Sanctuary Advisors LLC reduced its position in shares of NETGEAR, Inc. (NASDAQ:NTGR – Free Report) by 47.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,253 shares of the communications equipment provider’s stock after selling 19,991 shares during the quarter. Sanctuary Advisors LLC owned about 0.08% of NETGEAR worth $446,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP raised its position in shares of NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after purchasing an additional 741 shares during the period. Meeder Asset Management Inc. acquired a new position in NETGEAR during the third quarter worth $91,000. Values First Advisors Inc. bought a new position in shares of NETGEAR in the third quarter valued at $144,000. Creative Planning acquired a new position in shares of NETGEAR during the third quarter valued at about $235,000. Finally, Versor Investments LP bought a new stake in shares of NETGEAR during the third quarter worth about $235,000. Institutional investors own 82.97% of the company’s stock.
Insider Transactions at NETGEAR
In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 7.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Report on NETGEAR
NETGEAR Trading Up 2.3 %
NASDAQ NTGR opened at $29.03 on Friday. The business has a fifty day simple moving average of $24.03 and a 200 day simple moving average of $19.26. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $31.55. The firm has a market capitalization of $835.19 million, a P/E ratio of 44.66 and a beta of 0.86.
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.
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