Dimensional Fund Advisors LP Has $37.13 Million Position in NETGEAR, Inc. (NASDAQ:NTGR)

Dimensional Fund Advisors LP raised its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,332,316 shares of the communications equipment provider's stock after acquiring an additional 44,752 shares during the period. Dimensional Fund Advisors LP owned approximately 4.63% of NETGEAR worth $37,132,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of NETGEAR by 31.6% during the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock valued at $21,473,000 after purchasing an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of NETGEAR by 126.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after buying an additional 376,974 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of NETGEAR by 11.3% in the 4th quarter. Renaissance Technologies LLC now owns 325,055 shares of the communications equipment provider's stock worth $9,059,000 after acquiring an additional 33,100 shares during the period. Barclays PLC increased its stake in shares of NETGEAR by 343.1% during the fourth quarter. Barclays PLC now owns 192,226 shares of the communications equipment provider's stock valued at $5,357,000 after acquiring an additional 148,841 shares during the period. Finally, Portolan Capital Management LLC bought a new stake in NETGEAR during the fourth quarter worth approximately $5,357,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NTGR. StockNews.com upgraded NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday. Raymond James boosted their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th.

Insiders Place Their Bets

In other news, CFO Murray Bryan sold 3,848 shares of NETGEAR 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 transaction, the chief financial officer now owns 193,032 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR 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 transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,448 shares of company stock worth $458,221. Company insiders own 7.00% of the company's stock.

NETGEAR Stock Up 4.3 %

NASDAQ:NTGR traded up $1.19 during trading hours on Wednesday, reaching $28.67. 752,210 shares of the company's stock were exchanged, compared to its average volume of 338,056. The company has a market capitalization of $825.18 million, a P/E ratio of 71.68 and a beta of 1.09. NETGEAR, Inc. has a 12 month low of $11.43 and a 12 month high of $31.55. The business's 50-day simple moving average is $23.67 and its two-hundred day simple moving average is $25.06.

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 for the quarter, topping the consensus estimate of ($0.35) by $0.37. The business had revenue of $162.06 million during the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. The company's revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted ($0.28) EPS. As a group, sell-side analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share 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.