NETGEAR, Inc. (NASDAQ:NTGR) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,125 shares of the communications equipment provider's stock after acquiring an additional 20,158 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of NETGEAR worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in NETGEAR by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock valued at $37,132,000 after purchasing an additional 44,752 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of NETGEAR by 31.6% during the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock worth $21,473,000 after buying an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership raised 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 buying an additional 376,974 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of NETGEAR by 22.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock valued at $14,123,000 after buying an additional 93,737 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its stake in shares of NETGEAR by 47.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock worth $11,319,000 after buying an additional 131,243 shares in the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research note on Monday, May 5th.

Insiders Place Their Bets

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sarah Butterfass sold 5,848 shares of the stock in a transaction dated 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 sale, the director now directly owns 41,657 shares in the company, valued at $1,203,470.73. This represents a 12.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,367 shares of company stock valued at $336,021 over the last quarter. 2.30% of the stock is owned by insiders.

NETGEAR Price Performance

Shares of NASDAQ:NTGR traded down $0.05 during midday trading on Monday, hitting $30.17. The company had a trading volume of 455,959 shares, compared to its average volume of 354,605. The business's 50-day simple moving average is $26.17 and its 200-day simple moving average is $26.21. The stock has a market cap of $868.35 million, a price-to-earnings ratio of 75.43 and a beta of 1.14. NETGEAR, Inc. has a twelve month low of $13.79 and a twelve month high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.37. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The firm had revenue of $162.06 million during the quarter, compared to analyst estimates of $152.24 million. During the same quarter in the prior year, the firm posted ($0.28) earnings per share. NETGEAR's quarterly revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current 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.