Assenagon Asset Management S.A. Has $1.36 Million Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

Assenagon Asset Management S.A. lessened its holdings in NETGEAR, Inc. (NASDAQ:NTGR) by 64.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,617 shares of the communications equipment provider’s stock after selling 86,723 shares during the period. Assenagon Asset Management S.A. owned about 0.17% of NETGEAR worth $1,355,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brandes Investment Partners LP grew its position in NETGEAR by 6.8% in the 2nd 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. Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 25,200 shares during the last quarter. Tenzing Global Management LLC bought a new position in shares of NETGEAR in the third quarter valued at approximately $3,510,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of NETGEAR by 124.9% in the third 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 in the last quarter. Finally, Empowered Funds LLC increased its position in shares of NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after acquiring an additional 26,756 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was 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. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

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

NETGEAR Stock Performance

NASDAQ NTGR opened at $28.65 on Friday. The company has a market capitalization of $824.26 million, a PE ratio of 44.08 and a beta of 0.83. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The company has a 50-day simple moving average of $26.10 and a 200 day simple moving average of $21.02.

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.