Geode Capital Management LLC Sells 690 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Geode Capital Management LLC trimmed its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672,522 shares of the communications equipment provider’s stock after selling 690 shares during the period. Geode Capital Management LLC owned 2.34% of NETGEAR worth $13,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NTGR. Brandes Investment Partners LP raised its position in shares of NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after purchasing an additional 247,162 shares during the period. American Century Companies Inc. increased 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 acquiring an additional 204,734 shares during the last quarter. Tenzing Global Management LLC bought a new stake in NETGEAR in the 3rd quarter valued at $3,510,000. Los Angeles Capital Management LLC bought a new stake in NETGEAR in the 3rd quarter valued at $1,805,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after acquiring an additional 80,746 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction 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 completion of the transaction, the director now directly owns 61,135 shares of the company’s stock, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

NETGEAR Stock Performance

Shares of NASDAQ NTGR opened at $27.69 on Tuesday. The company has a market cap of $796.64 million, a P/E ratio of 42.60 and a beta of 0.86. The firm’s fifty day moving average is $24.44 and its two-hundred day moving average is $19.58. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55.

About NETGEAR

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.