NETGEAR, Inc. (NASDAQ:NTGR) Position Trimmed by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd trimmed its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 35.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,240 shares of the communications equipment provider’s stock after selling 8,960 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in NETGEAR were worth $452,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Verition Fund Management LLC acquired a new position in NETGEAR in the third quarter worth approximately $348,000. Point72 Asset Management L.P. acquired a new position in shares of NETGEAR during the 3rd quarter worth $255,000. Quarry LP raised its holdings in shares of NETGEAR by 66.5% during the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after purchasing an additional 741 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of NETGEAR in the 3rd quarter valued at $540,000. Finally, Barclays PLC boosted its holdings in NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock worth $870,000 after purchasing an additional 4,125 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NETGEAR

In related news, CFO Murray Bryan sold 3,848 shares of the company’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 sale, the chief financial officer now owns 193,032 shares in the company, valued at approximately $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the completion of the sale, the chief executive officer now owns 507,763 shares of the company’s stock, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

NETGEAR Stock Performance

Shares of NASDAQ:NTGR opened at $20.21 on Wednesday. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The firm has a market cap of $583.44 million, a PE ratio of 50.53 and a beta of 1.03. The business has a fifty day moving average of $25.42 and a 200-day moving average of $24.60.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. On average, analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

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.