Invesco Ltd. Grows Position in NETGEAR, Inc. (NASDAQ:NTGR)

Invesco Ltd. grew its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,779 shares of the communications equipment provider's stock after purchasing an additional 14,777 shares during the quarter. Invesco Ltd. owned approximately 0.48% of NETGEAR worth $3,868,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NTGR. New York State Teachers Retirement System purchased a new position in NETGEAR in the fourth quarter valued at $72,000. R Squared Ltd acquired a new stake in shares of NETGEAR during the 4th quarter valued at about $72,000. Picton Mahoney Asset Management purchased a new position in shares of NETGEAR in the 4th quarter valued at about $92,000. AlphaQuest LLC acquired a new position in NETGEAR in the 4th quarter worth about $185,000. Finally, New York State Common Retirement Fund grew its holdings in NETGEAR by 49.3% in the fourth 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. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

NETGEAR Price Performance

NASDAQ NTGR opened at $24.76 on Monday. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55. The company has a market cap of $712.64 million, a PE ratio of 61.90 and a beta of 1.03. The stock's 50 day simple moving average is $23.69 and its 200-day simple moving average is $24.85.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced 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 net margin of 1.83% and a negative return on equity of 9.24%. On average, equities research analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NTGR. StockNews.com downgraded NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Raymond James increased their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the company 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.

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