NETGEAR, Inc. (NASDAQ:NTGR) Stock Holdings Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 156.6% in the 4th quarter, according to the company in its most recent 13F filing 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 approximately 0.07% of NETGEAR worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in NETGEAR by 30.7% in the 4th quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider's stock valued at $3,248,000 after acquiring an additional 27,379 shares in the last quarter. Algert Global LLC lifted its stake in shares of NETGEAR by 16.0% in the 4th quarter. Algert Global LLC now owns 127,284 shares of the communications equipment provider's stock valued at $3,547,000 after purchasing an additional 17,599 shares during the period. AQR Capital Management LLC lifted its stake in shares of NETGEAR by 50.4% in the 4th 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 period. Northern Trust Corp lifted its stake in shares of NETGEAR by 5.9% in the 4th quarter. Northern Trust Corp now owns 269,874 shares of the communications equipment provider's stock valued at $7,521,000 after purchasing an additional 15,044 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in NETGEAR during the 4th quarter worth approximately $2,702,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NETGEAR

In related news, CFO Murray Bryan sold 2,671 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $28.09, for a total value of $75,028.39. Following the completion of the transaction, the chief financial officer now owns 178,945 shares in the company, valued at $5,026,565.05. This represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by insiders.

NETGEAR Stock Up 0.3%

NTGR stock traded up $0.08 during trading on Wednesday, hitting $30.55. 296,813 shares of the company's stock traded hands, compared to its average volume of 348,029. The firm has a market capitalization of $879.23 million, a P/E ratio of 76.37 and a beta of 1.09. NETGEAR, Inc. has a 1 year low of $13.22 and a 1 year high of $31.55. The business has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $25.88.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Raymond James upped their price objective on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th.

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.