Insider Selling: NETGEAR, Inc. (NTGR) Director Sells $52,000.00 in Stock

NETGEAR, Inc. (NASDAQ:NTGR) Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $52.00, for a total value of $52,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NETGEAR, Inc. (NTGR) opened at 50.75 on Friday. The firm has a 50-day moving average price of $48.41 and a 200 day moving average price of $46.51. NETGEAR, Inc. has a one year low of $41.50 and a one year high of $59.92. The stock has a market capitalization of $1.60 billion, a PE ratio of 23.29 and a beta of 1.53.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The company had revenue of $330.72 million during the quarter, compared to analysts’ expectations of $324.64 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that NETGEAR, Inc. will post $2.73 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/14/insider-selling-netgear-inc-ntgr-director-sells-52000-00-in-stock.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its holdings in shares of NETGEAR by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,631 shares of the communications equipment provider’s stock worth $1,022,000 after acquiring an additional 57 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of NETGEAR by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,140 shares of the communications equipment provider’s stock worth $453,000 after acquiring an additional 90 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NETGEAR by 0.6% in the second quarter. Jennison Associates LLC now owns 17,331 shares of the communications equipment provider’s stock worth $747,000 after acquiring an additional 97 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of NETGEAR by 0.6% in the first quarter. Arizona State Retirement System now owns 17,150 shares of the communications equipment provider’s stock worth $850,000 after acquiring an additional 100 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of NETGEAR by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 44,772 shares of the communications equipment provider’s stock worth $1,930,000 after acquiring an additional 135 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

NTGR has been the subject of several recent research reports. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. NETGEAR currently has an average rating of “Buy” and a consensus target price of $62.13.

About NETGEAR

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.

Shares of NETGEAR, Inc. (NTGR) opened at 50.75 on Friday. The firm has a 50-day moving average price of $48.41 and a 200 day moving average price of $46.51. NETGEAR, Inc. has a one year low of $41.50 and a one year high of $59.92. The stock has a market capitalization of $1.60 billion, a PE ratio of 23.29 and a beta of 1.53.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.06. NETGEAR had a return on equity of 10.67% and a net margin of 5.42%. The company had revenue of $330.72 million during the quarter, compared to analysts’ expectations of $324.64 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts expect that NETGEAR, Inc. will post $2.73 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/14/insider-selling-netgear-inc-ntgr-director-sells-52000-00-in-stock.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System raised its holdings in shares of NETGEAR by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 20,631 shares of the communications equipment provider’s stock worth $1,022,000 after acquiring an additional 57 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of NETGEAR by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,140 shares of the communications equipment provider’s stock worth $453,000 after acquiring an additional 90 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of NETGEAR by 0.6% in the second quarter. Jennison Associates LLC now owns 17,331 shares of the communications equipment provider’s stock worth $747,000 after acquiring an additional 97 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of NETGEAR by 0.6% in the first quarter. Arizona State Retirement System now owns 17,150 shares of the communications equipment provider’s stock worth $850,000 after acquiring an additional 100 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of NETGEAR by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 44,772 shares of the communications equipment provider’s stock worth $1,930,000 after acquiring an additional 135 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

NTGR has been the subject of several recent research reports. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. BWS Financial raised NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. NETGEAR currently has an average rating of “Buy” and a consensus target price of $62.13.

About NETGEAR

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.

Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

Receive News & Ratings for NETGEAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.