Charles Schwab Investment Management Inc. Sells 134,434 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Charles Schwab Investment Management Inc. lowered its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 26.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 373,963 shares of the communications equipment provider's stock after selling 134,434 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.30% of NETGEAR worth $10,422,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NTGR. Rhumbline Advisers grew its position in shares of NETGEAR by 32.0% in the fourth quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock valued at $1,946,000 after purchasing an additional 16,920 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of NETGEAR by 285.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock valued at $2,221,000 after acquiring an additional 59,005 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of NETGEAR during the 4th quarter worth about $852,000. Bailard Inc. purchased a new stake in NETGEAR in the fourth quarter valued at approximately $362,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in NETGEAR during the fourth quarter worth approximately $1,385,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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NETGEAR Price Performance

NETGEAR stock traded down $0.18 during midday trading on Wednesday, hitting $24.62. 171,241 shares of the company were exchanged, compared to its average volume of 301,698. NETGEAR, Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The company's fifty day moving average price is $26.38 and its 200-day moving average price is $24.37. The company has a market cap of $710.75 million, a PE ratio of 61.55 and a beta of 0.72.

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

Insider Activity

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the 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 sale, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction 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 in the company, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.