NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lessened its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,500 shares of the communications equipment provider's stock after selling 96,600 shares during the period. Two Sigma Advisers LP owned approximately 0.15% of NETGEAR worth $1,240,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NTGR. Arrowstreet Capital Limited Partnership increased its position 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 purchasing an additional 376,974 shares during the last quarter. Portolan Capital Management LLC bought a new stake in NETGEAR during the fourth quarter valued at approximately $5,357,000. American Century Companies Inc. increased its holdings in NETGEAR by 31.6% during the fourth 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 last quarter. Hillsdale Investment Management Inc. bought a new position in NETGEAR in the fourth quarter worth approximately $4,449,000. Finally, Barclays PLC boosted its stake 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 acquiring an additional 148,841 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Murray Bryan sold 2,671 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $28.09, for a total transaction of $75,028.39. Following the transaction, the chief financial officer now directly owns 178,945 shares in the company, valued at $5,026,565.05. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sarah Butterfass sold 5,848 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $28.89, for a total value of $168,948.72. Following the completion of the transaction, the director now directly owns 41,657 shares in the company, valued at approximately $1,203,470.73. The trade was a 12.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,367 shares of company stock valued at $336,021 over the last 90 days. Corporate insiders own 2.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded NETGEAR from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Raymond James increased their price target on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th.

NETGEAR Stock Up 0.4%

NTGR traded up $0.11 on Wednesday, hitting $30.26. The company had a trading volume of 552,353 shares, compared to its average volume of 353,844. NETGEAR, Inc. has a 12-month low of $13.33 and a 12-month high of $31.55. The business's fifty day simple moving average is $25.95 and its 200 day simple moving average is $26.10. The company has a market cap of $870.94 million, a PE ratio of 75.65 and a beta of 1.14.

NETGEAR (NASDAQ:NTGR - Get Free Report) last released its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. The firm 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 company's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. On average, analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

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.