Nuveen Asset Management LLC Purchases 24,487 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Nuveen Asset Management LLC grew its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 27.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,356 shares of the communications equipment provider's stock after acquiring an additional 24,487 shares during the quarter. Nuveen Asset Management LLC owned 0.39% of NETGEAR worth $3,159,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in NETGEAR in the 4th quarter worth about $375,000. Robeco Institutional Asset Management B.V. raised its holdings in NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock worth $2,221,000 after buying an additional 59,005 shares during the last quarter. Jennison Associates LLC bought a new position in shares of NETGEAR in the fourth quarter worth approximately $939,000. Empowered Funds LLC lifted its stake in shares of NETGEAR by 5.1% in the fourth quarter. Empowered Funds LLC now owns 149,219 shares of the communications equipment provider's stock worth $4,159,000 after buying an additional 7,243 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of NETGEAR during the fourth quarter valued at approximately $266,000. 82.97% of the stock is owned by institutional investors.

NETGEAR Trading Up 3.5%

NASDAQ:NTGR traded up $1.03 during mid-day trading on Tuesday, reaching $30.15. The company's stock had a trading volume of 709,883 shares, compared to its average volume of 352,011. NETGEAR, Inc. has a 12-month low of $13.22 and a 12-month high of $31.55. The stock has a market cap of $867.78 million, a P/E ratio of 75.38 and a beta of 1.09. The firm's fifty day moving average price is $25.73 and its two-hundred day moving average price is $26.04.

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

Analysts Set New Price Targets

NTGR has been the subject of a number of recent analyst reports. Raymond James boosted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Wall Street Zen raised NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

Insider Transactions at NETGEAR

In other news, Director Sarah Butterfass sold 5,848 shares of the business's 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 transaction, the director now owns 41,657 shares of the company's stock, valued at approximately $1,203,470.73. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Murray Bryan sold 3,848 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer now owns 193,032 shares of the company's stock, valued at $4,617,325.44. This trade represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,367 shares of company stock valued at $336,021. 7.00% of the stock is currently owned by corporate insiders.

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.