Northwest & Ethical Investments L.P. Purchases Shares of 11,600 NETGEAR, Inc. $NTGR

Key Points

• Northwest & Ethical Investments L.P. has acquired a new stake in NETGEAR, Inc., purchasing 11,600 shares valued at approximately $283,000 during the first quarter.
• Institutional investors, including Picton Mahoney Asset Management and Barclays PLC, have significantly increased their positions in NETGEAR, with Picton Mahoney lifting its stake by 4,835.7%.
• NETGEAR reported earnings of $0.06 per share for the last quarter, exceeding analyst expectations, while revenue increased by 18.5% year-over-year.

Northwest & Ethical Investments L.P. purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,600 shares of the communications equipment provider's stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NTGR. Picton Mahoney Asset Management lifted its position in NETGEAR by 4,835.7% during the first quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider's stock valued at $3,983,000 after buying an additional 159,578 shares in the last quarter. Barclays PLC raised its stake in shares of NETGEAR by 343.1% during the fourth quarter. Barclays PLC now owns 192,226 shares of the communications equipment provider's stock valued at $5,357,000 after purchasing an additional 148,841 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of NETGEAR by 47.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock valued at $11,319,000 after purchasing an additional 131,243 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of NETGEAR by 143.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 193,778 shares of the communications equipment provider's stock valued at $4,740,000 after purchasing an additional 114,085 shares during the period. Finally, Tenzing Global Management LLC raised its stake in shares of NETGEAR by 64.3% during the fourth quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider's stock valued at $8,013,000 after purchasing an additional 112,500 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

NETGEAR Stock Up 0.0%

NTGR opened at $25.00 on Thursday. The firm's 50 day moving average is $26.95 and its 200-day moving average is $26.44. The firm has a market capitalization of $725.25 million, a P/E ratio of 11.57 and a beta of 1.07. NETGEAR, Inc. has a 52-week low of $15.35 and a 52-week high of $31.55.

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, topping analysts' consensus estimates of ($0.16) by $0.22. The business had revenue of $170.53 million during the quarter, compared to analyst estimates of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The business's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. Equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Laura Durr sold 4,387 shares of NETGEAR stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.39, for a total value of $124,546.93. Following the completion of the sale, the director owned 45,059 shares in the company, valued at approximately $1,279,225.01. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction 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 sale, the director owned 41,657 shares of the company's stock, 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. Over the last quarter, insiders sold 17,000 shares of company stock worth $490,401. Insiders own 2.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $29.00.

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.

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