NETGEAR, Inc. (NASDAQ:NTGR) CEO Charles J. Prober Sells 10,929 Shares

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NETGEAR Price Performance

NASDAQ:NTGR traded down $0.19 during trading hours on Thursday, reaching $26.08. 90,753 shares of the stock were exchanged, compared to its average volume of 371,097. The firm has a 50 day moving average of $27.59 and a 200 day moving average of $23.20. The stock has a market cap of $752.82 million, a PE ratio of 65.05 and a beta of 0.83. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. Equities research analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of NETGEAR by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock worth $37,132,000 after purchasing an additional 44,752 shares in the last quarter. American Century Companies Inc. increased its stake in shares of NETGEAR by 31.6% during the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock worth $21,473,000 after purchasing an additional 184,863 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of NETGEAR by 126.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after purchasing an additional 376,974 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of NETGEAR by 22.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock valued at $14,123,000 after purchasing an additional 93,737 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in NETGEAR by 47.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock valued at $11,319,000 after purchasing an additional 131,243 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NTGR. 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 upgraded NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

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.