Insider Selling: NETGEAR, Inc. (NASDAQ:NTGR) Director Sells 5,848 Shares of Stock

NETGEAR, Inc. (NASDAQ:NTGR - Get Free Report) Director Sarah Butterfass sold 5,848 shares of the firm'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 sale, the director now directly owns 41,657 shares in the company, valued at approximately $1,203,470.73. This trade represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NETGEAR Stock Up 0.2%

Shares of NETGEAR stock traded up $0.06 on Friday, reaching $30.22. The company's stock had a trading volume of 206,319 shares, compared to its average volume of 353,582. The company has a market capitalization of $869.79 million, a P/E ratio of 75.55 and a beta of 1.14. NETGEAR, Inc. has a 52-week low of $13.79 and a 52-week high of $31.55. The stock has a 50-day moving average price of $26.06 and a 200-day moving average price of $26.13.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on NTGR shares. Raymond James raised their target price on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, February 6th. Wall Street Zen upgraded NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

Institutional Trading of NETGEAR

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its stake in shares of NETGEAR by 29.3% in the fourth quarter. Hsbc Holdings PLC now owns 73,209 shares of the communications equipment provider's stock worth $2,012,000 after acquiring an additional 16,588 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of NETGEAR by 32.0% in the fourth quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider's stock worth $1,946,000 after acquiring an additional 16,920 shares during the last quarter. Bailard Inc. acquired a new stake in shares of NETGEAR in the fourth quarter worth approximately $362,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of NETGEAR by 285.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider's stock worth $2,221,000 after acquiring an additional 59,005 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake 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 worth $3,248,000 after acquiring an additional 27,379 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

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.