Netgear Inc. (NASDAQ:NTGR) SVP Michael F. Falcon sold 521 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $57.93, for a total transaction of $30,181.53. Following the sale, the senior vice president now directly owns 35,870 shares in the company, valued at $2,077,949.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Netgear Inc. (NASDAQ:NTGR) opened at 59.50 on Thursday. The firm has a 50-day moving average of $56.34 and a 200 day moving average of $46.99. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 28.31 and a beta of 1.84. Netgear Inc. has a 12-month low of $28.52 and a 12-month high of $59.75.

Netgear (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.60 by $0.12. The company earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. On average, equities research analysts expect that Netgear Inc. will post $2.95 earnings per share for the current year.

Several analysts have recently commented on the stock. Vetr raised shares of Netgear from a “hold” rating to a “buy” rating and set a $61.09 price target on the stock in a research note on Wednesday. Wunderlich increased their price target on shares of Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research raised shares of Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, August 2nd. BWS Financial increased their price target on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Rosenblatt Securities cut shares of Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price target on the stock. in a research note on Tuesday, July 12th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.34.

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Netgear by 949.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,791 shares of the company’s stock valued at $133,000 after buying an additional 2,525 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock valued at $141,000 after buying an additional 882 shares during the period. Amalgamated Bank bought a new stake in shares of Netgear during the second quarter valued at about $208,000. PineBridge Investments L.P. raised its stake in shares of Netgear by 4.3% in the second quarter. PineBridge Investments L.P. now owns 4,130 shares of the company’s stock valued at $197,000 after buying an additional 169 shares during the period. Finally, Acrospire Investment Management LLC bought a new stake in shares of Netgear during the first quarter valued at about $174,000. Institutional investors own 99.48% of the company’s stock.

About Netgear

NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.

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