Jacobs Levy Equity Management Inc. Trims Position in NETGEAR, Inc. (NASDAQ:NTGR)

Jacobs Levy Equity Management Inc. decreased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 10.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,019 shares of the communications equipment provider's stock after selling 49,784 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.44% of NETGEAR worth $8,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in NETGEAR by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,779 shares of the communications equipment provider's stock worth $596,000 after acquiring an additional 1,247 shares in the last quarter. Rhumbline Advisers grew its holdings in NETGEAR by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider's stock worth $721,000 after acquiring an additional 1,904 shares in the last quarter. Meeder Asset Management Inc. bought a new position in NETGEAR during the 3rd quarter worth about $91,000. Values First Advisors Inc. bought a new position in NETGEAR during the 3rd quarter worth about $144,000. Finally, Bank of New York Mellon Corp grew its holdings in NETGEAR by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider's stock worth $1,888,000 after acquiring an additional 8,050 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.

NETGEAR Price Performance

Shares of NTGR stock traded down $0.65 during mid-day trading on Friday, hitting $24.71. 188,775 shares of the stock traded hands, compared to its average volume of 269,570. The stock has a market cap of $710.91 million, a P/E ratio of 39.02 and a beta of 0.86. The stock's fifty day moving average is $22.35 and its two-hundred day moving average is $17.98. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $25.81.

Insider Buying and Selling at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the director now directly owns 65,318 shares of the company's stock, valued at $1,306,360. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.00% of the company's stock.

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.