NETGEAR, Inc. (NASDAQ:NTGR) CFO Sells $92,044.16 in Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) CFO Murray Bryan sold 3,848 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the sale, the chief financial officer now directly owns 193,032 shares in the company, valued at approximately $4,617,325.44. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NETGEAR Stock Down 1.0 %

Shares of NTGR stock traded down $0.25 during trading on Friday, hitting $23.95. The company had a trading volume of 80,762 shares, compared to its average volume of 300,095. The stock's 50-day moving average is $26.49 and its two-hundred day moving average is $24.09. The stock has a market capitalization of $691.27 million, a price-to-earnings ratio of 59.77 and a beta of 0.72. NETGEAR, Inc. has a 52 week low of $10.48 and a 52 week 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) 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%. On average, research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its holdings in shares of NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after purchasing an additional 741 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of NETGEAR in the fourth quarter worth approximately $72,000. R Squared Ltd bought a new position in shares of NETGEAR in the fourth quarter worth approximately $72,000. Summit Investment Advisors Inc. grew its holdings in shares of NETGEAR by 19.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock worth $81,000 after purchasing an additional 479 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of NETGEAR in the fourth quarter worth approximately $92,000. Institutional investors own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NTGR shares. StockNews.com downgraded shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Friday. Raymond James increased their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th.

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.