Donald Smith & CO. Inc. Has $30,000 Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Donald Smith & CO. Inc. decreased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 99.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,070 shares of the communications equipment provider's stock after selling 305,739 shares during the period. Donald Smith & CO. Inc.'s holdings in NETGEAR were worth $30,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P bought a new stake in shares of NETGEAR during the third quarter worth approximately $536,000. Verition Fund Management LLC acquired a new stake in NETGEAR during the 3rd quarter worth approximately $348,000. Point72 Asset Management L.P. acquired a new stake in NETGEAR during the 3rd quarter worth approximately $255,000. Quarry LP boosted its stake in NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock valued at $37,000 after purchasing an additional 741 shares during the period. Finally, Tenzing Global Management LLC acquired a new position in NETGEAR in the 3rd quarter valued at $3,510,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Raymond James lifted their target price on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Remove Ads

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $23.92, for a total value of $92,044.16. Following the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. The trade was a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the transaction, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

NETGEAR Price Performance

NASDAQ:NTGR traded down $0.08 during trading hours on Tuesday, reaching $20.47. 106,041 shares of the company were exchanged, compared to its average volume of 316,572. The business has a 50 day moving average of $25.67 and a 200 day moving average of $24.63. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55. The company has a market capitalization of $590.95 million, a P/E ratio of 51.18 and a beta of 1.03.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, hitting 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 research analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

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.