VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in NETGEAR, Inc. $NTGR

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,400 shares of the communications equipment provider's stock, valued at approximately $390,000.

A number of other hedge funds have also recently bought and sold shares of NTGR. Robeco Institutional Asset Management B.V. lifted its holdings in shares of NETGEAR by 143.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 193,778 shares of the communications equipment provider's stock worth $4,740,000 after acquiring an additional 114,085 shares during the period. Bank of New York Mellon Corp lifted its holdings in NETGEAR by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 100,562 shares of the communications equipment provider's stock valued at $2,460,000 after purchasing an additional 881 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in NETGEAR by 10.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 14,389 shares of the communications equipment provider's stock valued at $352,000 after purchasing an additional 1,331 shares during the last quarter. CWM LLC lifted its holdings in NETGEAR by 35.4% during the 1st quarter. CWM LLC now owns 2,916 shares of the communications equipment provider's stock valued at $71,000 after purchasing an additional 763 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in NETGEAR by 42.2% during the 1st quarter. Jennison Associates LLC now owns 47,934 shares of the communications equipment provider's stock valued at $1,172,000 after purchasing an additional 14,233 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insider Activity at NETGEAR

In other news, Director Shravan Goli sold 2,047 shares of NETGEAR stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $29.95, for a total transaction of $61,307.65. Following the completion of the sale, the director owned 29,238 shares in the company, valued at $875,678.10. The trade was a 6.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley Maiorino sold 13,063 shares of NETGEAR stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the sale, the director owned 56,356 shares of the company's stock, valued at approximately $1,987,112.56. This represents a 18.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,867 shares of company stock valued at $828,884. 2.30% of the stock is owned by corporate insiders.

NETGEAR Trading Up 2.5%

Shares of NASDAQ NTGR opened at $32.99 on Friday. NETGEAR, Inc. has a 1-year low of $18.75 and a 1-year high of $36.86. The company has a market cap of $957.04 million, a PE ratio of 15.27 and a beta of 1.09. The company has a 50-day moving average of $29.90 and a two-hundred day moving average of $28.05.

NETGEAR (NASDAQ:NTGR - Get Free Report) last announced its 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 net margin of 9.13% and a negative return on equity of 3.24%. The company had revenue of $170.53 million during the quarter, compared to the consensus estimate of $162.06 million. During the same period in the previous year, the firm posted ($0.74) earnings per share. The company's revenue was up 18.5% on a year-over-year basis. NETGEAR has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NTGR shares. Seaport Res Ptn raised shares of NETGEAR to a "strong-buy" rating in a report on Wednesday, October 1st. Stifel Nicolaus lifted their price target on shares of NETGEAR from $35.00 to $40.00 and gave the company a "buy" rating in a report on Friday, October 17th. Wall Street Zen downgraded shares of NETGEAR from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Zacks Research downgraded shares of NETGEAR from a "strong-buy" rating to a "hold" rating in a report on Monday, October 20th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of NETGEAR in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.67.

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.

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