NETGEAR, Inc. (NASDAQ:NTGR) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 138,779 shares of the communications equipment provider's stock after purchasing an additional 14,777 shares during the period. Invesco Ltd. owned about 0.48% of NETGEAR worth $3,868,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of NTGR. American Century Companies Inc. increased its holdings in NETGEAR by 31.6% during the fourth quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock valued at $21,473,000 after buying an additional 184,863 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of NETGEAR by 126.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock worth $18,818,000 after purchasing an additional 376,974 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NETGEAR by 17.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,281 shares of the communications equipment provider's stock worth $4,746,000 after purchasing an additional 24,868 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of NETGEAR during the 4th quarter valued at $4,449,000. Finally, Trexquant Investment LP boosted its position in shares of NETGEAR by 149.5% in the 4th quarter. Trexquant Investment LP now owns 154,104 shares of the communications equipment provider's stock worth $4,295,000 after purchasing an additional 92,335 shares in the last quarter. 82.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NTGR. StockNews.com cut NETGEAR from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. Raymond James boosted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 6th.

NETGEAR Stock Up 0.6 %

Shares of NETGEAR stock traded up $0.17 on Friday, reaching $28.17. The company's stock had a trading volume of 288,823 shares, compared to its average volume of 339,847. The company has a market capitalization of $810.79 million, a P/E ratio of 70.44 and a beta of 1.03. The stock has a 50-day moving average price of $23.58 and a 200-day moving average price of $24.91. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55.

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

Insider Transactions at NETGEAR

In other news, CEO Charles J. Prober sold 10,929 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the sale, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction on Friday, March 14th. The stock was sold at an average price of $23.92, for a total value of $92,044.16. Following the transaction, the chief financial officer now owns 193,032 shares in the company, valued at approximately $4,617,325.44. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

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.