NetGear, Inc. (NASDAQ:NTGR) SVP Tamesa Rogers sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $55.37, for a total transaction of $110,740.00. Following the sale, the senior vice president now owns 32,102 shares in the company, valued at $1,777,487.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NTGR traded up $1.05 during mid-day trading on Friday, hitting $56.68. 207,951 shares of the company’s stock were exchanged, compared to its average volume of 292,631. The stock has a market capitalization of $1.76 billion, a P/E ratio of 27.20 and a beta of 2.11. NetGear, Inc. has a 52 week low of $44.45 and a 52 week high of $78.30.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vident Investment Advisory LLC grew its stake in shares of NetGear by 1.5% during the 2nd quarter. Vident Investment Advisory LLC now owns 49,908 shares of the communications equipment provider’s stock worth $3,119,000 after acquiring an additional 747 shares in the last quarter. Xact Kapitalforvaltning AB grew its stake in shares of NetGear by 23.5% in the first quarter. Xact Kapitalforvaltning AB now owns 4,730 shares of the communications equipment provider’s stock valued at $271,000 after buying an additional 900 shares in the last quarter. US Bancorp DE grew its stake in shares of NetGear by 5.9% in the second quarter. US Bancorp DE now owns 17,994 shares of the communications equipment provider’s stock valued at $1,124,000 after buying an additional 1,008 shares in the last quarter. Legal & General Group Plc grew its stake in shares of NetGear by 1.6% in the first quarter. Legal & General Group Plc now owns 64,268 shares of the communications equipment provider’s stock valued at $3,653,000 after buying an additional 1,040 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of NetGear by 38.3% in the first quarter. LPL Financial LLC now owns 6,889 shares of the communications equipment provider’s stock valued at $394,000 after buying an additional 1,906 shares in the last quarter. 99.87% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on NTGR shares. Guggenheim reaffirmed a “buy” rating on shares of NetGear in a research note on Tuesday, August 28th. Raymond James set a $80.00 price target on shares of NetGear and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Cowen started coverage on shares of NetGear in a research note on Monday, October 1st. They set a “hold” rating and a $63.00 price target for the company. TheStreet cut shares of NetGear from a “b-” rating to a “c+” rating in a research note on Monday, August 13th. Finally, BidaskClub cut shares of NetGear from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $70.40.
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
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