Russell Investments Group Ltd. Has $1.71 Million Stake in NETGEAR, Inc. $NTGR

Key Points

• Russell Investments Group Ltd. increased its holdings in NETGEAR, Inc. by 138.8% during the 1st quarter, now owning approximately $1.7 million worth of the company's stock.
• Several other institutional investors also boosted their positions in NETGEAR, contributing to a total of over 82.97% ownership by hedge funds and institutional investors.
• NETGEAR recently reported quarterly earnings with a net revenue increase of 18.5%, surpassing analyst expectations, yet analysts have varied opinions on the stock's future ratings and price targets.

Russell Investments Group Ltd. grew its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 138.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,333 shares of the communications equipment provider's stock after acquiring an additional 40,294 shares during the quarter. Russell Investments Group Ltd. owned about 0.24% of NETGEAR worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in 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 period. Dimensional Fund Advisors LP boosted its stake in NETGEAR by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock valued at $37,132,000 after acquiring an additional 44,752 shares during the last quarter. Jacobs Levy Equity Management Inc. increased 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 period. Bridgeway Capital Management LLC lifted its position in shares of NETGEAR by 47.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock worth $11,319,000 after purchasing an additional 131,243 shares during the period. Finally, Tenzing Global Management LLC grew its stake in NETGEAR by 64.3% in the 4th 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 currently owned by hedge funds and other institutional investors.

Insider Transactions at NETGEAR

In related news, Director Shravan Goli sold 11,757 shares of NETGEAR stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27. Following the sale, the director directly owned 31,285 shares in the company, valued at $816,851.35. The trade was a 27.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura Durr sold 4,388 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.50, for a total transaction of $129,446.00. Following the completion of the sale, the director owned 49,446 shares in the company, valued at $1,458,657. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,909 shares of company stock valued at $628,427. Insiders own 2.30% of the company's stock.

Analyst Upgrades and Downgrades

NTGR has been the topic of several research analyst reports. Stifel Nicolaus assumed coverage on shares of NETGEAR in a research note on Friday, August 22nd. They issued a "buy" rating and a $35.00 price target on the stock. UBS Group set a $35.00 price target on shares of NETGEAR in a research note on Thursday, August 21st. Finally, Wall Street Zen cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $33.00.

NETGEAR Stock Up 1.5%

Shares of NASDAQ NTGR traded up $0.40 during midday trading on Monday, hitting $27.17. The company had a trading volume of 490,852 shares, compared to its average volume of 510,366. The firm has a market capitalization of $788.17 million, a price-to-earnings ratio of 12.58 and a beta of 1.07. The business has a 50-day simple moving average of $26.87 and a two-hundred day simple moving average of $26.29. NETGEAR, Inc. has a twelve month low of $15.40 and a twelve month 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 for the quarter, topping analysts' consensus estimates of ($0.16) by $0.22. NETGEAR had a negative return on equity of 3.24% and a net margin of 9.13%.The company had revenue of $170.53 million for the quarter, compared to analyst estimates of $162.06 million. During the same quarter in the prior year, the company posted ($0.74) EPS. The business's revenue for the quarter was up 18.5% compared to the same quarter last year. NETGEAR has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current year.

NETGEAR Company 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.