State Street Corp Sells 1,793 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

State Street Corp lessened its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 694,533 shares of the communications equipment provider’s stock after selling 1,793 shares during the period. State Street Corp owned approximately 2.41% of NETGEAR worth $13,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 741 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of NETGEAR during the 3rd quarter valued at approximately $91,000. Values First Advisors Inc. acquired a new position in shares of NETGEAR in the 3rd quarter valued at $144,000. Creative Planning purchased a new stake in NETGEAR during the third quarter worth $235,000. Finally, Versor Investments LP acquired a new stake in NETGEAR during the third quarter valued at $235,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling at NETGEAR

In related news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were 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 approximately $1,859,726.70. The trade was a 3.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by insiders.

NETGEAR Trading Up 4.4 %

Shares of NETGEAR stock opened at $28.39 on Wednesday. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The firm has a market capitalization of $816.78 million, a PE ratio of 43.68 and a beta of 0.86. The firm’s 50-day moving average price is $23.75 and its 200 day moving average price is $19.10.

Wall Street Analyst Weigh In

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

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.