NetGear, Inc. (NTGR) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP lifted its position in NetGear, Inc. (NASDAQ:NTGR) by 13.9% during the fourth quarter, Holdings Channel reports. The fund owned 231,004 shares of the communications equipment provider’s stock after acquiring an additional 28,154 shares during the period. Systematic Financial Management LP’s holdings in NetGear were worth $13,571,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NTGR. New York State Common Retirement Fund boosted its stake in shares of NetGear by 3.5% in the second quarter. New York State Common Retirement Fund now owns 38,647 shares of the communications equipment provider’s stock worth $1,666,000 after acquiring an additional 1,299 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of NetGear by 1.8% in the second quarter. California Public Employees Retirement System now owns 69,200 shares of the communications equipment provider’s stock worth $2,983,000 after acquiring an additional 1,200 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of NetGear by 9.6% in the second quarter. Goldman Sachs Group Inc. now owns 121,997 shares of the communications equipment provider’s stock worth $5,258,000 after acquiring an additional 10,637 shares during the last quarter. State Street Corp boosted its stake in shares of NetGear by 1.8% in the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock worth $36,319,000 after acquiring an additional 14,817 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake 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. 97.52% of the stock is currently owned by hedge funds and other institutional investors.

In other NetGear news, SVP Patrick J. Collins III sold 416 shares of NetGear stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $71.00, for a total value of $29,536.00. Following the sale, the senior vice president now owns 34,612 shares in the company, valued at $2,457,452. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Cs Lo sold 13,999 shares of NetGear stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $59.92, for a total value of $838,820.08. Following the completion of the sale, the chief executive officer now owns 183,125 shares in the company, valued at approximately $10,972,850. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,885 shares of company stock worth $4,022,520. 6.20% of the stock is currently owned by company insiders.

NetGear, Inc. (NASDAQ NTGR) opened at $60.20 on Wednesday. NetGear, Inc. has a 1 year low of $41.50 and a 1 year high of $71.42. The company has a market capitalization of $1,923.67, a P/E ratio of 113.59 and a beta of 1.79.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Tuesday, February 6th. The communications equipment provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. NetGear had a return on equity of 9.92% and a net margin of 1.38%. The firm had revenue of $397.06 million for the quarter, compared to the consensus estimate of $393.27 million. During the same quarter last year, the business posted $0.88 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. analysts expect that NetGear, Inc. will post 2.71 earnings per share for the current fiscal year.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Wednesday, January 10th. BidaskClub upgraded NetGear from a “hold” rating to a “buy” rating in a research report on Thursday, December 14th. Raymond James Financial upgraded NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock in a research report on Monday, December 18th. Finally, BWS Financial set a $75.00 price objective on NetGear and gave the stock a “buy” rating in a research report on Friday, January 12th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $65.20.

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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.

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Institutional Ownership by Quarter for NetGear (NASDAQ:NTGR)

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