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Public Employees Retirement System of Ohio Has $1.45 Million Stock Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

NETGEAR logo with Computer and Technology background

Public Employees Retirement System of Ohio lifted its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,169 shares of the communications equipment provider's stock after purchasing an additional 11,259 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of NETGEAR worth $1,454,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NTGR. Arrowstreet Capital Limited Partnership boosted its position in shares of NETGEAR by 126.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after purchasing an additional 376,974 shares in the last quarter. Portolan Capital Management LLC bought a new stake in NETGEAR in the 4th quarter valued at $5,357,000. American Century Companies Inc. lifted its position in NETGEAR by 31.6% in the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock valued at $21,473,000 after acquiring an additional 184,863 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in NETGEAR in the 4th quarter valued at $4,449,000. Finally, Barclays PLC lifted its position in NETGEAR by 343.1% in the 4th quarter. Barclays PLC now owns 192,226 shares of the communications equipment provider's stock valued at $5,357,000 after acquiring an additional 148,841 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Raymond James boosted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 6th. Wall Street Zen raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

View Our Latest Stock Report on NETGEAR

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 2,671 shares of NETGEAR stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $28.09, for a total value of $75,028.39. Following the sale, the chief financial officer now directly owns 178,945 shares in the company, valued at approximately $5,026,565.05. The trade was a 1.47% decrease in their position. 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 shares were sold at an average price of $28.89, for a total transaction of $168,948.72. Following the completion of the sale, the director now owns 41,657 shares in the company, valued at $1,203,470.73. The trade was a 12.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,367 shares of company stock worth $336,021. Insiders own 2.30% of the company's stock.

NETGEAR Stock Up 0.2%

NTGR traded up $0.06 during trading on Friday, hitting $30.22. The company had a trading volume of 206,319 shares, compared to its average volume of 353,582. The company has a market capitalization of $869.79 million, a PE ratio of 75.55 and a beta of 1.14. NETGEAR, Inc. has a one year low of $13.79 and a one year high of $31.55. The firm's 50-day moving average price is $26.06 and its 200 day moving average price is $26.13.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $152.24 million. During the same period in the previous year, the business earned ($0.28) EPS. The company's revenue was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

About NETGEAR

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

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