NETGEAR, Inc. (NASDAQ:NTGR) Director Thomas H. Waechter Sells 2,000 Shares

NETGEAR, Inc. (NASDAQ:NTGR) Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

NETGEAR Stock Up 4.8 %

Shares of NASDAQ:NTGR opened at $26.91 on Thursday. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55. The firm has a fifty day moving average of $23.34 and a two-hundred day moving average of $18.77. The firm has a market capitalization of $774.20 million, a P/E ratio of 41.40 and a beta of 0.86.

Institutional Investors Weigh In On NETGEAR

Several institutional investors have recently made changes to their positions in NTGR. Quarry LP increased its position in NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 741 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of NETGEAR by 4.2% in the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after buying an additional 1,904 shares during the last quarter. Franklin Resources Inc. boosted its holdings in NETGEAR by 5.3% during the third quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock valued at $883,000 after acquiring an additional 2,166 shares during the period. Barclays PLC grew its position in shares of NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock valued at $870,000 after purchasing an additional 4,125 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of NETGEAR in the third quarter worth about $91,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

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.