Trexquant Investment LP Buys 92,335 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Trexquant Investment LP raised its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 149.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 154,104 shares of the communications equipment provider's stock after purchasing an additional 92,335 shares during the quarter. Trexquant Investment LP owned 0.54% of NETGEAR worth $4,295,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NTGR. Rhumbline Advisers grew its holdings in NETGEAR by 32.0% in the 4th quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock worth $1,946,000 after acquiring an additional 16,920 shares during the last quarter. Bailard Inc. bought a new position in NETGEAR in the 4th quarter worth $362,000. Robeco Institutional Asset Management B.V. boosted its position in NETGEAR by 285.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock valued at $2,221,000 after acquiring an additional 59,005 shares in the last quarter. Inspire Investing LLC purchased a new stake in NETGEAR in the fourth quarter worth $852,000. Finally, Amundi bought a new position in NETGEAR in the fourth quarter worth $653,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Stock Down 4.2 %

NETGEAR stock traded down $0.96 during trading hours on Thursday, hitting $22.11. The stock had a trading volume of 155,599 shares, compared to its average volume of 377,962. The stock's 50-day moving average price is $25.23 and its 200-day moving average price is $24.61. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55. The stock has a market capitalization of $638.35 million, a P/E ratio of 55.43 and a beta of 1.03.

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NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. On average, research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NTGR. Raymond James upped their price objective 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 downgraded NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday, March 21st.

Insider Transactions at NETGEAR

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

About NETGEAR

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.