Marquette Asset Management LLC Buys Shares of 8,649 NETGEAR, Inc. (NASDAQ:NTGR)

Marquette Asset Management LLC purchased a new position in shares of NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 8,649 shares of the communications equipment provider’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its position in NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock worth $43,635,000 after buying an additional 967,537 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of NETGEAR by 66.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock worth $5,540,000 after acquiring an additional 175,288 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in shares of NETGEAR during the third quarter worth $1,449,000. Walleye Capital LLC boosted its position in NETGEAR by 279.2% during the third quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock valued at $1,910,000 after purchasing an additional 111,713 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in NETGEAR in the third quarter valued at about $1,116,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and set a $30.00 price target on shares of NETGEAR in a research note on Wednesday, April 10th.

Insider Activity at NETGEAR

In other NETGEAR news, insider Andrew Wonki Kim sold 5,889 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.50, for a total transaction of $85,390.50. Following the transaction, the insider now owns 88,001 shares in the company, valued at $1,276,014.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NETGEAR news, SVP Vikram Mehta sold 1,844 shares of NETGEAR stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $14.48, for a total value of $26,701.12. Following the transaction, the senior vice president now directly owns 25,569 shares of the company’s stock, valued at approximately $370,239.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Andrew Wonki Kim sold 5,889 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $14.50, for a total value of $85,390.50. Following the completion of the sale, the insider now directly owns 88,001 shares of the company’s stock, valued at $1,276,014.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,456 shares of company stock valued at $195,304. Corporate insiders own 6.00% of the company’s stock.

NETGEAR Stock Performance

Shares of NTGR traded up $0.03 during mid-day trading on Friday, hitting $14.85. 134,677 shares of the company’s stock were exchanged, compared to its average volume of 135,256. The firm has a fifty day moving average of $14.90 and a two-hundred day moving average of $14.00. NETGEAR, Inc. has a twelve month low of $10.40 and a twelve month high of $15.93.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.04. NETGEAR had a negative net margin of 14.14% and a negative return on equity of 2.96%. The firm had revenue of $188.67 million for the quarter, compared to the consensus estimate of $185.14 million. During the same period in the prior year, the business posted ($0.21) earnings per share. The business’s quarterly revenue was down 24.3% on a year-over-year basis. Equities analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

NETGEAR Company Profile

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.