Deutsche Bank AG Has $690,000 Holdings in NETGEAR, Inc. $NTGR

Key Points

• Deutsche Bank AG reduced its stake in NETGEAR by 43.0% in the first quarter, decreasing its holdings to 28,209 shares valued at $690,000.
• Despite this reduction, other institutional investors, including Hsbc Holdings PLC and GAMMA Investing LLC, have increased their stakes significantly, reflecting ongoing interest in NETGEAR.
• NETGEAR reported a 18.5% increase in revenue for the last quarter compared to the previous year, and achieved EPS of $0.06, exceeding analysts' expectations.

Deutsche Bank AG lessened its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 43.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,209 shares of the communications equipment provider's stock after selling 21,260 shares during the quarter. Deutsche Bank AG owned about 0.10% of NETGEAR worth $690,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock worth $61,532,000 after buying an additional 23,488 shares in the last quarter. US Bancorp DE boosted its holdings in NETGEAR by 142.6% during the first quarter. US Bancorp DE now owns 8,800 shares of the communications equipment provider's stock worth $215,000 after buying an additional 5,172 shares in the last quarter. Picton Mahoney Asset Management boosted its holdings in NETGEAR by 4,835.7% during the first quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider's stock worth $3,983,000 after buying an additional 159,578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in NETGEAR by 17.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,052 shares of the communications equipment provider's stock worth $295,000 after buying an additional 1,814 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in NETGEAR during the first quarter worth approximately $154,000. Institutional investors and hedge funds own 82.97% of the company's stock.

NETGEAR Stock Performance

Shares of NETGEAR stock traded up $0.40 during midday trading on Friday, reaching $27.17. 490,852 shares of the company's stock traded hands, compared to its average volume of 526,196. The company has a market cap of $788.20 million, a price-to-earnings ratio of 12.58 and a beta of 1.07. The company's 50 day simple moving average is $26.87 and its 200 day simple moving average is $26.33. NETGEAR, Inc. has a 52 week low of $15.40 and a 52 week high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.22. The business had revenue of $170.53 million for the quarter, compared to the consensus estimate of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. NETGEAR's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.74) EPS. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NTGR. UBS Group set a $35.00 target price on shares of NETGEAR in a report on Thursday, August 21st. Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Stifel Nicolaus began coverage on shares of NETGEAR in a research note on Friday, August 22nd. They issued a "buy" rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $33.00.

Insider Activity

In related news, Director Laura Durr sold 4,388 shares of NETGEAR stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $29.50, for a total value of $129,446.00. Following the transaction, the director owned 49,446 shares in the company, valued at $1,458,657. This trade represents a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Graeme Mclindin sold 2,377 shares of NETGEAR stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.38, for a total transaction of $67,459.26. Following the completion of the transaction, the vice president owned 61,208 shares in the company, valued at $1,737,083.04. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,909 shares of company stock worth $628,427. 2.30% of the stock is owned by corporate insiders.

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.