Trexquant Investment LP Grows Stake in NETGEAR, Inc. (NASDAQ:NTGR)

Trexquant Investment LP grew its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 149.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 154,104 shares of the communications equipment provider’s stock after acquiring an additional 92,335 shares during the quarter. Trexquant Investment LP’s holdings in NETGEAR were worth $4,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in NETGEAR by 31.6% in the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock valued at $21,473,000 after acquiring an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of NETGEAR by 126.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider’s stock valued at $18,818,000 after purchasing an additional 376,974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NETGEAR by 17.1% during 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 buying an additional 24,868 shares during the period. Hillsdale Investment Management Inc. bought a new position in NETGEAR in the fourth quarter worth about $4,449,000. Finally, Empowered Funds LLC lifted its holdings in NETGEAR by 5.1% in the fourth quarter. Empowered Funds LLC now owns 149,219 shares of the communications equipment provider’s stock worth $4,159,000 after buying an additional 7,243 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 193,032 shares in the company, valued at approximately $4,617,325.44. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR 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 transaction, the chief executive officer now directly owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

NETGEAR Price Performance

Shares of NASDAQ NTGR opened at $19.97 on Friday. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $31.55. The firm has a 50-day moving average of $25.78 and a 200 day moving average of $24.60. The stock has a market cap of $576.51 million, a P/E ratio of 49.93 and a beta of 1.03.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. Research analysts expect 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.