NetGear, Inc. (NTGR) Position Trimmed by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lowered its stake in NetGear, Inc. (NASDAQ:NTGR) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,732,884 shares of the communications equipment provider’s stock after selling 31,718 shares during the period. Dimensional Fund Advisors LP owned 8.68% of NetGear worth $130,085,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in NTGR. Victory Capital Management Inc. boosted its holdings 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 acquiring an additional 482 shares in the last quarter. Amalgamated Bank bought a new stake in NetGear in the third quarter valued at $207,000. M&T Bank Corp boosted its holdings in NetGear by 31.5% in the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock valued at $234,000 after acquiring an additional 1,300 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in NetGear by 12.4% in the second quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock valued at $260,000 after acquiring an additional 668 shares in the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in NetGear in the third quarter valued at $286,000. Institutional investors and hedge funds own 97.52% of the company’s stock.
NetGear, Inc. (NTGR) opened at $55.35 on Friday. The company has a market capitalization of $1,780.00, a price-to-earnings ratio of 21.71 and a beta of 1.52. NetGear, Inc. has a 52-week low of $41.50 and a 52-week high of $58.50.
Several analysts recently weighed in on NTGR shares. BWS Financial upgraded shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, October 9th. Zacks Investment Research lowered NetGear from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Finally, BidaskClub raised NetGear from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. NetGear currently has an average rating of “Hold” and an average price target of $62.75.
In other NetGear news, SVP Tamesa Rogers sold 1,500 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $45.40, for a total transaction of $68,100.00. Following the completion of the transaction, the senior vice president now owns 23,781 shares of the company’s stock, valued at $1,079,657.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Patrick Cs Lo sold 19,799 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $47.63, for a total value of $943,026.37. Following the transaction, the chairman now directly owns 183,125 shares of the company’s stock, valued at approximately $8,722,243.75. The disclosure for this sale can be found here. Insiders have sold 99,888 shares of company stock valued at $4,866,581 in the last three months. Insiders own 6.20% of the company’s stock.
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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