NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 428,726 shares of the communications equipment provider's stock after selling 25,391 shares during the quarter. JPMorgan Chase & Co. owned about 1.49% of NETGEAR worth $8,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NTGR. Renaissance Technologies LLC raised its holdings in shares of NETGEAR by 10.6% in the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider's stock valued at $4,024,000 after acquiring an additional 25,200 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock worth $1,957,000 after purchasing an additional 71,054 shares during the period. Brandes Investment Partners LP boosted its stake in shares of NETGEAR by 6.8% during the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock valued at $59,246,000 after purchasing an additional 247,162 shares in the last quarter. Empowered Funds LLC increased its holdings in NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock valued at $2,848,000 after buying an additional 26,756 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in NETGEAR by 5.3% during the third quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after buying an additional 2,166 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 owns 61,135 shares of the company's stock, valued at $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is owned by company insiders.

NETGEAR Stock Up 1.3 %

Shares of NETGEAR stock traded up $0.34 on Tuesday, reaching $26.28. The stock had a trading volume of 200,656 shares, compared to its average volume of 257,857. The company has a 50 day moving average price of $25.71 and a 200 day moving average price of $20.53. The stock has a market capitalization of $756.08 million, a P/E ratio of 40.43 and a beta of 0.83. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $31.55.

Analyst Ratings Changes

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

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.