Teacher Retirement System of Texas Buys Shares of 85,080 NETGEAR, Inc. (NASDAQ:NTGR)

Teacher Retirement System of Texas bought a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,080 shares of the communications equipment provider's stock, valued at approximately $2,371,000. Teacher Retirement System of Texas owned about 0.30% of NETGEAR as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quarry LP increased its stake in NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider's stock worth $37,000 after acquiring an additional 741 shares during the last quarter. Franklin Resources Inc. increased its position in NETGEAR by 5.3% during the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after purchasing an additional 2,166 shares in the last quarter. New York State Common Retirement Fund raised its holdings in NETGEAR by 49.3% in the fourth quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider's stock valued at $211,000 after buying an additional 2,500 shares during the period. New York State Teachers Retirement System acquired a new position in NETGEAR during the fourth quarter valued at approximately $72,000. Finally, R Squared Ltd purchased a new stake in NETGEAR during the fourth quarter worth approximately $72,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NTGR shares. Raymond James raised their target price on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. StockNews.com lowered NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

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Insider Buying and Selling

In related news, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the sale, the chief executive officer now owns 507,763 shares in the company, valued at approximately $13,526,806.32. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Murray Bryan sold 3,848 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

NETGEAR Trading Down 0.4 %

NASDAQ:NTGR traded down $0.11 during trading hours on Friday, hitting $24.72. The stock had a trading volume of 248,126 shares, compared to its average volume of 310,622. The company has a market cap of $713.64 million, a PE ratio of 61.80 and a beta of 0.72. The business has a 50 day simple moving average of $26.25 and a two-hundred day simple moving average of $24.56. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share 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%. Research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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.