30,576 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Bought by Inspire Investing LLC

Inspire Investing LLC purchased a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,576 shares of the communications equipment provider’s stock, valued at approximately $852,000. Inspire Investing LLC owned approximately 0.11% of NETGEAR at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NTGR. Brandes Investment Partners LP boosted its position in shares of NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after acquiring an additional 247,162 shares in the last quarter. Renaissance Technologies LLC lifted its stake in NETGEAR by 10.6% during the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock worth $4,024,000 after purchasing an additional 25,200 shares during the period. Tenzing Global Management LLC acquired a new stake in NETGEAR during the third quarter valued at approximately $3,510,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after purchasing an additional 80,746 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of NETGEAR by 23.2% in the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock worth $2,848,000 after buying an additional 26,756 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

NETGEAR Stock Performance

NTGR opened at $28.65 on Friday. The firm has a market cap of $824.26 million, a price-to-earnings ratio of 44.08 and a beta of 0.83. The firm’s 50-day simple moving average is $26.10 and its 200-day simple moving average is $21.02. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55.

Analyst Ratings Changes

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 7.00% of the company’s stock.

NETGEAR Company 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.