Public Employees Retirement System of Ohio Sells 2,754 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Public Employees Retirement System of Ohio decreased its position in NETGEAR, Inc. (NASDAQ:NTGR) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,910 shares of the communications equipment provider’s stock after selling 2,754 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NETGEAR were worth $821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in NETGEAR by 7.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider’s stock valued at $1,888,000 after buying an additional 8,050 shares during the last quarter. Mizuho Markets Americas LLC increased its position in shares of NETGEAR by 43.4% during the second quarter. Mizuho Markets Americas LLC now owns 95,884 shares of the communications equipment provider’s stock valued at $1,467,000 after acquiring an additional 29,000 shares during the last quarter. Rhumbline Advisers lifted its holdings in NETGEAR by 4.2% during the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after acquiring an additional 1,904 shares during the period. American Century Companies Inc. boosted its position 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 last quarter. Finally, Federated Hermes Inc. grew its stake in NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock valued at $1,957,000 after purchasing an additional 71,054 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares in the company, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is owned by corporate insiders.

NETGEAR Stock Down 0.7 %

Shares of NTGR stock opened at $26.71 on Friday. The firm has a market cap of $768.45 million, a P/E ratio of 41.09 and a beta of 0.86. The company has a 50 day moving average of $23.48 and a 200-day moving average of $18.83. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55.

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.