33,701 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Acquired by Jennison Associates LLC

Jennison Associates LLC purchased a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,701 shares of the communications equipment provider's stock, valued at approximately $939,000. Jennison Associates LLC owned about 0.12% of NETGEAR as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its holdings in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after acquiring an additional 741 shares during the last quarter. R Squared Ltd acquired a new position in shares of NETGEAR in the 4th quarter valued at $72,000. Meeder Asset Management Inc. purchased a new position in NETGEAR in the 3rd quarter worth about $91,000. Values First Advisors Inc. acquired a new stake in NETGEAR during the 3rd quarter worth about $144,000. Finally, Versor Investments LP purchased a new stake in NETGEAR during the third quarter valued at about $235,000. Institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

NTGR has been the topic of several analyst reports. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Raymond James lifted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday.

NETGEAR Price Performance

NETGEAR stock traded up $0.96 during mid-day trading on Monday, hitting $30.35. The company's stock had a trading volume of 675,147 shares, compared to its average volume of 373,709. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The company has a market cap of $873.17 million, a PE ratio of 75.88 and a beta of 0.83. The firm's 50 day moving average is $26.93 and its 200 day moving average is $22.13.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) 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%. As a group, analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insiders Place Their Bets

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. The trade was a 3.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.