Group One Trading L.P. lowered its holdings in NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) by 69.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,492 shares of the communications equipment provider’s stock after selling 3,382 shares during the quarter. Group One Trading L.P.’s holdings in NETGEAR were worth $27,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in NTGR. BlackRock Inc. increased its holdings in shares of NETGEAR by 3.0% in the 1st quarter. BlackRock Inc. now owns 5,588,137 shares of the communications equipment provider’s stock valued at $137,917,000 after acquiring an additional 165,385 shares during the last quarter. Vanguard Group Inc. grew its stake in NETGEAR by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,300,485 shares of the communications equipment provider’s stock worth $66,142,000 after buying an additional 122,759 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NETGEAR by 79.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 238,752 shares of the communications equipment provider’s stock worth $4,421,000 after buying an additional 105,426 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in NETGEAR by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,410 shares of the communications equipment provider’s stock worth $41,226,000 after buying an additional 73,225 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in NETGEAR by 258.5% during the 3rd quarter. Two Sigma Advisers LP now owns 96,800 shares of the communications equipment provider’s stock worth $1,940,000 after buying an additional 69,800 shares during the last quarter. Hedge funds and other institutional investors own 85.22% of the company’s stock.
Insiders Place Their Bets
In other NETGEAR news, SVP Michael A. Werdann sold 6,229 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $13.74, for a total transaction of $85,586.46. Following the completion of the sale, the senior vice president now directly owns 58,417 shares of the company’s stock, valued at approximately $802,649.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NETGEAR news, SVP Michael A. Werdann sold 6,229 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $13.74, for a total transaction of $85,586.46. Following the completion of the sale, the senior vice president now directly owns 58,417 shares of the company’s stock, valued at approximately $802,649.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Heidi Cormack sold 4,688 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $13.97, for a total value of $65,491.36. Following the sale, the senior vice president now directly owns 66,109 shares of the company’s stock, valued at $923,542.73. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,624 shares of company stock valued at $188,326. 5.10% of the stock is owned by company insiders.
NETGEAR Stock Performance
Analysts Set New Price Targets
Separately, StockNews.com initiated coverage on NETGEAR in a research note on Thursday, May 18th. They set a “hold” rating on the stock.
NETGEAR Profile
NETGEAR, Inc engages in the provision of Internet connected products to consumers, businesses, and service providers. It operates through the following segments: Connected Home, and Small & Medium Business. The Connected Home segment focuses on consumers and consists of high-performance, dependable and easy-to-use WiFi Internet networking solutions such as WiFi mesh systems, routers, 4G/5G mobile products, smart devices such as Meural digital canvasses, and services offering consumers a range of parental controls and cyber security for their home networks.
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