UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 20,158 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 44.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,125 shares of the communications equipment provider's stock after purchasing an additional 20,158 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of NETGEAR worth $1,815,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NTGR. New York State Teachers Retirement System acquired a new position in NETGEAR in the fourth quarter valued at $72,000. Summit Investment Advisors Inc. raised its stake in shares of NETGEAR by 19.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock worth $81,000 after purchasing an additional 479 shares during the period. Picton Mahoney Asset Management bought a new stake in NETGEAR in the 4th quarter valued at about $92,000. AlphaQuest LLC bought a new stake in NETGEAR in the 4th quarter valued at about $185,000. Finally, New York State Common Retirement Fund raised its stake in NETGEAR by 49.3% in the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider's stock valued at $211,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 82.97% of the company's stock.

NETGEAR Stock Performance

NASDAQ:NTGR traded down $0.64 during mid-day trading on Wednesday, hitting $29.83. 629,659 shares of the company's stock traded hands, compared to its average volume of 356,364. The company has a fifty day moving average of $26.65 and a 200 day moving average of $26.30. The company has a market capitalization of $858.57 million, a P/E ratio of 74.58 and a beta of 1.14. NETGEAR, Inc. has a twelve month low of $13.96 and a twelve month high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted 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 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%. The company'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 earned ($0.28) earnings per share. On average, research analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Insider Transactions at NETGEAR

In other news, CFO Murray Bryan sold 3,848 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the transaction, the chief financial officer now owns 193,032 shares of the company's stock, valued at approximately $4,617,325.44. This trade represents a 1.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $28.89, for a total transaction of $168,948.72. Following the completion of the transaction, the director now owns 41,657 shares in the company, valued at approximately $1,203,470.73. This trade represents a 12.31% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,367 shares of company stock valued at $336,021. Corporate insiders own 2.30% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

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.