XTX Topco Ltd bought a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,929 shares of the communications equipment provider's stock, valued at approximately $540,000. XTX Topco Ltd owned 0.09% of NETGEAR as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NTGR. Brandes Investment Partners LP boosted its position in shares of NETGEAR by 6.8% in the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider's stock valued at $59,246,000 after acquiring an additional 247,162 shares during the period. American Century Companies Inc. boosted its holdings in NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider's stock valued at $5,415,000 after purchasing an additional 204,734 shares during the period. Donald Smith & CO. Inc. grew its position in NETGEAR by 11.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider's stock worth $5,038,000 after purchasing an additional 35,100 shares during the last quarter. Renaissance Technologies LLC grew its position in NETGEAR by 10.6% in the 2nd quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider's stock worth $4,024,000 after purchasing an additional 25,200 shares during the last quarter. Finally, Tenzing Global Management LLC bought a new position in shares of NETGEAR during the 3rd quarter worth about $3,510,000. Institutional investors and hedge funds own 82.97% of the company's stock.
NETGEAR Price Performance
Shares of NASDAQ NTGR traded up $0.03 during trading hours on Friday, reaching $25.41. The stock had a trading volume of 180,057 shares, compared to its average volume of 269,652. The company has a market cap of $731.05 million, a price-to-earnings ratio of 39.09 and a beta of 0.86. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $25.81. The business's fifty day moving average is $22.99 and its two-hundred day moving average is $18.48.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a research report on Friday, November 1st.
Get Our Latest Analysis on NTGR
NETGEAR Company Profile
(
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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