Netgear Inc. (NASDAQ:NTGR) SVP Patrick J. Collins III sold 375 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $55.05, for a total transaction of $20,643.75. Following the sale, the senior vice president now owns 18,800 shares in the company, valued at approximately $1,034,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Netgear Inc. (NASDAQ:NTGR) opened at 53.41 on Thursday. Netgear Inc. has a 52-week low of $31.65 and a 52-week high of $60.82. The firm has a 50-day moving average of $57.45 and a 200 day moving average of $48.81. The company has a market capitalization of $1.75 billion, a P/E ratio of 25.41 and a beta of 1.92.

Netgear (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.12. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The business had revenue of $311.66 million for the quarter, compared to analyst estimates of $298.87 million. During the same quarter last year, the firm earned $0.29 EPS. Netgear’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Netgear Inc. will post $2.96 EPS for the current year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Netgear by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,890,854 shares of the company’s stock valued at $137,431,000 after buying an additional 189,300 shares during the last quarter. FMR LLC raised its position in Netgear by 39.7% in the second quarter. FMR LLC now owns 2,866,848 shares of the company’s stock valued at $136,290,000 after buying an additional 814,166 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Netgear by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,721,426 shares of the company’s stock valued at $129,375,000 after buying an additional 11,749 shares during the last quarter. BlackRock Fund Advisors raised its position in Netgear by 4.0% in the second quarter. BlackRock Fund Advisors now owns 2,123,816 shares of the company’s stock valued at $100,966,000 after buying an additional 80,868 shares during the last quarter. Finally, LSV Asset Management raised its position in Netgear by 0.6% in the second quarter. LSV Asset Management now owns 1,658,973 shares of the company’s stock valued at $78,867,000 after buying an additional 9,882 shares during the last quarter. 99.48% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. BWS Financial boosted their price target on shares of Netgear from $50.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research note on Tuesday, August 2nd. Vetr upgraded shares of Netgear from a “sell” rating to a “hold” rating and set a $50.82 price objective on the stock in a research note on Monday, August 1st. Rosenblatt Securities lowered shares of Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price objective on the stock. in a research note on Tuesday, July 12th. Finally, Citigroup Inc. lowered shares of Netgear to a “neutral” rating and set a $47.50 price objective on the stock. in a research note on Tuesday, July 12th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.36.

About Netgear

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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