NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP cut its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,784 shares of the communications equipment provider's stock after selling 93,328 shares during the quarter. Two Sigma Investments LP owned approximately 0.21% of NETGEAR worth $1,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew 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 worth $37,132,000 after purchasing an additional 44,752 shares in the last quarter. American Century Companies Inc. raised its position in NETGEAR by 31.6% during 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 purchasing an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NETGEAR by 126.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after buying an additional 376,974 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of NETGEAR by 22.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock worth $14,123,000 after buying an additional 93,737 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its position in shares of NETGEAR by 47.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock worth $11,319,000 after buying an additional 131,243 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

NETGEAR Stock Up 0.2%

Shares of NASDAQ NTGR traded up $0.06 during midday trading on Friday, reaching $30.22. 206,319 shares of the company's stock traded hands, compared to its average volume of 353,582. The company has a market cap of $869.79 million, a price-to-earnings ratio of 75.55 and a beta of 1.14. The stock's 50 day simple moving average is $26.06 and its 200-day simple moving average is $26.13. NETGEAR, Inc. has a one year low of $13.79 and a one year high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its 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 negative return on equity of 9.24% and a net margin of 1.83%. The business had revenue of $162.06 million for the quarter, compared to analysts' expectations of $152.24 million. During the same quarter last year, the firm earned ($0.28) EPS. The business's revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $28.89, for a total value of $168,948.72. Following the transaction, the director now owns 41,657 shares of the company's stock, valued at $1,203,470.73. The trade was a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Murray Bryan sold 2,671 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $28.09, for a total transaction of $75,028.39. Following the transaction, the chief financial officer now owns 178,945 shares of the company's stock, valued at approximately $5,026,565.05. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,367 shares of company stock worth $336,021 in the last three months. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NTGR. Raymond James lifted their price objective on NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a 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.

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.