NETGEAR, Inc. (NASDAQ:NTGR) Short Interest Update

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 940,400 shares, a growth of 18.1% from the January 15th total of 796,300 shares. Based on an average daily trading volume, of 384,100 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.6% of the company's stock are short sold.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the sale, the director now directly owns 61,135 shares in the company, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On NETGEAR

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its stake in shares of NETGEAR by 126.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after buying an additional 376,974 shares during the period. Portolan Capital Management LLC bought a new stake in NETGEAR during the 4th quarter worth approximately $5,357,000. American Century Companies Inc. lifted its holdings in NETGEAR by 31.6% during the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock valued at $21,473,000 after purchasing an additional 184,863 shares in the last quarter. Tenzing Global Management LLC bought a new position in shares of NETGEAR in the third quarter worth approximately $3,510,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of NETGEAR in the fourth quarter worth $4,449,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on NTGR shares. Raymond James lifted their price objective on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a report on Friday, November 1st.

NETGEAR Stock Up 1.0 %

NASDAQ:NTGR traded up $0.26 on Wednesday, hitting $27.23. The stock had a trading volume of 369,945 shares, compared to its average volume of 393,426. NETGEAR has a 52-week low of $10.48 and a 52-week high of $31.55. The stock has a market cap of $783.41 million, a price-to-earnings ratio of 68.08 and a beta of 0.83. The business's 50-day simple moving average is $27.56 and its two-hundred day simple moving average is $22.81.

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 (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%. As a group, equities research analysts anticipate that NETGEAR will post -1.84 EPS for the current year.

About NETGEAR

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.