Centiva Capital LP Invests $384,000 in NETGEAR, Inc. (NASDAQ:NTGR)

Centiva Capital LP purchased a new position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,775 shares of the communications equipment provider's stock, valued at approximately $384,000.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new position in shares of NETGEAR during the 4th quarter valued at about $72,000. R Squared Ltd purchased a new position in shares of NETGEAR in the fourth quarter worth $72,000. Summit Investment Advisors Inc. grew its stake in NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after acquiring an additional 479 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in NETGEAR in the 4th quarter valued at $92,000. Finally, AlphaQuest LLC purchased a new stake in NETGEAR in the 4th quarter worth $185,000. Institutional investors own 82.97% of the company's stock.

NETGEAR Trading Up 0.8%

Shares of NETGEAR stock traded up $0.23 on Thursday, hitting $29.34. 450,370 shares of the company traded hands, compared to its average volume of 342,539. NETGEAR, Inc. has a 52 week low of $12.33 and a 52 week high of $31.55. The stock's 50 day moving average price is $24.22 and its 200-day moving average price is $25.38. The company has a market cap of $844.46 million, a PE ratio of 73.35 and a beta of 1.09.

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, topping the consensus estimate of ($0.35) by $0.37. The company had revenue of $162.06 million for the quarter, compared to analysts' expectations 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 business earned ($0.28) EPS. As a group, research analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Activity

In related news, CFO Murray Bryan sold 3,848 shares of the company's stock in a transaction 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 sale, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were 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 in the company, valued at approximately $13,526,806.32. The trade was 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. Corporate insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on NTGR. Raymond James boosted their target price on 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 research report on Monday, May 5th.

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.