SG Americas Securities LLC Invests $375,000 in NETGEAR, Inc. (NASDAQ:NTGR)

SG Americas Securities LLC bought a new stake in NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,461 shares of the communications equipment provider’s stock, valued at approximately $375,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Tenzing Global Management LLC acquired a new position in shares of NETGEAR during the 3rd quarter valued at about $3,510,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock worth $2,917,000 after acquiring an additional 80,746 shares during the period. Empowered Funds LLC boosted its holdings in NETGEAR by 23.2% in the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock worth $2,848,000 after acquiring an additional 26,756 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of NETGEAR during the 3rd quarter valued at approximately $1,805,000. Finally, Barclays PLC boosted its stake in shares of NETGEAR by 10.5% during the 3rd quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock valued at $870,000 after buying an additional 4,125 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas H. Waechter sold 2,000 shares of the 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 completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 7.00% of the stock is owned by corporate insiders.

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 Price Performance

Shares of NASDAQ NTGR opened at $27.50 on Tuesday. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55. The business’s fifty day moving average price is $26.54 and its two-hundred day moving average price is $21.67. The firm has a market capitalization of $791.18 million, a PE ratio of 42.31 and a beta of 0.83.

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.