NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its position in NETGEAR, Inc. (NASDAQ:NTGR) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,467 shares of the communications equipment provider’s stock after selling 1,050 shares during the quarter. First Eagle Investment Management LLC owned 0.42% of NETGEAR worth $3,357,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC acquired a new stake in NETGEAR in the fourth quarter valued at approximately $731,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in NETGEAR by 17.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,281 shares of the communications equipment provider’s stock valued at $4,746,000 after purchasing an additional 24,868 shares during the last quarter. Inspire Advisors LLC increased its stake in NETGEAR by 32.5% in the fourth quarter. Inspire Advisors LLC now owns 25,599 shares of the communications equipment provider’s stock valued at $713,000 after purchasing an additional 6,282 shares during the last quarter. AlphaQuest LLC purchased a new position in NETGEAR in the fourth quarter valued at approximately $185,000. Finally, Amundi purchased a new position in NETGEAR in the fourth quarter valued at approximately $653,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Buying and Selling

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 $1,859,726.70. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now owns 507,763 shares in the company, valued at $13,526,806.32. This represents 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.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Thursday. Raymond James raised their target price 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.

NETGEAR Stock Performance

Shares of NASDAQ NTGR opened at $23.90 on Friday. The firm has a market capitalization of $689.97 million, a P/E ratio of 59.75 and a beta of 0.72. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $31.55. The company’s fifty day moving average is $26.73 and its two-hundred day moving average is $23.93.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) 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%. On average, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

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.