Ameriprise Financial Inc. trimmed its stake in NetGear, Inc. (NASDAQ:NTGR) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 226,576 shares of the communications equipment provider’s stock after selling 2,108 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.72% of NetGear worth $10,785,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NTGR. Victory Capital Management Inc. lifted its stake in NetGear by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock valued at $138,000 after buying an additional 482 shares during the last quarter. M&T Bank Corp raised its stake in shares of NetGear by 31.5% during the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock valued at $234,000 after purchasing an additional 1,300 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of NetGear during the third quarter valued at about $286,000. Crossmark Global Holdings Inc. bought a new stake in shares of NetGear during the third quarter valued at about $301,000. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of NetGear during the second quarter valued at about $302,000. Institutional investors own 97.52% of the company’s stock.

A number of brokerages recently weighed in on NTGR. BidaskClub upgraded shares of NetGear from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. BWS Financial upgraded shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, October 9th. Zacks Investment Research cut shares of NetGear from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Finally, Raymond James Financial upgraded shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.60.

In related news, insider Mark G. Merrill sold 3,000 shares of NetGear stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $54.05, for a total transaction of $162,150.00. Following the transaction, the insider now directly owns 30,659 shares of the company’s stock, valued at $1,657,118.95. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jef Graham bought 500 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $54.05 per share, for a total transaction of $27,025.00. Following the completion of the acquisition, the director now owns 5,183 shares of the company’s stock, valued at $280,141.15. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 102,888 shares of company stock worth $5,028,731. 6.20% of the stock is owned by corporate insiders.

Shares of NetGear, Inc. (NTGR) opened at $60.10 on Wednesday. NetGear, Inc. has a one year low of $41.50 and a one year high of $61.35. The firm has a market cap of $1,741.86, a PE ratio of 22.23 and a beta of 1.52.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $355.48 million for the quarter, compared to analysts’ expectations of $349.36 million. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 earnings per share. sell-side analysts forecast that NetGear, Inc. will post 2.24 EPS for the current fiscal year.

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NetGear Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

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Institutional Ownership by Quarter for NetGear (NASDAQ:NTGR)

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