NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,885 shares of the communications equipment provider’s stock after selling 5,095 shares during the period. Los Angeles Capital Management LLC owned about 0.30% of NETGEAR worth $2,366,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Ieq Capital LLC increased its position in NETGEAR by 73.8% in the fourth quarter. Ieq Capital LLC now owns 29,443 shares of the communications equipment provider’s stock worth $821,000 after buying an additional 12,506 shares during the period. New York State Common Retirement Fund increased its holdings in shares of NETGEAR by 49.3% in the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider’s stock worth $211,000 after acquiring an additional 2,500 shares during the period. Nkcfo LLC bought a new stake in NETGEAR in the 4th quarter valued at about $279,000. Rhumbline Advisers boosted its stake in NETGEAR by 32.0% during the 4th quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider’s stock valued at $1,946,000 after purchasing an additional 16,920 shares during the period. Finally, New York State Teachers Retirement System bought a new position in NETGEAR in the 4th quarter worth about $72,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Raymond James boosted their price objective on NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.

NETGEAR Price Performance

Shares of NTGR stock opened at $25.92 on Friday. NETGEAR, Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The stock’s 50-day moving average is $27.57 and its two-hundred day moving average is $23.22. The firm has a market cap of $748.28 million, a P/E ratio of 64.80 and a beta of 0.83.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting analysts’ consensus estimates of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. As a group, research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insider Activity at NETGEAR

In related news, CEO Charles J. Prober sold 10,929 shares of the firm’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 transaction of $291,148.56. Following the completion of the transaction, the chief executive officer now owns 507,763 shares in the company, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas H. Waechter sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the sale, the director now owns 61,135 shares in the company, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

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.