NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,316 shares of the communications equipment provider’s stock after selling 517 shares during the period. US Bancorp DE’s holdings in NETGEAR were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Values First Advisors Inc. acquired a new stake in NETGEAR during the third quarter worth approximately $144,000. Inspire Advisors LLC acquired a new position in shares of NETGEAR in the 3rd quarter valued at $387,000. Creative Planning purchased a new position in shares of NETGEAR in the 3rd quarter valued at $235,000. Sanctuary Advisors LLC acquired a new stake in NETGEAR during the 2nd quarter worth $627,000. Finally, Brandes Investment Partners LP lifted its position in NETGEAR by 6.8% in the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after acquiring an additional 247,162 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

NETGEAR Stock Performance

Shares of NTGR opened at $24.15 on Monday. The firm has a market cap of $694.80 million, a PE ratio of 37.15 and a beta of 0.83. The company’s 50 day simple moving average is $20.98 and its 200-day simple moving average is $16.83. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $25.06.

Insider Transactions at NETGEAR

In related news, Director Thomas H. Waechter sold 2,500 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction 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 trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

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

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.