NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.12 and traded as high as $27.19. NETGEAR shares last traded at $26.95, with a volume of 301,161 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.
Get Our Latest Analysis on NETGEAR
NETGEAR Stock Performance
The business's 50-day moving average is $25.52 and its 200-day moving average is $20.22. The company has a market capitalization of $775.35 million, a PE ratio of 41.46 and a beta of 0.83.
Insider Buying and Selling at NETGEAR
In other news, Director Thomas H. Waechter sold 2,000 shares of the firm's 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 completion of the transaction, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is owned by company insiders.
Institutional Trading of NETGEAR
Several institutional investors have recently bought and sold shares of NTGR. Quarry LP raised its holdings in NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after buying an additional 741 shares during the last quarter. Rhumbline Advisers increased its position in shares of NETGEAR by 4.2% during the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider's stock valued at $721,000 after acquiring an additional 1,904 shares in the last quarter. Franklin Resources Inc. raised its holdings in NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after acquiring an additional 2,166 shares during the last quarter. Barclays PLC lifted its position in NETGEAR by 10.5% in the 3rd quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider's stock valued at $870,000 after acquiring an additional 4,125 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in NETGEAR in the 3rd quarter valued at approximately $91,000. 82.97% of the stock is owned by hedge funds and other institutional investors.
NETGEAR Company Profile
(
Get Free Report)
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.
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