26,239 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 26,239 shares of the communications equipment provider’s stock, valued at approximately $731,000. Commonwealth Equity Services LLC owned about 0.09% of NETGEAR as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of NTGR. Quarry LP grew its holdings in NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 741 shares during the period. R Squared Ltd purchased a new stake in shares of NETGEAR during the 4th quarter valued at $72,000. New York State Teachers Retirement System acquired a new stake in shares of NETGEAR during the 4th quarter worth $72,000. AlphaQuest LLC purchased a new position in shares of NETGEAR in the 4th quarter worth $185,000. Finally, New York State Common Retirement Fund boosted its holdings in NETGEAR by 49.3% in the fourth quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider’s stock valued at $211,000 after acquiring an additional 2,500 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NETGEAR news, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Murray Bryan sold 3,848 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $23.92, for a total value of $92,044.16. Following the transaction, the chief financial officer now owns 193,032 shares of the company’s stock, valued at approximately $4,617,325.44. This trade represents a 1.95 % 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 Price Performance

Shares of NASDAQ NTGR opened at $24.90 on Thursday. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55. The company has a market capitalization of $718.84 million, a price-to-earnings ratio of 62.25 and a beta of 0.72. The business has a 50-day moving average of $26.08 and a 200-day moving average of $24.61.

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

Analyst Upgrades and Downgrades

NTGR has been the subject of a number of research analyst reports. StockNews.com downgraded shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Raymond James increased 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.

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.