WINTON GROUP Ltd purchased a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,883 shares of the communications equipment provider's stock, valued at approximately $331,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of NETGEAR by 31.6% during the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock worth $21,473,000 after buying an additional 184,863 shares during the period. Tenzing Global Management LLC acquired a new stake in NETGEAR during the third quarter worth approximately $3,510,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NETGEAR by 17.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,281 shares of the communications equipment provider's stock worth $4,746,000 after acquiring an additional 24,868 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of NETGEAR in the fourth quarter valued at approximately $4,449,000. Finally, Empowered Funds LLC increased its stake in shares of NETGEAR by 5.1% during the fourth quarter. Empowered Funds LLC now owns 149,219 shares of the communications equipment provider's stock worth $4,159,000 after purchasing an additional 7,243 shares during the period. Institutional investors own 82.97% of the company's stock.
NETGEAR Stock Down 0.1 %
Shares of NTGR traded down $0.02 during mid-day trading on Wednesday, hitting $24.90. 334,132 shares of the company's stock were exchanged, compared to its average volume of 312,285. The firm has a market cap of $718.84 million, a price-to-earnings ratio of 62.25 and a beta of 0.72. The stock's 50-day simple moving average is $26.14 and its 200-day simple moving average is $24.61. NETGEAR, Inc. has a 52 week low of $10.48 and a 52 week high of $31.55.
NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, hitting analysts' consensus estimates of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. Analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. The trade was a 2.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Murray Bryan sold 3,848 shares of the stock in a transaction that occurred on 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 disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts recently issued reports on NTGR shares. Raymond James boosted their price target on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. StockNews.com cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Stock Analysis on NTGR
About NETGEAR
(
Free Report)
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.
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