16,800 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,800 shares of the communications equipment provider's stock, valued at approximately $468,000. KLP Kapitalforvaltning AS owned 0.06% of NETGEAR as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of NTGR. Verition Fund Management LLC bought a new position in NETGEAR during the third quarter valued at about $348,000. Point72 Asset Management L.P. bought a new position in shares of NETGEAR during the 3rd quarter valued at about $255,000. Quarry LP grew its stake 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 purchasing an additional 741 shares during the last quarter. Tenzing Global Management LLC bought a new stake in shares of NETGEAR in the 3rd quarter worth approximately $3,510,000. Finally, XTX Topco Ltd acquired a new stake in NETGEAR during the third quarter valued at approximately $540,000. Institutional investors own 82.97% of the company's stock.

Wall Street Analyst Weigh In

NTGR has been the topic of several research reports. Raymond James upped their price target on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. StockNews.com lowered NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

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Insider Activity at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $4,617,325.44. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares of the company's stock, 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. 7.00% of the stock is currently owned by insiders.

NETGEAR Stock Down 1.7 %

Shares of NETGEAR stock traded down $0.34 during trading on Tuesday, hitting $20.21. The stock had a trading volume of 430,966 shares, compared to its average volume of 318,780. The company has a market capitalization of $583.44 million, a PE ratio of 50.53 and a beta of 1.03. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $31.55. The stock has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $24.60.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

NETGEAR 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.