Ieq Capital LLC Has $821,000 Position in NETGEAR, Inc. (NASDAQ:NTGR)

Ieq Capital LLC raised its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 73.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,443 shares of the communications equipment provider's stock after acquiring an additional 12,506 shares during the quarter. Ieq Capital LLC owned approximately 0.10% of NETGEAR worth $821,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of NETGEAR by 23.2% in the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock valued at $2,848,000 after purchasing an additional 26,756 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock valued at $2,221,000 after purchasing an additional 59,005 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of NETGEAR in the fourth quarter valued at approximately $852,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of NETGEAR in the fourth quarter valued at approximately $1,385,000. Finally, Savant Capital LLC acquired a new stake in shares of NETGEAR in the fourth quarter valued at approximately $266,000. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NTGR. Raymond James raised their price target on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a report on Friday, November 1st.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now directly owns 61,135 shares of the company's stock, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

NETGEAR Stock Up 1.5 %

NTGR stock traded up $0.38 during midday trading on Friday, reaching $26.30. The company's stock had a trading volume of 259,644 shares, compared to its average volume of 373,109. NETGEAR, Inc. has a 52 week low of $10.48 and a 52 week high of $31.55. The stock has a market cap of $759.25 million, a PE ratio of 65.75 and a beta of 0.83. The business's 50-day simple moving average is $27.54 and its 200-day simple moving average is $23.30.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. As a group, equities analysts forecast 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.