Price T Rowe Associates Inc. MD increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR – Free Report) by 3.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The company owned 37,779 shares of the communications equipment provider after acquiring an additional 1,247 shares during the same period. Price T Rowe Associates Inc. MD owned 0.13% of NETGEAR valued at $596,000, according to its most recent filing with the SEC.
Other major investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in NETGEAR shares in the 1st quarter valued at around $30,000. Quest Partners LLC acquired a new position in NETGEAR in the 4th quarter valued at $53,000. Marquette Asset Management LLC acquired a new position in NETGEAR in the 4th quarter valued at $126,000. Zürcher Kantonalbank Zürich Cantonalbank increased its stake in NETGEAR by 28.7% in the 4th quarter. Zürcher Kantonalbank Zürich Cantonalbank now owns 10,091 shares of the communications equipment maker’s stock valued at $147,000 after purchasing an additional 2,249 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in NETGEAR by 229.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider’s stock valued at $157,000 after purchasing an additional 6,921 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.
Upgrades and downgrades by analysts
Separately, BWS Financial reiterated a “neutral” rating and set a $13.00 price target on shares of NETGEAR in a report on Thursday, May 2nd.
Get our latest stock analysis on NETGEAR
Insider buying and selling at NETGEAR
In other NETGEAR news, CMO Heidi Cormack sold 4,687 shares of the company’s stock on Thursday, May 30. The shares were sold at an average price of $13.52, for a total value of $63,368.24. Following the transaction, the marketing executive now directly owns 83,611 shares of the company’s stock, valued at approximately $1,130,420.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Heidi Cormack sold 4,687 shares of the company’s stock on Thursday, May 30. The shares were sold at an average price of $13.52, for a total value of $63,368.24. Following the transaction, the marketing executive now directly owns 83,611 shares of the company’s stock, valued at approximately $1,130,420.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, Director Sarah Butterfass sold 5,626 shares of the company’s stock on Tuesday, June 4. The shares were sold at an average price of $13.36, for a total value of $75,163.36. Following the completion of the transaction, the director now owns 40,744 shares of the company’s stock, valued at $544,339.84. The disclosure regarding this sale can be found here. Company insiders own 7.00% of the company’s stock.
NETGEAR share price development
NTGR shares opened at $15.47 on Wednesday. The company has a market cap of $450.18 million, a price-to-earnings ratio of -4.02, and a beta of 0.81. The company’s 50-day moving average price is $14.99 and its 200-day moving average price is $14.49. NETGEAR, Inc. has a 52-week low of $10.40 and a 52-week high of $18.66.
NETGEAR Company Profile
(Free report)
NETGEAR, Inc. provides connectivity solutions for the Americas, Europe, Middle East, Africa, and Asia Pacific. The company operates through two segments: Connected Home and NETGEAR for Business. The Connected Home segment offers home WiFi routers and WiFi mesh systems, WiFi hotspots, digital displays, broadband modems, WiFi gateways, WiFi range extenders, powerline adapters, and WiFi network adapters, and provides value-added services, including security and privacy, technical support, and parental controls.
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