Sanctuary Advisors LLC Trims Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

Sanctuary Advisors LLC decreased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 47.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,253 shares of the communications equipment provider's stock after selling 19,991 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.08% of NETGEAR worth $446,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of NETGEAR by 10.6% during the 2nd quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider's stock worth $4,024,000 after purchasing an additional 25,200 shares during the last quarter. Federated Hermes Inc. raised its stake in NETGEAR by 125.0% in the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider's stock valued at $1,957,000 after buying an additional 71,054 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock worth $59,246,000 after buying an additional 247,162 shares during the last quarter. Empowered Funds LLC boosted its position in shares of NETGEAR by 23.2% during the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider's stock worth $2,848,000 after acquiring an additional 26,756 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of NETGEAR in the 3rd quarter valued at about $1,805,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling at NETGEAR

In related news, Director Thomas H. Waechter sold 2,000 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the sale, the director now owns 61,135 shares in the company, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is currently owned by insiders.

NETGEAR Trading Down 3.1 %

Shares of NASDAQ NTGR traded down $0.89 during mid-day trading on Friday, reaching $28.14. The company had a trading volume of 262,288 shares, compared to its average volume of 277,806. The firm has a 50 day simple moving average of $24.31 and a two-hundred day simple moving average of $19.42. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The stock has a market cap of $809.59 million, a P/E ratio of 43.29 and a beta of 0.86.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NETGEAR from a "hold" rating to a "buy" rating in a research note on Friday, November 1st.

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.