NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,492,148 shares of the communications equipment provider's stock after selling 35,476 shares during the quarter. Vanguard Group Inc. owned about 8.66% of NETGEAR worth $69,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its holdings 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 purchasing an additional 741 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of NETGEAR in the 4th quarter valued at approximately $72,000. R Squared Ltd acquired a new stake in shares of NETGEAR during the 4th quarter worth approximately $72,000. Picton Mahoney Asset Management purchased a new stake in shares of NETGEAR during the 4th quarter valued at approximately $92,000. Finally, AlphaQuest LLC acquired a new position in NETGEAR in the fourth quarter valued at approximately $185,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Wall Street Analysts Forecast Growth

NTGR has been the topic of a number of research analyst reports. StockNews.com downgraded NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Raymond James upped their target price on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th.

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Insider Buying and Selling

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the sale, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction dated 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 directly owns 507,763 shares in the company, valued at $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

NETGEAR Stock Performance

Shares of NTGR traded down $0.04 during midday trading on Tuesday, hitting $22.56. 88,814 shares of the stock were exchanged, compared to its average volume of 324,613. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The stock has a fifty day simple moving average of $24.90 and a 200 day simple moving average of $24.69. The firm has a market cap of $651.28 million, a P/E ratio of 56.40 and a beta of 1.03.

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

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.