Savant Capital LLC Makes New $266,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Savant Capital LLC purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 9,543 shares of the communications equipment provider's stock, valued at approximately $266,000.

Several other large investors have also recently made changes to their positions in the stock. Quarry LP raised its position 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 valued at $37,000 after purchasing an additional 741 shares during the last quarter. R Squared Ltd acquired a new stake in shares of NETGEAR during the fourth quarter worth $72,000. Meeder Asset Management Inc. purchased a new stake in shares of NETGEAR during the third quarter valued at $91,000. Values First Advisors Inc. acquired a new position in shares of NETGEAR in the 3rd quarter valued at $144,000. Finally, Creative Planning purchased a new position in NETGEAR in the 3rd quarter worth $235,000. 82.97% of the stock is owned by institutional investors.

Insider Activity at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the business's stock in a transaction dated 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 sale, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by corporate insiders.

NETGEAR Price Performance

Shares of NTGR stock traded down $0.20 during trading on Thursday, hitting $27.03. 274,935 shares of the stock traded hands, compared to its average volume of 389,834. The firm's fifty day moving average price is $27.59 and its 200-day moving average price is $22.84. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The firm has a market capitalization of $780.36 million, a P/E ratio of 67.58 and a beta of 0.83.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting analysts' consensus estimates 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 expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Analysts Set New Price Targets

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

NETGEAR 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.