Caxton Associates LP Acquires New Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Caxton Associates LP bought a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,548 shares of the communications equipment provider's stock, valued at approximately $991,000. Caxton Associates LP owned approximately 0.12% of NETGEAR at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in shares of NETGEAR by 156.6% during the fourth quarter. BNP Paribas Financial Markets now owns 19,871 shares of the communications equipment provider's stock worth $554,000 after purchasing an additional 12,127 shares in the last quarter. Ameriprise Financial Inc. lifted its position in NETGEAR by 30.7% during the 4th quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider's stock worth $3,248,000 after acquiring an additional 27,379 shares in the last quarter. Algert Global LLC boosted its holdings in NETGEAR by 16.0% in the 4th quarter. Algert Global LLC now owns 127,284 shares of the communications equipment provider's stock worth $3,547,000 after acquiring an additional 17,599 shares during the period. AQR Capital Management LLC grew its position in NETGEAR by 50.4% in the fourth quarter. AQR Capital Management LLC now owns 280,385 shares of the communications equipment provider's stock valued at $7,814,000 after acquiring an additional 93,951 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of NETGEAR by 5.9% during the fourth quarter. Northern Trust Corp now owns 269,874 shares of the communications equipment provider's stock valued at $7,521,000 after purchasing an additional 15,044 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

NETGEAR Price Performance

Shares of NASDAQ:NTGR traded up $0.14 during midday trading on Friday, reaching $29.05. The company had a trading volume of 410,016 shares, compared to its average volume of 339,197. The stock has a market capitalization of $836.12 million, a P/E ratio of 72.63 and a beta of 1.09. The stock's fifty day moving average price is $23.89 and its 200-day moving average price is $25.23. NETGEAR, Inc. has a one year low of $12.08 and a one year high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued 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 business 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 company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.28) EPS. As a group, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NTGR has been the topic of several analyst reports. Raymond James lifted their price target on shares of 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 report on Monday, May 5th.

Insider Activity

In other NETGEAR news, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Murray Bryan sold 3,848 shares of NETGEAR 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 transaction, the chief financial officer now directly owns 193,032 shares of the company's stock, valued at $4,617,325.44. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,448 shares of company stock worth $458,221. 7.00% of the stock is currently owned by insiders.

About NETGEAR

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.