Savant Capital LLC Acquires New Stake in NETGEAR, Inc. (NASDAQ:NTGR)

Savant Capital LLC purchased a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,543 shares of the communications equipment provider’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTGR. Quarry LP boosted its holdings in shares of NETGEAR by 66.5% in the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after buying an additional 741 shares during the last quarter. R Squared Ltd bought a new stake in NETGEAR in the 4th quarter valued at about $72,000. Meeder Asset Management Inc. acquired a new position in shares of NETGEAR during the 3rd quarter worth approximately $91,000. Values First Advisors Inc. acquired a new stake in shares of NETGEAR during the 3rd quarter worth $144,000. Finally, Creative Planning acquired a new position in shares of NETGEAR in the 3rd quarter valued at approximately $235,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

NETGEAR Stock Performance

Shares of NTGR opened at $26.97 on Wednesday. The business’s 50 day moving average price is $27.48 and its two-hundred day moving average price is $22.70. The firm has a market cap of $775.93 million, a PE ratio of 67.43 and a beta of 0.83. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. Research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the 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 completion of the sale, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NTGR shares. Raymond James upped their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research note 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.