NETGEAR, Inc. (NASDAQ:NTGR) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,385 shares of the communications equipment provider’s stock after buying an additional 4,125 shares during the period. Barclays PLC owned 0.15% of NETGEAR worth $870,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NTGR. Bank of New York Mellon Corp increased its position in NETGEAR by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider’s stock worth $1,888,000 after buying an additional 8,050 shares during the period. Rhumbline Advisers increased its holdings in shares of NETGEAR by 4.2% during the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock valued at $721,000 after purchasing an additional 1,904 shares during the period. American Century Companies Inc. increased its holdings in shares of NETGEAR by 137.3% during the second 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. Federated Hermes Inc. increased its holdings in shares of NETGEAR by 125.0% during the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock valued at $1,957,000 after purchasing an additional 71,054 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of NETGEAR by 10.6% during the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock valued at $4,024,000 after purchasing an additional 25,200 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now directly owns 61,135 shares of the company’s stock, valued at $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by corporate insiders.

NETGEAR Stock Performance

Shares of NTGR opened at $26.80 on Thursday. The firm has a market capitalization of $771.04 million, a price-to-earnings ratio of 41.23 and a beta of 0.83. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $31.55. The stock’s fifty day moving average is $25.78 and its 200-day moving average is $20.58.

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.