R Squared Ltd Takes $72,000 Position in NETGEAR, Inc. (NASDAQ:NTGR)

R Squared Ltd acquired a new position in NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,600 shares of the communications equipment provider’s stock, valued at approximately $72,000.

A number of other hedge funds have also bought and sold shares of the business. Inspire Investing LLC bought a new stake in shares of NETGEAR in the fourth quarter worth approximately $852,000. SG Americas Securities LLC purchased a new stake in NETGEAR in the fourth quarter worth approximately $375,000. Franklin Resources Inc. grew its position in NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock worth $883,000 after purchasing an additional 2,166 shares during the period. Barclays PLC raised its stake in NETGEAR by 10.5% during the 3rd quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock valued at $870,000 after buying an additional 4,125 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of NETGEAR during the 3rd quarter valued at $540,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

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

NETGEAR Trading Down 0.4 %

Shares of NASDAQ NTGR opened at $27.65 on Friday. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55. The firm has a market capitalization of $795.49 million, a price-to-earnings ratio of 42.54 and a beta of 0.83. The firm has a 50 day moving average of $26.47 and a 200 day moving average of $21.50.

Insider Buying and Selling at NETGEAR

In related news, Director Thomas H. Waechter sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.00% of the stock is currently owned by corporate insiders.

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.