR Stock Up 0.0 %

NTGR traded up $0.01 during trading on Monday, hitting $24.31. The company's stock had a trading volume of 449,585 shares, compared to its average volume of 267,715. The stock has a market capitalization of $699.40 million, a price-to-earnings ratio of 37.38 and a beta of 0.83. The firm's 50 day moving average price is $21.58 and its two-hundred day moving average price is $17.28. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $25.06.

Insider Activity at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the firm's 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 transaction, the director now owns 65,318 shares in the company, valued at $1,306,360. This trade represents a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.