WINTON GROUP Ltd Purchases New Position in NETGEAR, Inc. (NASDAQ:NTGR)

WINTON GROUP Ltd acquired a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,883 shares of the communications equipment provider’s stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. grew its position in shares of NETGEAR by 31.6% during the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock worth $21,473,000 after buying an additional 184,863 shares in the last quarter. Tenzing Global Management LLC bought a new stake in shares of NETGEAR in the 3rd quarter valued at about $3,510,000. Hillsdale Investment Management Inc. bought a new stake in shares of NETGEAR in the 4th quarter valued at about $4,449,000. Sei Investments Co. boosted its stake in shares of NETGEAR by 415.9% during the fourth quarter. Sei Investments Co. now owns 125,468 shares of the communications equipment provider’s stock valued at $3,497,000 after purchasing an additional 101,146 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of NETGEAR during the fourth quarter valued at approximately $2,371,000. 82.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NTGR shares. 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 cut NETGEAR from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

NETGEAR Stock Down 0.4 %

Shares of NETGEAR stock opened at $24.72 on Monday. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The firm’s 50 day moving average price is $26.25 and its 200-day moving average price is $24.56. The company has a market cap of $713.64 million, a P/E ratio of 61.80 and a beta of 0.72.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (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%. As a group, equities research analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Activity at NETGEAR

In other news, CFO Murray Bryan sold 3,848 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the sale, the chief financial officer now owns 193,032 shares in the company, valued at approximately $4,617,325.44. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the 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 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. The trade was 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 currently owned by corporate insiders.

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.