Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 10,790 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 bought a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,790 shares of the communications equipment provider's stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ritholtz Wealth Management bought a new position in shares of NETGEAR in the 1st quarter valued at about $495,000. Hsbc Holdings PLC grew its holdings in NETGEAR by 29.3% during the fourth quarter. Hsbc Holdings PLC now owns 73,209 shares of the communications equipment provider's stock worth $2,012,000 after purchasing an additional 16,588 shares during the period. GAMMA Investing LLC increased its position in NETGEAR by 3,539.0% during the first quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider's stock worth $292,000 after buying an additional 11,608 shares during the last quarter. Tenzing Global Management LLC increased its position in NETGEAR by 64.3% during the fourth quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider's stock worth $8,013,000 after buying an additional 112,500 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of NETGEAR by 30.7% in the fourth quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider's stock valued at $3,248,000 after buying an additional 27,379 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

NETGEAR Trading Up 3.8%

NTGR stock traded up $0.91 during mid-day trading on Wednesday, hitting $24.85. 732,813 shares of the company were exchanged, compared to its average volume of 435,338. NETGEAR, Inc. has a 1-year low of $14.85 and a 1-year high of $31.55. The stock has a market capitalization of $720.90 million, a PE ratio of 11.50 and a beta of 1.07. The business has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $26.63.

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

Insider Buying and Selling

In related news, Director Sarah Butterfass sold 5,848 shares of the business's 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 transaction, the director owned 41,657 shares in the company, valued at $1,203,470.73. The trade was a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Graeme Mclindin sold 2,377 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.38, for a total value of $67,459.26. Following the completion of the sale, the vice president directly owned 61,208 shares of the company's stock, valued at $1,737,083.04. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,000 shares of company stock worth $490,401 in the last three months. 2.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday.

NETGEAR 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.