29,146 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the second quarter, according to its most recent filing with the SEC. The fund purchased 29,146 shares of the communications equipment provider’s stock, valued at approximately $446,000. Marshall Wace LLP owned about 0.10% of NETGEAR as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NTGR. Renaissance Technologies LLC grew its position 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 in the last quarter. Donald Smith & CO. Inc. grew its holdings in NETGEAR by 11.9% during the 2nd quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock valued at $5,038,000 after buying an additional 35,100 shares in the last quarter. Federated Hermes Inc. increased its stake in NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock worth $1,957,000 after acquiring an additional 71,054 shares during the last quarter. American Century Companies Inc. increased its stake 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 worth $5,415,000 after acquiring an additional 204,734 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of NETGEAR by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after acquiring an additional 1,904 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Transactions at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the sale, the director now directly owns 65,318 shares of the company’s stock, valued at $1,306,360. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.00% of the company’s stock.

NETGEAR Trading Down 3.8 %

NTGR opened at $19.87 on Friday. The stock has a 50-day moving average of $17.62 and a 200 day moving average of $15.52. NETGEAR, Inc. has a 12 month low of $10.40 and a 12 month high of $22.62. The firm has a market cap of $578.22 million, a P/E ratio of -5.16 and a beta of 0.83.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported ($0.94) earnings per share for the quarter, hitting the consensus estimate of ($0.94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.62%. The firm had revenue of $143.90 million for the quarter, compared to the consensus estimate of $132.69 million. On average, research analysts forecast that NETGEAR, Inc. will post -2.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of NETGEAR from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th.

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.