NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,623 shares of the communications equipment provider’s stock after selling 1,772 shares during the period. Nisa Investment Advisors LLC owned 0.08% of NETGEAR worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Osaic Holdings Inc. grew its stake in NETGEAR by 512.7% during the second quarter. Osaic Holdings Inc. now owns 1,973 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 1,651 shares during the period. PNC Financial Services Group Inc. grew its stake in NETGEAR by 138.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,388 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 1,386 shares during the period. Quarry LP purchased a new stake in NETGEAR during the second quarter worth approximately $39,000. US Bancorp DE grew its stake in NETGEAR by 53.8% during the second quarter. US Bancorp DE now owns 2,926 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,024 shares during the period. Finally, Royal Bank of Canada grew its stake in NETGEAR by 81.7% during the second quarter. Royal Bank of Canada now owns 3,084 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 1,387 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial restated a “buy” rating and issued a $30.00 target price on shares of NETGEAR in a research note on Wednesday, April 10th.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, SVP Vikram Mehta sold 1,844 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the transaction, the senior vice president now directly owns 25,569 shares in the company, valued at approximately $370,239.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NETGEAR news, SVP Vikram Mehta sold 1,844 shares of the stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.48, for a total transaction of $26,701.12. Following the transaction, the senior vice president now directly owns 25,569 shares in the company, valued at approximately $370,239.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew Wonki Kim sold 5,723 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the transaction, the insider now owns 76,656 shares in the company, valued at $1,114,578.24. The disclosure for this sale can be found here. Insiders have sold 13,456 shares of company stock worth $195,304 in the last ninety days. 6.00% of the stock is owned by insiders.

NETGEAR Trading Up 1.4 %

Shares of NTGR stock opened at $14.15 on Friday. The company has a market capitalization of $419.69 million, a PE ratio of -3.99 and a beta of 0.84. The firm has a fifty day simple moving average of $14.84 and a 200-day simple moving average of $13.87. NETGEAR, Inc. has a twelve month low of $10.40 and a twelve month high of $17.67.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.04. The business had revenue of $188.67 million during the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The business’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.21) earnings per share. Equities research analysts predict that NETGEAR, Inc. will post -0.16 EPS for the current year.

NETGEAR 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.