Graham Capital Management L.P. Acquires New Position in NETGEAR, Inc. (NASDAQ:NTGR)

Graham Capital Management L.P. acquired a new stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,241 shares of the communications equipment provider's stock, valued at approximately $564,000. Graham Capital Management L.P. owned approximately 0.07% of NETGEAR at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP purchased a new stake in NETGEAR during the fourth quarter worth about $384,000. Bridgeway Capital Management LLC grew its holdings 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 acquiring an additional 131,243 shares during the period. Caxton Associates LP purchased a new position in NETGEAR in the 4th quarter valued at approximately $991,000. BNP Paribas Financial Markets raised its holdings in NETGEAR by 156.6% during the fourth quarter. BNP Paribas Financial Markets now owns 19,871 shares of the communications equipment provider's stock worth $554,000 after purchasing an additional 12,127 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in NETGEAR by 30.7% during the fourth quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider's stock worth $3,248,000 after purchasing an additional 27,379 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling at NETGEAR

In related news, CFO Murray Bryan sold 3,848 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total value of $92,044.16. Following the sale, the chief financial officer now directly owns 193,032 shares of the company's stock, valued at $4,617,325.44. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles J. Prober sold 10,929 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,448 shares of company stock valued at $458,221 in the last ninety days. Insiders own 7.00% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on NTGR shares. StockNews.com raised NETGEAR from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Raymond James increased their price target on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 6th.

NETGEAR Trading Up 0.8%

NTGR stock opened at $29.34 on Friday. The stock has a 50-day moving average price of $24.36 and a two-hundred day moving average price of $25.45. The company has a market cap of $844.46 million, a PE ratio of 73.35 and a beta of 1.09. NETGEAR, Inc. has a 12-month low of $12.39 and a 12-month high of $31.55.

NETGEAR (NASDAQ:NTGR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.37. The business had revenue of $162.06 million for the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The business's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) EPS. Equities analysts forecast that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

About NETGEAR

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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