Murray Bryan Sells 3,848 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) CFO Murray Bryan sold 3,848 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the transaction, the chief financial officer now directly owns 193,032 shares of the company’s stock, valued at $4,617,325.44. This represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NETGEAR Stock Performance

Shares of NETGEAR stock opened at $23.70 on Tuesday. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The firm has a market cap of $684.20 million, a P/E ratio of 59.25 and a beta of 0.72. The firm’s 50-day simple moving average is $26.66 and its 200-day simple moving average is $24.03.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. On average, equities analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of NETGEAR

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of NETGEAR by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider’s stock valued at $37,132,000 after acquiring an additional 44,752 shares during the period. American Century Companies Inc. lifted its holdings in NETGEAR by 31.6% during the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock valued at $21,473,000 after purchasing an additional 184,863 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in NETGEAR by 126.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider’s stock valued at $18,818,000 after buying an additional 376,974 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in NETGEAR by 22.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider’s stock worth $14,123,000 after buying an additional 93,737 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of NETGEAR by 47.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider’s stock worth $11,319,000 after buying an additional 131,243 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NTGR has been the subject of several recent research reports. Raymond James upped their price target on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research note on Thursday, March 13th.

About NETGEAR

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.