BNP Paribas Arbitrage SA grew its position in NETGEAR, Inc. (NASDAQ:NTGR) by 37.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,318 shares of the communications equipment provider’s stock after purchasing an additional 4,179 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in NETGEAR were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NTGR. Legal & General Group Plc grew its position in NETGEAR by 7.5% during the second quarter. Legal & General Group Plc now owns 62,101 shares of the communications equipment provider’s stock worth $2,677,000 after buying an additional 4,326 shares in the last quarter. Bank of New York Mellon Corp grew its position in NETGEAR by 33.3% during the second quarter. Bank of New York Mellon Corp now owns 1,720,748 shares of the communications equipment provider’s stock worth $74,165,000 after buying an additional 429,429 shares in the last quarter. SG Americas Securities LLC grew its position in NETGEAR by 21.9% during the second quarter. SG Americas Securities LLC now owns 9,319 shares of the communications equipment provider’s stock worth $402,000 after buying an additional 1,673 shares in the last quarter. Rhumbline Advisers grew its position in NETGEAR by 1.2% during the second quarter. Rhumbline Advisers now owns 67,770 shares of the communications equipment provider’s stock worth $2,921,000 after buying an additional 786 shares in the last quarter. Finally, First Mercantile Trust Co. grew its position in NETGEAR by 12.4% during the second quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock worth $260,000 after buying an additional 668 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors.

Shares of NETGEAR, Inc. (NASDAQ:NTGR) opened at 47.60 on Tuesday. The company has a market capitalization of $1.50 billion, a PE ratio of 21.84 and a beta of 1.54. NETGEAR, Inc. has a 1-year low of $41.50 and a 1-year high of $60.82. The firm’s 50-day moving average price is $46.90 and its 200 day moving average price is $47.21.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.06. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The business had revenue of $330.72 million during the quarter, compared to analyst estimates of $324.64 million. During the same period in the previous year, the business earned $0.72 EPS. NETGEAR’s revenue was up 6.1% compared to the same quarter last year. Equities analysts predict that NETGEAR, Inc. will post $2.74 EPS for the current fiscal year.

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In other news, SVP Michael F. Falcon sold 1,042 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $48.15, for a total transaction of $50,172.30. Following the completion of the transaction, the senior vice president now directly owns 39,107 shares in the company, valued at approximately $1,883,002.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Patrick Cs Lo sold 9,900 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $47.91, for a total transaction of $474,309.00. Following the transaction, the chairman now owns 183,125 shares of the company’s stock, valued at $8,773,518.75. The disclosure for this sale can be found here. Insiders have sold a total of 61,628 shares of company stock valued at $2,855,766 over the last 90 days. Company insiders own 6.20% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Global Equities Research reissued a “buy” rating and set a $85.00 price target on shares of NETGEAR in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $61.97.

NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

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