NETGEAR, Inc. (NASDAQ:NTGR) Stock Position Lowered by Deutsche Bank AG

Deutsche Bank AG trimmed its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,469 shares of the communications equipment provider's stock after selling 15,274 shares during the quarter. Deutsche Bank AG owned 0.17% of NETGEAR worth $1,379,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NTGR. Arrowstreet Capital Limited Partnership raised its holdings in shares of NETGEAR by 126.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock valued at $18,818,000 after buying an additional 376,974 shares during the period. Portolan Capital Management LLC purchased a new stake in shares of NETGEAR during the 4th quarter valued at about $5,357,000. American Century Companies Inc. raised its holdings in shares of NETGEAR by 31.6% during the 4th 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. Hillsdale Investment Management Inc. purchased a new stake in shares of NETGEAR during the 4th quarter valued at about $4,449,000. Finally, Barclays PLC raised its holdings in shares of NETGEAR by 343.1% during the 4th quarter. Barclays PLC now owns 192,226 shares of the communications equipment provider's stock valued at $5,357,000 after buying an additional 148,841 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NETGEAR

In related news, CFO Murray Bryan sold 3,848 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. The trade was a 1.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on NTGR. Wall Street Zen upgraded NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Raymond James lifted their price objective on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th.

NETGEAR Trading Down 1.0%

NTGR stock traded down $0.29 during midday trading on Thursday, hitting $29.80. 43,949 shares of the company's stock were exchanged, compared to its average volume of 347,975. NETGEAR, Inc. has a 12-month low of $13.22 and a 12-month high of $31.55. The firm has a 50 day moving average price of $25.46 and a 200-day moving average price of $25.91. The stock has a market capitalization of $857.70 million, a price-to-earnings ratio of 74.43 and a beta of 1.09.

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 (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.37. The company had revenue of $162.06 million for the quarter, compared to the consensus estimate of $152.24 million. NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. NETGEAR's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.28) EPS. On average, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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.