NorthRock Partners LLC Makes New $833,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

NorthRock Partners LLC acquired a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 29,871 shares of the communications equipment provider's stock, valued at approximately $833,000. NorthRock Partners LLC owned about 0.10% of NETGEAR as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in NETGEAR by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider's stock valued at $37,132,000 after purchasing an additional 44,752 shares in the last quarter. American Century Companies Inc. increased its holdings in NETGEAR by 31.6% in the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider's stock valued at $21,473,000 after purchasing an additional 184,863 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in NETGEAR by 126.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider's stock valued at $18,818,000 after buying an additional 376,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in NETGEAR by 22.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider's stock valued at $14,123,000 after buying an additional 93,737 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in NETGEAR by 47.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider's stock valued at $11,319,000 after buying an additional 131,243 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

NETGEAR Stock Performance

Shares of NTGR stock traded up $0.87 during trading hours on Monday, hitting $31.25. 449,391 shares of the company were exchanged, compared to its average volume of 344,887. NETGEAR, Inc. has a one year low of $12.39 and a one year high of $31.55. The business's 50-day simple moving average is $24.50 and its two-hundred day simple moving average is $25.57. The stock has a market capitalization of $899.44 million, a price-to-earnings ratio of 78.13 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 EPS for the quarter, topping 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 analysts' expectations of $152.24 million. During the same quarter last year, the company posted ($0.28) earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Insider Transactions at NETGEAR

In other news, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now owns 507,763 shares of the company's stock, valued at approximately $13,526,806.32. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Murray Bryan sold 3,848 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now directly owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,448 shares of company stock valued at $458,221. Insiders own 7.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on NTGR shares. StockNews.com raised shares of NETGEAR from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. 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 report on Thursday, February 6th.

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.