UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,622 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in NETGEAR, Inc. (NASDAQ:NTGR) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,967 shares of the communications equipment provider’s stock after selling 1,622 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of NETGEAR worth $902,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 25,200 shares during the last quarter. Federated Hermes Inc. boosted its position in NETGEAR by 125.0% during the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock worth $1,957,000 after purchasing an additional 71,054 shares during the period. Brandes Investment Partners LP increased its stake 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 worth $59,246,000 after purchasing an additional 247,162 shares in the last quarter. Empowered Funds LLC raised its position in shares of NETGEAR by 23.2% in the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after purchasing an additional 26,756 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of NETGEAR during the 3rd quarter valued at approximately $1,805,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Insider Transactions at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the sale, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

NETGEAR Stock Performance

Shares of NTGR opened at $26.71 on Friday. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The stock’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $18.83. The stock has a market capitalization of $768.45 million, a price-to-earnings ratio of 41.09 and a beta of 0.86.

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.