NETGEAR, Inc. (NASDAQ:NTGR) Holdings Boosted by American Century Companies Inc.

American Century Companies Inc. grew its holdings in NETGEAR, Inc. (NASDAQ:NTGR) by 31.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 770,464 shares of the communications equipment provider’s stock after purchasing an additional 184,863 shares during the period. American Century Companies Inc. owned approximately 2.68% of NETGEAR worth $21,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Tenzing Global Management LLC acquired a new position in NETGEAR in the 3rd quarter valued at approximately $3,510,000. Teacher Retirement System of Texas purchased a new position in shares of NETGEAR during the 4th quarter valued at $2,371,000. Robeco Institutional Asset Management B.V. increased its stake in shares of NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider’s stock worth $2,221,000 after acquiring an additional 59,005 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NETGEAR during the fourth quarter worth $1,385,000. Finally, Jennison Associates LLC acquired a new stake in NETGEAR during the fourth quarter valued at $939,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NTGR has been the topic of a number of research reports. Raymond James increased their price objective on NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com cut shares of NETGEAR from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

NETGEAR Stock Performance

NASDAQ NTGR opened at $24.72 on Monday. The stock has a market capitalization of $713.64 million, a PE ratio of 61.80 and a beta of 0.72. The stock has a 50-day simple moving average of $26.25 and a 200 day simple moving average of $24.56. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. As a group, equities research analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Transactions at NETGEAR

In other news, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the sale, the chief financial officer now directly owns 193,032 shares in the company, valued at approximately $4,617,325.44. The trade was a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total value of $291,148.56. Following the sale, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. The trade was a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

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.