Algert Global LLC Has $3.55 Million Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

Algert Global LLC raised its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,284 shares of the communications equipment provider's stock after buying an additional 17,599 shares during the period. Algert Global LLC owned approximately 0.44% of NETGEAR worth $3,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of NETGEAR by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock valued at $37,132,000 after purchasing an additional 44,752 shares during the last quarter. American Century Companies Inc. raised 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 acquiring an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in NETGEAR by 126.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after acquiring an additional 376,974 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in NETGEAR by 11.3% in the 4th quarter. Renaissance Technologies LLC now owns 325,055 shares of the communications equipment provider's stock valued at $9,059,000 after acquiring an additional 33,100 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of NETGEAR by 50.4% during the 4th quarter. AQR Capital Management LLC now owns 280,385 shares of the communications equipment provider's stock valued at $7,814,000 after purchasing an additional 93,951 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Transactions at NETGEAR

In other news, CFO Murray Bryan sold 3,848 shares of the company'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 transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.44. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,448 shares of company stock worth $458,221. Company insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NTGR. Raymond James raised their price objective on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th. StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a research note on Monday, May 5th.

NETGEAR Trading Up 0.5 %

NETGEAR stock traded up $0.14 during mid-day trading on Friday, hitting $29.05. 410,016 shares of the company's stock were exchanged, compared to its average volume of 338,980. NETGEAR, Inc. has a 1-year low of $11.77 and a 1-year high of $31.55. The stock has a 50 day moving average of $23.89 and a two-hundred day moving average of $25.19. The stock has a market cap of $836.12 million, a P/E ratio of 72.63 and a beta of 1.09.

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