2 weeks Ago By ABMN Staff
Brandes Investment Partners LP raised its stake in NETGEAR, Inc. ( NASDAQ:NTGR – Free Report ) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 3,896,492 shares of the communications equipment provider’s stock after buying an additional 247,162 shares during the period. Brandes Investment Partners LP owned approximately 13.39% of NETGEAR worth $59,246,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in NETGEAR by 4.
4% in the 1st quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock worth $39,642,000 after buying an additional 105,994 shares in the last quarter.
Dimensional Fund Advisors LP grew its stake in NETGEAR by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,061 shares of the communications equipment provider’s stock valued at $19,568,000 after purchasing an additional 26,519 shares in the last quarter.
Acadian Asset Management LLC increased its position in NETGEAR by 72.4% in the 1st quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock worth $9,820,000 after purchasing an additional 261,705 shares during the last quarter.
American Century Companies Inc. increased its holdings in NETGEAR by 137.3% in the second quarter.
American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock worth $5,415,000 after buying an additional 204,734 shares during the last quarter. Finally, Donald Smith & CO.
Inc. raised its stake in shares of NETGEAR by 11.9% in the 2nd quarter.
Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock valued at $5,038,000 after acquiring an additional 35,100 shares in the last quarter.
82.97% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Separately, StockNews.
com cut shares of NETGEAR from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. NETGEAR Stock Down 0.3 % NASDAQ:NTGR opened at $19.
86 on Monday. NETGEAR, Inc. has a 12-month low of $10.
40 and a 12-month high of $22.62. The firm has a market capitalization of $577.
93 million, a PE ratio of -5.16 and a beta of 0.82.
The firm has a 50-day moving average price of $16.89 and a 200 day moving average price of $15.22.
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, hitting the consensus estimate of ($0.
94). The company had revenue of $143.90 million during the quarter, compared to analyst estimates of $132.
69 million. NETGEAR had a negative net margin of 21.62% and a negative return on equity of 7.
52%. On average, research analysts expect that NETGEAR, Inc. will post -2.
11 EPS for the current year. Insiders Place Their Bets In other NETGEAR news, Director Thomas H. Waechter sold 2,500 shares of the 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 sale, the director now owns 65,318 shares of the company’s stock, valued at approximately $1,306,360. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Insiders own 7.
00% of the company’s stock. 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 Articles Receive News & Ratings for NETGEAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR and related companies with MarketBeat.com's FREE daily email newsletter .
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