American Century Companies Inc. Has $5.42 Million Stake in NETGEAR, Inc. (NASDAQ:NTGR)

American Century Companies Inc. grew its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 137.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,893 shares of the communications equipment provider’s stock after acquiring an additional 204,734 shares during the quarter. American Century Companies Inc. owned 1.22% of NETGEAR worth $5,415,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of NETGEAR by 4.4% in the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock valued at $39,642,000 after buying an additional 105,994 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of NETGEAR by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,061 shares of the communications equipment provider’s stock valued at $19,568,000 after buying an additional 26,519 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of NETGEAR by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 723,246 shares of the communications equipment provider’s stock valued at $10,545,000 after buying an additional 63,786 shares during the period. Acadian Asset Management LLC increased its stake in shares of NETGEAR by 72.4% in the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after buying an additional 261,705 shares during the period. Finally, Donald Smith & CO. Inc. increased its stake in shares of NETGEAR by 0.7% in the first quarter. Donald Smith & CO. Inc. now owns 294,200 shares of the communications equipment provider’s stock valued at $4,640,000 after buying an additional 2,008 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded NETGEAR from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

Insider Activity at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the sale, the director now directly owns 65,318 shares in the company, valued at $1,306,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is currently owned by company insiders.

NETGEAR Price Performance

Shares of NTGR stock opened at $20.77 on Wednesday. The business’s 50 day simple moving average is $16.62 and its 200 day simple moving average is $15.11. NETGEAR, Inc. has a one year low of $10.40 and a one year high of $22.62. The stock has a market capitalization of $604.41 million, a PE ratio of -5.39 and a beta of 0.82.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) EPS for the quarter, meeting the consensus estimate of ($0.94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.62%. The business had revenue of $143.90 million for the quarter, compared to analysts’ expectations of $132.69 million. As a group, research analysts expect that NETGEAR, Inc. will post -2.29 earnings per share for the current 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.