NETGEAR, Inc. (NASDAQ:NTGR) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,525 shares of the communications equipment provider's stock after buying an additional 27,379 shares during the period. Ameriprise Financial Inc. owned 0.41% of NETGEAR worth $3,248,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in NETGEAR by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock worth $37,132,000 after acquiring an additional 44,752 shares in the last quarter. American Century Companies Inc. increased 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 buying an additional 184,863 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of NETGEAR by 126.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after purchasing an additional 376,974 shares during the period. Renaissance Technologies LLC boosted its position in NETGEAR by 11.3% during the 4th quarter. Renaissance Technologies LLC now owns 325,055 shares of the communications equipment provider's stock valued at $9,059,000 after acquiring an additional 33,100 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake 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 purchasing an additional 93,951 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

NETGEAR Price Performance

NASDAQ NTGR traded down $0.51 during trading hours on Thursday, hitting $29.58. 391,720 shares of the company's stock traded hands, compared to its average volume of 349,557. NETGEAR, Inc. has a 52-week low of $13.22 and a 52-week high of $31.55. The company has a market capitalization of $851.37 million, a PE ratio of 73.95 and a beta of 1.09. The firm's 50-day moving average is $25.46 and its 200-day moving average is $25.91.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.37. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The business had revenue of $162.06 million during the quarter, compared to analysts' expectations of $152.24 million. During the same quarter in the prior year, the company posted ($0.28) EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 2,671 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $28.09, for a total value of $75,028.39. Following the sale, the chief financial officer now owns 178,945 shares of the company's stock, valued at $5,026,565.05. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Raymond James raised their price target on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Wall Street Zen raised NETGEAR from a "hold" rating to a "buy" rating in a 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.