D. E. Shaw & Co. Inc. Decreases Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

D. E. Shaw & Co. Inc. trimmed its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 42.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187,906 shares of the communications equipment provider's stock after selling 138,602 shares during the period. D. E. Shaw & Co. Inc. owned 0.65% of NETGEAR worth $5,237,000 at the end of the most recent quarter.

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

NETGEAR Stock Down 1.8%

NTGR traded down $0.57 during trading hours on Tuesday, reaching $30.68. 365,055 shares of the company's stock traded hands, compared to its average volume of 344,968. The firm has a 50-day moving average price of $24.64 and a 200 day moving average price of $25.63. NETGEAR, Inc. has a 52-week low of $12.39 and a 52-week high of $31.79. The firm has a market capitalization of $883.03 million, a PE ratio of 76.70 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.37. The company had revenue of $162.06 million during 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 previous year, the company earned ($0.28) EPS. Equities analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NTGR has been the subject of a number of analyst reports. Raymond James raised their price target 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 upgraded NETGEAR from a "hold" rating to a "buy" rating in a 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 that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the sale, the chief executive officer now owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief financial officer now directly owns 193,032 shares of the company's stock, valued at $4,617,325.44. The trade was a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,448 shares of company stock valued at $458,221 in the last three months. Company insiders own 7.00% of the company's stock.

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.