Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in NETGEAR, Inc. (NASDAQ:NTGR) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,154 shares of the communications equipment provider’s stock, valued at approximately $255,000.

Other hedge funds also recently bought and sold shares of the company. Quarry LP increased its holdings in shares of NETGEAR by 66.5% during the 3rd quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 741 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of NETGEAR by 5.3% during the 3rd 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 last quarter. New York State Common Retirement Fund increased its holdings in shares of NETGEAR by 49.3% during the 4th quarter. New York State Common Retirement Fund now owns 7,566 shares of the communications equipment provider’s stock valued at $211,000 after acquiring an additional 2,500 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of NETGEAR during the 4th quarter valued at about $72,000. Finally, R Squared Ltd acquired a new position in shares of NETGEAR during the 4th quarter valued at about $72,000. 82.97% of the stock is owned by institutional investors and hedge funds.

NETGEAR Stock Down 2.1 %

Shares of NASDAQ:NTGR opened at $23.30 on Friday. The business has a 50 day moving average price of $27.14 and a 200 day moving average price of $23.66. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55. The company has a market cap of $672.65 million, a price-to-earnings ratio of 58.25 and a beta of 0.72.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. Analysts anticipate that NETGEAR, Inc. will post -1.84 EPS for the current year.

Insiders Place Their Bets

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the sale, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the completion of the sale, the chief executive officer now owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NTGR. StockNews.com lowered NETGEAR from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Raymond James increased their price objective on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th.

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.