Acuitas Investments LLC Makes New $611,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Acuitas Investments LLC bought a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 41,884 shares of the communications equipment provider’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also bought and sold shares of NTGR. Brandes Investment Partners LP increased its position in NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock valued at $43,635,000 after buying an additional 967,537 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of NETGEAR by 66.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock worth $5,540,000 after acquiring an additional 175,288 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in NETGEAR during the 3rd quarter valued at $1,449,000. Walleye Capital LLC lifted its position in NETGEAR by 279.2% during the third quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock valued at $1,910,000 after acquiring an additional 111,713 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in NETGEAR during the third quarter worth about $1,116,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $30.00 price objective on shares of NETGEAR in a research report on Wednesday, April 10th.

NETGEAR Trading Up 0.3 %

Shares of NETGEAR stock traded up $0.05 on Friday, reaching $14.87. 27,107 shares of the company were exchanged, compared to its average volume of 207,736. The company has a market capitalization of $432.27 million, a price-to-earnings ratio of -4.19 and a beta of 0.84. The company has a 50-day moving average of $14.90 and a 200 day moving average of $13.97. NETGEAR, Inc. has a one year low of $10.40 and a one year high of $15.93.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. The firm had revenue of $188.67 million for the quarter, compared to analyst estimates of $185.14 million. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The company’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) EPS. Analysts predict that NETGEAR, Inc. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew Wonki Kim sold 5,889 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.50, for a total transaction of $85,390.50. Following the completion of the sale, the insider now owns 88,001 shares in the company, valued at approximately $1,276,014.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Vikram Mehta sold 1,844 shares of NETGEAR stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.48, for a total value of $26,701.12. Following the sale, the senior vice president now owns 25,569 shares of the company’s stock, valued at approximately $370,239.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Wonki Kim sold 5,889 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.50, for a total value of $85,390.50. Following the completion of the sale, the insider now owns 88,001 shares in the company, valued at approximately $1,276,014.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,456 shares of company stock valued at $195,304. Corporate insiders own 6.00% of the company’s stock.

NETGEAR Company Profile

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.