NETGEAR (NASDAQ:NTGR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

NETGEAR, Inc. (NASDAQ:NTGR) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.12 and traded as high as $27.19. NETGEAR shares last traded at $26.95, with a volume of 301,161 shares changing hands.

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 Stock Down 1.4 %

The stock has a market cap of $775.35 million, a price-to-earnings ratio of 41.46 and a beta of 0.83. The stock’s fifty day moving average is $25.29 and its 200-day moving average is $20.12.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now owns 61,135 shares in the company, valued at $1,859,726.70. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by company insiders.

Institutional Trading of NETGEAR

Several hedge funds have recently bought and sold shares of NTGR. Quarry LP increased its position in shares of NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 741 shares in the last quarter. Meeder Asset Management Inc. bought a new position in NETGEAR during the 3rd quarter worth about $91,000. Values First Advisors Inc. acquired a new stake in shares of NETGEAR in the 3rd quarter valued at about $144,000. Creative Planning bought a new stake in shares of NETGEAR in the third quarter valued at about $235,000. Finally, Versor Investments LP acquired a new position in shares of NETGEAR during the third quarter worth about $235,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.