GHP Investment Advisors Inc. grew its holdings in NetGear, Inc. (NASDAQ:NTGR) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,767 shares of the communications equipment provider’s stock after purchasing an additional 880 shares during the quarter. GHP Investment Advisors Inc.’s holdings in NetGear were worth $1,455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of NTGR. Crossmark Global Holdings Inc. purchased a new position in shares of NetGear in the third quarter valued at approximately $301,000. Stevens Capital Management LP boosted its stake in shares of NetGear by 41.8% in the third quarter. Stevens Capital Management LP now owns 7,186 shares of the communications equipment provider’s stock valued at $342,000 after purchasing an additional 2,118 shares during the period. Global X MANAGEMENT CO LLC boosted its stake in shares of NetGear by 14.6% in the third quarter. Global X MANAGEMENT CO LLC now owns 14,274 shares of the communications equipment provider’s stock valued at $679,000 after purchasing an additional 1,819 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of NetGear by 20.3% in the third quarter. BNP Paribas Arbitrage SA now owns 18,428 shares of the communications equipment provider’s stock valued at $877,000 after purchasing an additional 3,110 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of NetGear by 11.3% in the third quarter. Sei Investments Co. now owns 91,558 shares of the communications equipment provider’s stock valued at $4,358,000 after purchasing an additional 9,324 shares during the period. 97.52% of the stock is owned by institutional investors and hedge funds.
In related news, insider Mark G. Merrill sold 3,000 shares of NetGear stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $54.05, for a total value of $162,150.00. Following the completion of the transaction, the insider now owns 30,659 shares in the company, valued at $1,657,118.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David John Henry sold 11,979 shares of NetGear stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $58.00, for a total transaction of $694,782.00. Following the completion of the transaction, the senior vice president now owns 51,464 shares of the company’s stock, valued at approximately $2,984,912. The disclosure for this sale can be found here. Insiders sold 73,279 shares of company stock valued at $4,449,754 in the last quarter. 6.20% of the stock is owned by insiders.
NetGear (NASDAQ:NTGR) last issued its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. NetGear had a net margin of 1.38% and a return on equity of 9.92%. The company had revenue of $397.06 million during the quarter, compared to the consensus estimate of $393.27 million. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. analysts expect that NetGear, Inc. will post 3.26 earnings per share for the current fiscal year.
NTGR has been the subject of several recent research reports. BWS Financial set a $75.00 price objective on shares of NetGear and gave the company a “buy” rating in a research note on Friday, January 12th. BidaskClub raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research note on Monday, December 18th. Finally, Zacks Investment Research raised shares of NetGear from a “sell” rating to a “hold” rating in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $65.20.
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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.
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