Los Angeles Capital Management LLC acquired a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 89,980 shares of the communications equipment provider's stock, valued at approximately $1,805,000. Los Angeles Capital Management LLC owned approximately 0.31% of NETGEAR as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in NTGR. Values First Advisors Inc. acquired a new position in shares of NETGEAR during the third quarter valued at about $144,000. Inspire Advisors LLC acquired a new stake in shares of NETGEAR during the third quarter worth $387,000. Creative Planning purchased a new stake in shares of NETGEAR during the third quarter valued at $235,000. Sanctuary Advisors LLC acquired a new position in shares of NETGEAR in the 2nd quarter valued at $627,000. Finally, Brandes Investment Partners LP raised its stake in NETGEAR by 6.8% in the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock worth $59,246,000 after acquiring an additional 247,162 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.
NETGEAR Price Performance
NTGR traded up $0.37 during trading on Thursday, reaching $24.15. 365,624 shares of the company's stock were exchanged, compared to its average volume of 264,558. The company's fifty day simple moving average is $20.65 and its 200-day simple moving average is $16.70. The stock has a market capitalization of $694.80 million, a P/E ratio of 36.83 and a beta of 0.83. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $25.06.
Insider Activity at NETGEAR
In related news, Director Thomas H. Waechter sold 2,500 shares of the business's stock in a transaction 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 in the company, valued at $1,306,360. The trade was a 3.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.
Check Out Our Latest Stock Report on NETGEAR
About NETGEAR
(
Free Report)
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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