Barclays PLC Boosts Stake in NETGEAR, Inc. (NASDAQ:NTGR)

Barclays PLC grew its position in NETGEAR, Inc. (NASDAQ:NTGR - Free Report) by 343.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,226 shares of the communications equipment provider's stock after purchasing an additional 148,841 shares during the quarter. Barclays PLC owned approximately 0.67% of NETGEAR worth $5,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NTGR. R Squared Ltd purchased a new stake in NETGEAR during the 4th quarter worth about $72,000. New York State Teachers Retirement System acquired a new position in NETGEAR in the fourth quarter valued at approximately $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 acquired a new stake in NETGEAR during the fourth quarter worth approximately $92,000. Finally, AlphaQuest LLC purchased a new stake in shares of NETGEAR during the 4th quarter worth approximately $185,000. Institutional investors and hedge funds own 82.97% of the company's stock.

Insider Buying and Selling at NETGEAR

In related 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 sale, the chief executive officer now owns 507,763 shares in the company, valued at $13,526,806.32. This represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 193,032 shares of the company's stock, valued at $4,617,325.44. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Raymond James upped their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. StockNews.com lowered shares of NETGEAR from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

NETGEAR Price Performance

Shares of NTGR stock traded up $2.86 during midday trading on Thursday, hitting $26.98. The company had a trading volume of 539,668 shares, compared to its average volume of 336,603. The company's 50 day simple moving average is $23.53 and its 200 day simple moving average is $24.86. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $31.55. The stock has a market cap of $776.39 million, a price-to-earnings ratio of 68.73 and a beta of 1.03.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued 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. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The business had revenue of $162.06 million for the quarter, compared to the consensus estimate of $152.24 million. During the same quarter in the previous year, the firm earned ($0.28) earnings per share. The business's quarterly revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current 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.