NETGEAR, Inc. (NASDAQ:NTGR) Shares Acquired by Tenzing Global Management LLC

Tenzing Global Management LLC lifted its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 64.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,500 shares of the communications equipment provider's stock after purchasing an additional 112,500 shares during the quarter. NETGEAR makes up about 6.0% of Tenzing Global Management LLC's holdings, making the stock its 5th biggest position. Tenzing Global Management LLC owned approximately 1.00% of NETGEAR worth $8,013,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in shares of NETGEAR by 126.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock valued at $18,818,000 after purchasing an additional 376,974 shares during the last quarter. Portolan Capital Management LLC acquired a new stake in shares of NETGEAR during the 4th quarter worth approximately $5,357,000. American Century Companies Inc. grew 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 worth $21,473,000 after purchasing an additional 184,863 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of NETGEAR during the 4th quarter worth approximately $4,449,000. Finally, Barclays PLC grew 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 worth $5,357,000 after purchasing an additional 148,841 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Activity

In related news, CEO Charles J. Prober sold 10,929 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at $13,526,806.32. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total value of $92,044.16. Following the sale, the chief financial officer now directly owns 193,032 shares of the company's stock, valued at $4,617,325.44. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,448 shares of company stock worth $458,221. Corporate insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. 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. StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

NETGEAR Trading Down 2.3%

NASDAQ:NTGR traded down $0.71 during mid-day trading on Wednesday, hitting $29.97. The company's stock had a trading volume of 500,871 shares, compared to its average volume of 346,721. NETGEAR, Inc. has a fifty-two week low of $12.45 and a fifty-two week high of $31.55. The company has a market capitalization of $862.60 million, a price-to-earnings ratio of 74.93 and a beta of 1.09. The stock has a fifty day moving average of $24.78 and a 200-day moving average of $25.67.

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

About NETGEAR

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.