NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) traded up 8.9% on Friday . The stock traded as high as $29.14 and last traded at $29.09. 262,760 shares traded hands during trading, a decline of 4% from the average session volume of 273,499 shares. The stock had previously closed at $26.71.
Analysts Set New Price Targets
Separately, StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.
Get Our Latest Analysis on NETGEAR
NETGEAR Stock Performance
The business's 50-day moving average is $23.48 and its 200-day moving average is $18.83. The company has a market capitalization of $805.56 million, a PE ratio of 43.08 and a beta of 0.86.
Insider Buying and Selling at NETGEAR
In other 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 value of $60,840.00. Following the sale, the director now directly owns 61,135 shares of the company's stock, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.00% of the company's stock.
Hedge Funds Weigh In On NETGEAR
A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in NETGEAR by 5.3% in the third quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after buying an additional 2,166 shares during the last quarter. Barclays PLC raised its holdings in NETGEAR by 10.5% in the 3rd quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider's stock worth $870,000 after acquiring an additional 4,125 shares during the last quarter. XTX Topco Ltd bought a new position in NETGEAR in the 3rd quarter valued at approximately $540,000. Tenzing Global Management LLC purchased a new stake in NETGEAR during the 3rd quarter valued at $3,510,000. Finally, Quarry LP increased its holdings in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after purchasing an additional 741 shares in the last quarter. Institutional investors own 82.97% of the company's stock.
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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