NETGEAR (NASDAQ:NTGR) Stock Rating Lowered by StockNews.com

NETGEAR (NASDAQ:NTGR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Raymond James upped their target price on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th.

NETGEAR Price Performance

Shares of NASDAQ NTGR opened at $23.63 on Friday. The firm has a fifty day moving average price of $26.44 and a 200-day moving average price of $24.20. The stock has a market cap of $682.17 million, a PE ratio of 59.08 and a beta of 0.72. NETGEAR has a 1 year low of $10.48 and a 1 year high of $31.55.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. On average, research analysts expect that NETGEAR will post -1.84 EPS for the current year.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On NETGEAR

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in shares of NETGEAR by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,332,316 shares of the communications equipment provider’s stock worth $37,132,000 after acquiring an additional 44,752 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of NETGEAR by 31.6% in the 4th quarter. American Century Companies Inc. now owns 770,464 shares of the communications equipment provider’s stock worth $21,473,000 after acquiring an additional 184,863 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of NETGEAR by 126.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 675,209 shares of the communications equipment provider’s stock worth $18,818,000 after acquiring an additional 376,974 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NETGEAR by 22.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider’s stock worth $14,123,000 after acquiring an additional 93,737 shares during the last quarter. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of NETGEAR by 47.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider’s stock worth $11,319,000 after acquiring an additional 131,243 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

About NETGEAR

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.