NETGEAR, Inc. (NASDAQ:NTGR) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC increased its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 32.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 25,599 shares of the communications equipment provider’s stock after buying an additional 6,282 shares during the period. Inspire Advisors LLC’s holdings in NETGEAR were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Quarry LP grew its position in shares of NETGEAR by 66.5% during the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 741 shares during the period. Franklin Resources Inc. boosted its holdings in NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock worth $883,000 after buying an additional 2,166 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in NETGEAR by 49.3% in the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 2,500 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in NETGEAR in the 4th quarter worth about $72,000. Finally, R Squared Ltd acquired a new stake in NETGEAR in the 4th quarter worth about $72,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on NTGR. StockNews.com cut NETGEAR from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Raymond James lifted 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.

NETGEAR Trading Up 5.9 %

NTGR stock opened at $23.41 on Wednesday. The stock has a market cap of $675.82 million, a price-to-earnings ratio of 58.53 and a beta of 0.72. The business’s 50-day moving average is $26.94 and its 200 day moving average is $23.82. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55.

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

Insider Transactions at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $291,148.56. Following the sale, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. The trade was a 2.11 % decrease in their position. 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.