NETGEAR, Inc. (NTGR) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 21.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,319 shares of the communications equipment provider’s stock after buying an additional 1,673 shares during the period. SG Americas Securities LLC’s holdings in NETGEAR were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Rhumbline Advisers increased its holdings in NETGEAR by 1.2% during the second quarter. Rhumbline Advisers now owns 67,770 shares of the communications equipment provider’s stock worth $2,921,000 after buying an additional 786 shares during the last quarter. First Mercantile Trust Co. boosted its position in NETGEAR by 12.4% during the second quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock worth $260,000 after purchasing an additional 668 shares during the period. First Trust Advisors LP boosted its position in NETGEAR by 34.5% during the second quarter. First Trust Advisors LP now owns 1,154,306 shares of the communications equipment provider’s stock worth $49,751,000 after purchasing an additional 295,823 shares during the period. Foundry Partners LLC boosted its position in NETGEAR by 122.6% during the second quarter. Foundry Partners LLC now owns 141,985 shares of the communications equipment provider’s stock worth $6,120,000 after purchasing an additional 78,200 shares during the period. Finally, Boston Partners boosted its position in NETGEAR by 3.8% during the second quarter. Boston Partners now owns 420,710 shares of the communications equipment provider’s stock worth $18,133,000 after purchasing an additional 15,373 shares during the period. Institutional investors and hedge funds own 98.85% of the company’s stock.

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In other NETGEAR news, SVP Michael A. Werdann sold 8,153 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.01, for a total value of $350,660.53. Following the completion of the transaction, the senior vice president now owns 30,092 shares in the company, valued at approximately $1,294,256.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Patrick Cs Lo sold 5,900 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $43.39, for a total value of $256,001.00. Following the completion of the transaction, the chairman now owns 179,125 shares of the company’s stock, valued at approximately $7,772,233.75. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,128 shares of company stock valued at $2,925,966. 6.20% of the stock is owned by corporate insiders.

NETGEAR, Inc. (NTGR) opened at 47.50 on Wednesday. The company has a 50-day moving average price of $46.92 and a 200-day moving average price of $47.21. The firm has a market cap of $1.50 billion, a P/E ratio of 21.80 and a beta of 1.54. NETGEAR, Inc. has a 1-year low of $41.50 and a 1-year high of $60.82.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.54 by $0.06. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The business had revenue of $330.72 million during the quarter, compared to the consensus estimate of $324.64 million. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, equities research analysts forecast that NETGEAR, Inc. will post $2.74 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of NETGEAR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Global Equities Research reaffirmed a “buy” rating and set a $85.00 price objective on shares of NETGEAR in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.97.

NETGEAR Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

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