NETGEAR, Inc. (NASDAQ:NTGR) CFO Sells $92,044.16 in Stock

NETGEAR, Inc. (NASDAQ:NTGRGet Free Report) CFO Murray Bryan sold 3,848 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the sale, the chief financial officer now directly owns 193,032 shares of the company’s stock, valued at $4,617,325.44. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NETGEAR Stock Performance

Shares of NETGEAR stock traded down $0.18 on Monday, reaching $23.72. The stock had a trading volume of 240,461 shares, compared to its average volume of 299,770. The business’s 50-day moving average price is $26.73 and its two-hundred day moving average price is $23.98. NETGEAR, Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $31.55. The stock has a market cap of $684.80 million, a P/E ratio of 59.30 and a beta of 0.72.

NETGEAR (NASDAQ:NTGRGet Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NTGR has been the subject of a number of analyst reports. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Thursday. Raymond James boosted their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.

Read Our Latest Report on NTGR

Hedge Funds Weigh In On NETGEAR

Several large investors have recently bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in NETGEAR during the 4th quarter valued at $1,190,000. Public Employees Retirement System of Ohio raised its stake in NETGEAR by 27.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 52,169 shares of the communications equipment provider’s stock valued at $1,454,000 after purchasing an additional 11,259 shares during the last quarter. PharVision Advisers LLC acquired a new position in NETGEAR during the 4th quarter valued at $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in NETGEAR by 44.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,125 shares of the communications equipment provider’s stock valued at $1,815,000 after purchasing an additional 20,158 shares during the last quarter. Finally, Tenzing Global Management LLC raised its stake in NETGEAR by 64.3% during the 4th quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider’s stock valued at $8,013,000 after purchasing an additional 112,500 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

NETGEAR Company Profile

(Get 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.

Recommended Stories

Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

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.