Tenzing Global Management LLC Has $14.06 Million Stock Position in NETGEAR, Inc. $NTGR

Key Points

• Tenzing Global Management LLC has raised its stake in NETGEAR, Inc. by 100% in the first quarter, now holding a total of 575,000 shares worth approximately $14 million, which represents 10.2% of its portfolio.
• In the latest earnings report, NETGEAR exceeded expectations with $0.06 EPS and reported $170.53 million in revenue, a notable increase of 18.5% from the previous year.
• Currently, NETGEAR's stock has a market cap of $810.83 million and has experienced a price fluctuation between a 52-week low of $15.40 and a high of $31.55.

Tenzing Global Management LLC lifted its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,000 shares of the communications equipment provider's stock after purchasing an additional 287,500 shares during the period. NETGEAR comprises 10.2% of Tenzing Global Management LLC's investment portfolio, making the stock its 3rd largest holding. Tenzing Global Management LLC owned approximately 2.00% of NETGEAR worth $14,064,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of NETGEAR by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider's stock worth $61,532,000 after purchasing an additional 23,488 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of NETGEAR by 13.5% during the first quarter. American Century Companies Inc. now owns 874,339 shares of the communications equipment provider's stock worth $21,386,000 after purchasing an additional 103,875 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of NETGEAR by 22.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock worth $14,123,000 after purchasing an additional 93,737 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of NETGEAR by 9.9% during the first quarter. Bridgeway Capital Management LLC now owns 446,169 shares of the communications equipment provider's stock worth $10,913,000 after purchasing an additional 40,050 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of NETGEAR by 12.7% during the first quarter. AQR Capital Management LLC now owns 315,951 shares of the communications equipment provider's stock worth $7,728,000 after purchasing an additional 35,566 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Stock Down 1.7%

NTGR traded down $0.51 during trading on Friday, hitting $28.52. The company's stock had a trading volume of 102,114 shares, compared to its average volume of 425,711. NETGEAR, Inc. has a twelve month low of $18.75 and a twelve month high of $31.55. The stock's fifty day moving average price is $26.71 and its 200-day moving average price is $26.35. The firm has a market capitalization of $827.45 million, a P/E ratio of 13.18 and a beta of 1.07.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The firm had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. During the same period in the previous year, the firm earned ($0.74) earnings per share. The company's revenue was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. Equities research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NTGR shares. Wall Street Zen cut NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. UBS Group set a $35.00 price objective on NETGEAR in a research note on Thursday, August 21st. Finally, Stifel Nicolaus initiated coverage on NETGEAR in a research note on Friday, August 22nd. They issued a "buy" rating and a $35.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $33.00.

Insider Transactions at NETGEAR

In other NETGEAR news, Director Shravan Goli sold 11,757 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $26.11, for a total value of $306,975.27. Following the transaction, the director directly owned 31,285 shares of the company's stock, valued at approximately $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company's stock.

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.