1 day Ago By Defense World Staff
Bank of New York Mellon Corp boosted its stake in NETGEAR, Inc. ( NASDAQ:NTGR – Free Report ) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 123,410 shares of the communications equipment provider’s stock after purchasing an additional 8,050 shares during the period. Bank of New York Mellon Corp owned about 0.42% of NETGEAR worth $1,888,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTGR. Acadian Asset Management LLC increased its stake in shares of NETGEAR by 72.4% during the first quarter.
Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after buying an additional 261,705 shares during the period. Vanguard Group Inc. boosted its holdings in shares of NETGEAR by 4.
4% during the 1st quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock valued at $39,642,000 after buying an additional 105,994 shares in the last quarter.
Mizuho Markets Americas LLC bought a new stake in shares of NETGEAR during the 1st quarter valued at $1,055,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of NETGEAR during the fourth quarter valued at approximately $968,000. Finally, Charles Schwab Investment Management Inc.
boosted its holdings in NETGEAR by 9.7% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 723,246 shares of the communications equipment provider’s stock worth $10,545,000 after acquiring an additional 63,786 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In Separately, StockNews.com downgraded NETGEAR from a “buy” rating to a “hold” rating in a research note on Tuesday. Insider Buying and Selling In other NETGEAR news, Director Thomas H.
Waechter sold 2,500 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.
00. Following the transaction, the director now owns 65,318 shares of the company’s stock, valued at approximately $1,306,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website .
7.00% of the stock is owned by corporate insiders. NETGEAR Stock Performance NTGR stock opened at $20.
91 on Wednesday. The company has a market cap of $608.48 million, a price-to-earnings ratio of -5.
43 and a beta of 0.82. The business’s 50-day moving average is $16.
07 and its two-hundred day moving average is $14.90. NETGEAR, Inc.
has a fifty-two week low of $10.40 and a fifty-two week high of $22.62.
NETGEAR ( NASDAQ:NTGR – Get Free Report ) last posted its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported ($0.94) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.
94). NETGEAR had a negative return on equity of 7.52% and a negative net margin of 21.
62%. The firm had revenue of $143.90 million for the quarter, compared to analysts’ expectations of $132.
69 million. Equities analysts predict that NETGEAR, Inc. will post -2.
29 earnings per share for the current year. NETGEAR Profile ( Free Report ) 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. Featured Stories Five stocks we like better than NETGEAR 3 Stocks to Consider Buying in October Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Buy P&G Now, Before It Sets A New All-Time High Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What Does a Stock Split Mean? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding NTGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NETGEAR, Inc.
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