Bridgeway Capital Management LLC Increases Stock Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Bridgeway Capital Management LLC lifted its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 47.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 406,119 shares of the communications equipment provider's stock after purchasing an additional 131,243 shares during the quarter. Bridgeway Capital Management LLC owned 1.41% of NETGEAR worth $11,319,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NTGR. Barclays PLC increased its holdings in shares of NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider's stock worth $870,000 after buying an additional 4,125 shares during the period. Franklin Resources Inc. raised its holdings in NETGEAR by 5.3% in the third quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider's stock worth $883,000 after buying an additional 2,166 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of NETGEAR in the fourth quarter worth approximately $375,000. Inspire Investing LLC purchased a new position in shares of NETGEAR in the fourth quarter worth $852,000. Finally, R Squared Ltd bought a new position in shares of NETGEAR during the fourth quarter valued at $72,000. 82.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on NTGR. Raymond James upped their target price on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

Insider Buying and Selling at NETGEAR

In other news, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction dated 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 owns 507,763 shares in the company, valued at $13,526,806.32. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction on Friday, March 14th. The shares were 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. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,448 shares of company stock worth $458,221. 7.00% of the stock is owned by insiders.

NETGEAR Stock Performance

NETGEAR stock traded up $0.34 during mid-day trading on Monday, hitting $29.51. The company's stock had a trading volume of 221,772 shares, compared to its average volume of 338,768. NETGEAR, Inc. has a one year low of $12.08 and a one year high of $31.55. The company has a 50 day moving average of $23.89 and a 200-day moving average of $25.26. The stock has a market cap of $849.36 million, a PE ratio of 73.69 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The company had revenue of $162.06 million during the quarter, compared to analysts' expectations of $152.24 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. NETGEAR's revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts forecast that NETGEAR, Inc. will post -1.84 EPS 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.