NETGEAR, Inc. (NASDAQ:NTGR) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 16,398.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,344 shares of the communications equipment provider's stock after purchasing an additional 15,251 shares during the period. Sterling Capital Management LLC owned 0.05% of NETGEAR worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new stake in shares of NETGEAR during the fourth quarter valued at approximately $72,000. R Squared Ltd bought a new position in NETGEAR in the fourth quarter worth approximately $72,000. Picton Mahoney Asset Management purchased a new stake in NETGEAR during the fourth quarter worth $92,000. AlphaQuest LLC bought a new stake in NETGEAR during the 4th quarter valued at $185,000. Finally, New York State Common Retirement Fund grew its stake in NETGEAR by 49.3% in the fourth quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider's stock valued at $211,000 after purchasing an additional 2,500 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Price Performance

NTGR stock traded up $0.51 during trading on Thursday, hitting $22.51. 33,193 shares of the company traded hands, compared to its average volume of 328,769. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $31.55. The company has a market cap of $649.70 million, a PE ratio of 56.16 and a beta of 1.03. The stock's 50-day simple moving average is $23.86 and its 200 day simple moving average is $24.74.

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, meeting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. Research analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on NTGR. Raymond James increased their price objective 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 shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

Insider Activity

In other news, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.