NetGear, Inc. (NASDAQ:NTGR) SVP David John Henry sold 749 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.80, for a total transaction of $25,316.20. Following the completion of the sale, the senior vice president now directly owns 28,812 shares of the company’s stock, valued at approximately $973,845.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

David John Henry also recently made the following trade(s):

  • On Monday, April 1st, David John Henry sold 4 shares of NetGear stock. The shares were sold at an average price of $33.17, for a total transaction of $132.68.

Shares of NTGR traded up $0.63 during mid-day trading on Tuesday, reaching $34.60. The stock had a trading volume of 296,200 shares, compared to its average volume of 424,945. NetGear, Inc. has a 52-week low of $31.80 and a 52-week high of $78.30. The firm has a market capitalization of $1.07 billion, a P/E ratio of 19.89 and a beta of 1.81.

NetGear (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, February 6th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.26). NetGear had a negative net margin of 0.19% and a positive return on equity of 8.66%. The firm had revenue of $288.90 million during the quarter, compared to analysts’ expectations of $409.26 million. During the same period in the prior year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that NetGear, Inc. will post 2.52 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in NTGR. BlackRock Inc. grew its holdings in NetGear by 1.2% during the 3rd quarter. BlackRock Inc. now owns 4,623,187 shares of the communications equipment provider’s stock worth $290,566,000 after acquiring an additional 56,425 shares during the period. Renaissance Technologies LLC grew its holdings in NetGear by 271.7% during the 3rd quarter. Renaissance Technologies LLC now owns 78,790 shares of the communications equipment provider’s stock worth $4,952,000 after acquiring an additional 57,590 shares during the period. Deutsche Bank AG grew its holdings in NetGear by 12.8% during the 3rd quarter. Deutsche Bank AG now owns 180,218 shares of the communications equipment provider’s stock worth $11,325,000 after acquiring an additional 20,500 shares during the period. BlueMountain Capital Management LLC grew its holdings in NetGear by 20.3% during the 3rd quarter. BlueMountain Capital Management LLC now owns 7,045 shares of the communications equipment provider’s stock worth $443,000 after acquiring an additional 1,188 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in NetGear by 297.8% during the 3rd quarter. Pacer Advisors Inc. now owns 6,734 shares of the communications equipment provider’s stock worth $423,000 after acquiring an additional 5,041 shares during the period. 99.99% of the stock is owned by hedge funds and other institutional investors.

NTGR has been the subject of a number of analyst reports. ValuEngine raised shares of NetGear from a “buy” rating to a “strong-buy” rating in a report on Monday, December 17th. BidaskClub raised shares of NetGear from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, Zacks Investment Research lowered shares of NetGear from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $64.40.

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About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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