Voya Investment Management LLC Buys Shares of 8,774 NETGEAR, Inc. (NASDAQ:NTGR)

Voya Investment Management LLC purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,774 shares of the communications equipment provider's stock, valued at approximately $245,000.

Several other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in NETGEAR by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock worth $37,132,000 after buying an additional 44,752 shares during the last quarter. American Century Companies Inc. lifted its position 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 worth $21,473,000 after buying an additional 184,863 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in NETGEAR by 126.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after buying an additional 376,974 shares during the period. Renaissance Technologies LLC lifted its position in shares of NETGEAR by 11.3% during the fourth quarter. Renaissance Technologies LLC now owns 325,055 shares of the communications equipment provider's stock worth $9,059,000 after purchasing an additional 33,100 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of NETGEAR by 343.1% in the fourth quarter. Barclays PLC now owns 192,226 shares of the communications equipment provider's stock valued at $5,357,000 after acquiring an additional 148,841 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling

In related news, CFO Murray Bryan sold 3,848 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $23.92, for a total value 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. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 17,448 shares of company stock worth $458,221 over the last ninety days. 7.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James raised their price target 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. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

NETGEAR Stock Performance

NTGR traded up $1.04 during trading on Friday, hitting $30.38. The stock had a trading volume of 814,659 shares, compared to its average volume of 344,468. The firm has a market capitalization of $874.40 million, a P/E ratio of 75.95 and a beta of 1.09. NETGEAR, Inc. has a twelve month low of $12.39 and a twelve month high of $31.55. The company's 50-day moving average price is $24.50 and its 200 day moving average price is $25.57.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. The company had revenue of $162.06 million for the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.28) EPS. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal 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.