Barclays PLC Buys 148,841 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Barclays PLC increased its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 343.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 192,226 shares of the communications equipment provider's stock after acquiring an additional 148,841 shares during the quarter. Barclays PLC owned about 0.67% of NETGEAR worth $5,357,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Rhumbline Advisers grew its stake in NETGEAR by 32.0% during the fourth quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock worth $1,946,000 after buying an additional 16,920 shares in the last quarter. Bailard Inc. acquired a new stake in NETGEAR during the fourth quarter worth about $362,000. Robeco Institutional Asset Management B.V. grew its stake in NETGEAR by 285.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock worth $2,221,000 after buying an additional 59,005 shares in the last quarter. Inspire Investing LLC acquired a new stake in NETGEAR during the fourth quarter worth about $852,000. Finally, Amundi acquired a new stake in NETGEAR during the fourth quarter worth about $653,000. 82.97% of the stock is owned by institutional investors.

NETGEAR Price Performance

Shares of NTGR traded down $0.44 during trading hours on Monday, hitting $24.32. The stock had a trading volume of 438,940 shares, compared to its average volume of 333,327. The firm has a 50 day simple moving average of $23.69 and a 200-day simple moving average of $24.85. The firm has a market capitalization of $699.98 million, a P/E ratio of 60.80 and a beta of 1.03. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55.

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, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. Equities analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NTGR. Raymond James upped their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com cut NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Insiders Place Their Bets

In other NETGEAR news, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now owns 507,763 shares of the company's stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Murray Bryan sold 3,848 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were 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. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

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.