Jacobs Levy Equity Management Inc. Has $14.12 Million Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Jacobs Levy Equity Management Inc. boosted its stake in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 22.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,756 shares of the communications equipment provider's stock after buying an additional 93,737 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.76% of NETGEAR worth $14,123,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. New York State Teachers Retirement System acquired a new position in shares of NETGEAR in the 4th quarter valued at $72,000. R Squared Ltd acquired a new stake in NETGEAR in the fourth quarter valued at $72,000. Summit Investment Advisors Inc. increased its stake in NETGEAR by 19.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider's stock valued at $81,000 after purchasing an additional 479 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of NETGEAR during the fourth quarter worth about $92,000. Finally, AlphaQuest LLC purchased a new position in shares of NETGEAR during the fourth quarter worth approximately $185,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

NETGEAR Stock Up 3.5%

NASDAQ:NTGR traded up $1.04 during trading hours on Friday, reaching $30.38. 814,659 shares of the stock were exchanged, compared to its average volume of 344,099. NETGEAR, Inc. has a 52 week low of $12.39 and a 52 week high of $31.55. The stock has a market capitalization of $874.40 million, a P/E ratio of 75.95 and a beta of 1.09. The firm has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $25.45.

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

Wall Street Analyst Weigh In

NTGR has been the topic of several recent analyst reports. Raymond James boosted their target price on NETGEAR from $22.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

Insiders Place Their Bets

In other news, CFO Murray Bryan sold 2,671 shares of the business's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $28.09, for a total transaction of $75,028.39. Following the completion of the sale, the chief financial officer now owns 178,945 shares in the company, valued at $5,026,565.05. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR 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 sale, the chief executive officer now directly owns 507,763 shares of the company's stock, valued at $13,526,806.32. This represents a 2.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,448 shares of company stock valued at $458,221 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

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.