NETGEAR Sees Unusually Large Options Volume (NASDAQ:NTGR)

NETGEAR, Inc. (NASDAQ:NTGR) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 2,262 call options on the company. This is an increase of approximately 210% compared to the average daily volume of 729 call options.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares in the company, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.00% of the company’s stock.

Institutional Investors Weigh In On NETGEAR

A number of large investors have recently modified their holdings of the stock. Brandes Investment Partners LP grew its holdings in shares of NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after acquiring an additional 247,162 shares during the period. American Century Companies Inc. grew its stake in NETGEAR by 137.3% in the second quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock worth $5,415,000 after purchasing an additional 204,734 shares during the period. Tenzing Global Management LLC bought a new position in NETGEAR in the third quarter worth $3,510,000. Los Angeles Capital Management LLC purchased a new position in NETGEAR during the third quarter valued at $1,805,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NETGEAR by 124.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after buying an additional 80,746 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

NETGEAR Trading Down 0.7 %

Shares of NETGEAR stock opened at $26.71 on Friday. NETGEAR has a 12-month low of $10.48 and a 12-month high of $31.55. The company has a market cap of $768.45 million, a P/E ratio of 41.09 and a beta of 0.86. The company’s fifty day simple moving average is $23.48 and its two-hundred day simple moving average is $18.83.

Analysts Set New Price Targets

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.