Vident Investment Advisory LLC raised its stake in Netgear (NASDAQ:NTGR) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,411 shares of the communications equipment provider’s stock after acquiring an additional 2,893 shares during the quarter. Vident Investment Advisory LLC owned approximately 0.15% of Netgear worth $2,785,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in Netgear by 4.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 318,392 shares of the communications equipment provider’s stock valued at $15,156,000 after acquiring an additional 14,995 shares during the period. Strs Ohio lifted its holdings in Netgear by 5.9% in the fourth quarter. Strs Ohio now owns 90,000 shares of the communications equipment provider’s stock valued at $5,287,000 after acquiring an additional 5,000 shares during the period. Russell Investments Group Ltd. lifted its holdings in Netgear by 132.9% in the third quarter. Russell Investments Group Ltd. now owns 15,264 shares of the communications equipment provider’s stock valued at $727,000 after acquiring an additional 8,710 shares during the period. Spark Investment Management LLC acquired a new position in Netgear in the fourth quarter valued at approximately $4,018,000. Finally, Stevens Capital Management LP lifted its holdings in Netgear by 41.8% in the third quarter. Stevens Capital Management LP now owns 7,186 shares of the communications equipment provider’s stock valued at $342,000 after acquiring an additional 2,118 shares during the period. 97.52% of the stock is owned by institutional investors.
Netgear (NTGR) opened at $57.85 on Tuesday. The firm has a market capitalization of $1,856.20, a P/E ratio of 25.50 and a beta of 1.93. Netgear has a 52 week low of $41.50 and a 52 week high of $71.42.
Netgear (NASDAQ:NTGR) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07. The business had revenue of $397.06 million during the quarter, compared to the consensus estimate of $393.27 million. Netgear had a return on equity of 9.92% and a net margin of 1.38%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 EPS. research analysts predict that Netgear will post 3.26 EPS for the current year.
A number of research analysts have issued reports on the company. BidaskClub raised Netgear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. BWS Financial set a $75.00 price target on Netgear and gave the company a “buy” rating in a report on Friday, January 12th. Zacks Investment Research raised Netgear from a “sell” rating to a “hold” rating in a report on Friday, December 22nd. Finally, Raymond James Financial raised Netgear from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.20.
In other Netgear news, SVP Patrick J. Collins III sold 834 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $57.20, for a total value of $47,704.80. Following the completion of the sale, the senior vice president now directly owns 20,641 shares in the company, valued at approximately $1,180,665.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Patrick Cs Lo sold 13,999 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $54.93, for a total value of $768,965.07. Following the completion of the sale, the chief executive officer now owns 221,607 shares of the company’s stock, valued at $12,172,872.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,279 shares of company stock valued at $4,287,604. 6.20% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://ledgergazette.com/2018/03/20/vident-investment-advisory-llc-has-2-79-million-holdings-in-netgear-ntgr.html.
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
Receive News & Ratings for Netgear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netgear and related companies with MarketBeat.com's FREE daily email newsletter.