NETGEAR, Inc. (NTGR) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC increased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 6.5% during the first quarter, Holdings Channel reports. The institutional investor owned 7,701 shares of the communications equipment provider’s stock after buying an additional 473 shares during the period. Mason Street Advisors LLC’s holdings in NETGEAR were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of NETGEAR by 34.2% in the fourth quarter. FMR LLC now owns 2,279,258 shares of the communications equipment provider’s stock worth $123,878,000 after buying an additional 580,422 shares during the period. Norges Bank acquired a new stake in shares of NETGEAR during the fourth quarter worth $30,149,000. Bank of New York Mellon Corp boosted its stake in shares of NETGEAR by 54.8% in the first quarter. Bank of New York Mellon Corp now owns 1,291,319 shares of the communications equipment provider’s stock worth $63,985,000 after buying an additional 456,929 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of NETGEAR during the fourth quarter worth $11,136,000. Finally, Wells Fargo & Company MN boosted its stake in shares of NETGEAR by 33.5% in the first quarter. Wells Fargo & Company MN now owns 715,202 shares of the communications equipment provider’s stock worth $35,438,000 after buying an additional 179,283 shares during the period. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

Shares of NETGEAR, Inc. (NTGR) opened at 43.80 on Tuesday. The firm’s 50-day moving average is $44.24 and its 200-day moving average is $51.39. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.75 and a beta of 1.57. NETGEAR, Inc. has a 1-year low of $41.50 and a 1-year high of $60.82.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $323.70 million for the quarter, compared to analysts’ expectations of $309.48 million. NETGEAR had a return on equity of 11.30% and a net margin of 5.61%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.74 EPS. On average, analysts predict that NETGEAR, Inc. will post $2.65 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on NTGR. Off Wall Street reissued a “sell” rating and set a $36.00 target price on shares of NETGEAR in a report on Monday, March 27th. Zacks Investment Research raised shares of NETGEAR from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Global Equities Research reissued a “buy” rating and set a $85.00 target price on shares of NETGEAR in a report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $60.81.

In related news, Chairman Patrick Cs Lo sold 9,900 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $48.75, for a total transaction of $482,625.00. Following the transaction, the chairman now directly owns 149,518 shares of the company’s stock, valued at approximately $7,289,002.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Andrew Wonki Kim sold 1,563 shares of the business’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $52.00, for a total value of $81,276.00. Following the transaction, the senior vice president now directly owns 21,201 shares in the company, valued at $1,102,452. The disclosure for this sale can be found here. Insiders have sold a total of 56,737 shares of company stock worth $2,692,760 over the last three months. 6.20% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NTGR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding NTGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NETGEAR, Inc. (NASDAQ:NTGR).

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