Netgear Inc. (NASDAQ:NTGR) Director Barbara Vaughn Scherer sold 2,500 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $59.09, for a total value of $147,725.00. Following the sale, the director now owns 14,536 shares in the company, valued at $858,932.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Netgear Inc. (NASDAQ:NTGR) opened at 54.94 on Wednesday. The company has a market cap of $1.80 billion, a PE ratio of 26.14 and a beta of 1.92. The company has a 50-day moving average of $57.65 and a 200 day moving average of $48.29. Netgear Inc. has a 52-week low of $30.95 and a 52-week high of $60.82.

Netgear (NASDAQ:NTGR) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.12. The firm had revenue of $311.66 million for the quarter, compared to analysts’ expectations of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Equities research analysts predict that Netgear Inc. will post $2.96 EPS for the current year.

Insider Buying and Selling by Quarter for Netgear (NASDAQ:NTGR)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in Netgear by 949.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,791 shares of the company’s stock valued at $133,000 after buying an additional 2,525 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock valued at $141,000 after buying an additional 882 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Netgear during the second quarter valued at approximately $208,000. PineBridge Investments L.P. boosted its position in shares of Netgear by 4.3% in the second quarter. PineBridge Investments L.P. now owns 4,130 shares of the company’s stock valued at $197,000 after buying an additional 169 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of Netgear during the first quarter valued at approximately $174,000. 99.48% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on NTGR shares. BWS Financial cut Netgear from a “buy” rating to a “hold” rating and lowered their target price for the company from $64.00 to $60.00 in a research report on Monday. Vetr cut Netgear from a “buy” rating to a “hold” rating and set a $59.59 target price on the stock. in a research report on Monday, September 19th. Citigroup Inc. cut Netgear to a “neutral” rating and set a $47.50 target price on the stock. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Zacks Investment Research cut Netgear from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, Wunderlich raised their target price on Netgear from $58.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $53.36.

Netgear Company Profile

NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.

5 Day Chart for NASDAQ:NTGR

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