NETGEAR, Inc. (NASDAQ:NTGR) Stock Position Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 3.5% in the 4th quarter, according to the company in 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 about 4.63% of NETGEAR worth $37,132,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of NETGEAR during the 4th quarter valued at about $72,000. R Squared Ltd bought a new position in shares of NETGEAR during the fourth quarter valued at approximately $72,000. Summit Investment Advisors Inc. raised its position in shares of NETGEAR by 19.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock worth $81,000 after purchasing an additional 479 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of NETGEAR in the 4th quarter worth approximately $92,000. Finally, AlphaQuest LLC acquired a new position in NETGEAR during the 4th quarter valued at approximately $185,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NETGEAR

In other 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 value of $92,044.16. Following the completion of the sale, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,448 shares of company stock valued at $458,221. Company insiders own 7.00% of the company's stock.

NETGEAR Trading Up 0.5 %

NTGR traded up $0.14 during trading hours on Friday, hitting $29.05. The company's stock had a trading volume of 410,016 shares, compared to its average volume of 339,197. NETGEAR, Inc. has a fifty-two week low of $12.08 and a fifty-two week high of $31.55. The company has a 50-day simple moving average of $23.89 and a 200 day simple moving average of $25.23. The firm has a market capitalization of $836.12 million, a PE ratio of 72.63 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share 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 analysts' expectations 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 was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.28) earnings per share. Research analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NTGR has been the topic of several analyst reports. Raymond James increased 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 note on Monday, May 5th.

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.