15,254 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC purchased a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,254 shares of the communications equipment provider's stock, valued at approximately $425,000. Integrated Quantitative Investments LLC owned about 0.05% of NETGEAR as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Quarry LP raised 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 acquiring an additional 741 shares during the period. Franklin Resources Inc. grew its holdings in NETGEAR by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock valued at $883,000 after buying an additional 2,166 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in NETGEAR by 49.3% in the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider's stock valued at $211,000 after purchasing an additional 2,500 shares during the period. New York State Teachers Retirement System purchased a new position in shares of NETGEAR during the 4th quarter valued at $72,000. Finally, R Squared Ltd bought a new position in shares of NETGEAR in the fourth quarter worth $72,000. Institutional investors own 82.97% of the company's stock.

Insiders Place Their Bets

In related news, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $23.92, for a total value of $92,044.16. Following the completion of the sale, the chief financial officer now owns 193,032 shares of the company's stock, valued at $4,617,325.44. The trade was a 1.95 % decrease in their ownership of the stock. The sale 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 firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

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Analyst Ratings Changes

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

NETGEAR Trading Down 3.5 %

NASDAQ NTGR traded down $0.80 on Thursday, hitting $22.27. The company's stock had a trading volume of 186,632 shares, compared to its average volume of 321,068. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The firm has a market cap of $643.00 million, a P/E ratio of 55.76 and a beta of 1.03. The company's 50-day simple moving average is $25.23 and its 200 day simple moving average is $24.61.

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 for the quarter, hitting 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 forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

About NETGEAR

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.