Deutsche Bank AG Has $1.38 Million Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

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

Several other large investors have also made changes to their positions in NTGR. R Squared Ltd acquired a new position in shares of NETGEAR during the fourth quarter worth $72,000. New York State Teachers Retirement System purchased a new position in NETGEAR in the 4th quarter valued at about $72,000. Summit Investment Advisors Inc. grew its stake in shares of NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after acquiring an additional 479 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of NETGEAR during the fourth quarter worth about $92,000. Finally, AlphaQuest LLC purchased a new stake in shares of NETGEAR during the fourth quarter worth about $185,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

NETGEAR Price Performance

Shares of NTGR traded down $0.51 during trading hours 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 capitalization of $851.37 million, a PE ratio of 73.95 and a beta of 1.09. The firm has a fifty day simple moving average of $25.55 and a 200-day simple moving average of $25.94. NETGEAR, Inc. has a one year low of $13.22 and a one year high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its 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. The company had revenue of $162.06 million for the quarter, compared to analysts' expectations of $152.24 million. NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) EPS. Sell-side analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Murray Bryan sold 2,671 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $28.09, for a total transaction 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 trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% of the company's stock.

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.