NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) saw unusually large options trading on Wednesday. Investors acquired 2,262 call options on the company. This is an increase of approximately 210% compared to the average daily volume of 729 call options.
Institutional Trading of NETGEAR
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP boosted its position in shares of NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock valued at $37,000 after acquiring an additional 741 shares during the period. Rhumbline Advisers boosted its holdings in NETGEAR by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider's stock valued at $721,000 after purchasing an additional 1,904 shares during the period. Franklin Resources Inc. boosted 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 valued at $883,000 after purchasing an additional 2,166 shares during the period. Barclays PLC grew 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 worth $870,000 after purchasing an additional 4,125 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of NETGEAR during the 3rd quarter worth about $91,000. Institutional investors and hedge funds own 82.97% of the company's stock.
NETGEAR Price Performance
Shares of NASDAQ NTGR traded up $1.23 during trading hours on Wednesday, hitting $26.91. 949,185 shares of the stock were exchanged, compared to its average volume of 272,591. NETGEAR has a one year low of $10.48 and a one year high of $31.55. The company's 50 day moving average is $23.22 and its 200 day moving average is $18.72. The firm has a market capitalization of $774.20 million, a P/E ratio of 41.40 and a beta of 0.86.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.
Read Our Latest Analysis on NTGR
About NETGEAR
(
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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