Universal Beteiligungs und Servicegesellschaft mbH Purchases New Stake in NETGEAR, Inc. (NASDAQ:NTGR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new $264,000 position in NETGEAR, buying 10,790 shares in the 1st quarter.
• Institutional investors now hold 82.97% of NETGEAR's stock, with several firms increasing their stakes significantly during the fourth quarter.
• NETGEAR reported earnings that exceeded consensus estimates, with revenues up 18.5% year-over-year, signaling positive financial momentum for the company.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,790 shares of the communications equipment provider's stock, valued at approximately $264,000.

A number of other large investors also recently bought and sold shares of NTGR. CWM LLC increased its position in NETGEAR by 35.4% during the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock worth $71,000 after purchasing an additional 763 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in NETGEAR by 19.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock worth $81,000 after buying an additional 479 shares during the period. ProShare Advisors LLC acquired a new stake in shares of NETGEAR in the fourth quarter worth $219,000. PharVision Advisers LLC purchased a new position in shares of NETGEAR in the 4th quarter valued at $227,000. Finally, Voya Investment Management LLC purchased a new position in shares of NETGEAR in the 4th quarter valued at $245,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Stock Performance

Shares of NTGR stock traded up $0.35 during trading hours on Friday, reaching $25.08. The company had a trading volume of 206,622 shares, compared to its average volume of 434,412. The company has a market capitalization of $727.57 million, a P/E ratio of 11.61 and a beta of 1.07. NETGEAR, Inc. has a twelve month low of $14.86 and a twelve month high of $31.55. The stock's fifty day simple moving average is $27.85 and its 200 day simple moving average is $26.60.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.22. The company had revenue of $170.53 million during the quarter, compared to the consensus estimate of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. NETGEAR's revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.74) earnings per share. As a group, equities analysts expect that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Insider Activity at NETGEAR

In other news, VP Graeme Mclindin sold 2,377 shares of NETGEAR stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.38, for a total transaction of $67,459.26. Following the sale, the vice president directly owned 61,208 shares of the company's stock, valued at approximately $1,737,083.04. The trade was a 3.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Butterfass sold 5,848 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.89, for a total value of $168,948.72. Following the completion of the transaction, the director owned 41,657 shares in the company, 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. In the last three months, insiders sold 17,000 shares of company stock valued at $490,401. Corporate insiders own 2.30% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

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.