BNP Paribas Financial Markets Purchases 12,127 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

BNP Paribas Financial Markets boosted its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 156.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,871 shares of the communications equipment provider's stock after purchasing an additional 12,127 shares during the period. BNP Paribas Financial Markets owned about 0.07% of NETGEAR worth $554,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in NETGEAR by 29.3% in the fourth quarter. Hsbc Holdings PLC now owns 73,209 shares of the communications equipment provider's stock valued at $2,012,000 after purchasing an additional 16,588 shares during the last quarter. Rhumbline Advisers lifted its position in shares of NETGEAR by 32.0% during the fourth quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock worth $1,946,000 after acquiring an additional 16,920 shares in the last quarter. Bailard Inc. purchased a new stake in shares of NETGEAR during the fourth quarter worth $362,000. Robeco Institutional Asset Management B.V. lifted its position in shares of NETGEAR by 285.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock worth $2,221,000 after acquiring an additional 59,005 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of NETGEAR during the fourth quarter worth $852,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. 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.

Insider Transactions at NETGEAR

In other news, CFO Murray Bryan sold 2,671 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $28.09, for a total value of $75,028.39. Following the transaction, the chief financial officer now owns 178,945 shares of the company's stock, valued at approximately $5,026,565.05. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.00% of the company's stock.

NETGEAR Price Performance

Shares of NASDAQ:NTGR traded down $0.51 during trading on Thursday, hitting $29.58. 391,720 shares of the company were exchanged, compared to its average volume of 349,557. The company has a market cap of $851.37 million, a PE ratio of 73.95 and a beta of 1.09. NETGEAR, Inc. has a 52-week low of $13.22 and a 52-week high of $31.55. The stock has a 50 day moving average of $25.55 and a 200 day moving average of $25.94.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results 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 firm 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 business's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. Sell-side analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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.