NETGEAR, Inc. (NASDAQ:NTGR) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 770,464 shares of the communications equipment provider's stock after purchasing an additional 184,863 shares during the quarter. American Century Companies Inc. owned about 2.68% of NETGEAR worth $21,473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTGR. Quarry LP increased its holdings in shares of NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock valued at $37,000 after purchasing an additional 741 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of NETGEAR in the 4th quarter worth $72,000. R Squared Ltd acquired a new stake in shares of NETGEAR in the 4th quarter worth $72,000. Picton Mahoney Asset Management purchased a new position in shares of NETGEAR during the 4th quarter worth $92,000. Finally, AlphaQuest LLC acquired a new position in shares of NETGEAR during the 4th quarter valued at about $185,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Stock Down 14.1 %

NASDAQ NTGR traded down $3.51 on Thursday, reaching $21.39. The stock had a trading volume of 418,701 shares, compared to its average volume of 314,131. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55. The stock has a fifty day moving average price of $25.93 and a two-hundred day moving average price of $24.59. The firm has a market capitalization of $617.51 million, a price-to-earnings ratio of 53.48 and a beta of 0.72.

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

Insider Activity at NETGEAR

In other news, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction dated 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 transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the sale, the chief executive officer now owns 507,763 shares in the company, 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. Company insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NTGR shares. Raymond James lifted their target price on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

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.