Fund 1 Investments LLC Buys 31,615 Shares of NETGEAR, Inc. $NTGR

Fund 1 Investments LLC boosted its position in NETGEAR, Inc. (NASDAQ:NTGR) by 79.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,615 shares of the communications equipment provider’s stock after purchasing an additional 31,615 shares during the period. Fund 1 Investments LLC owned about 0.25% of NETGEAR worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Tenzing Global Management LLC grew its stake in shares of NETGEAR by 100.0% during the 1st quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider’s stock worth $14,064,000 after acquiring an additional 287,500 shares during the period. AYAL Capital Advisors Ltd lifted its holdings in NETGEAR by 177.8% during the second quarter. AYAL Capital Advisors Ltd now owns 250,002 shares of the communications equipment provider’s stock valued at $7,268,000 after purchasing an additional 160,002 shares during the last quarter. Acadian Asset Management LLC boosted its position in NETGEAR by 16.5% during the first quarter. Acadian Asset Management LLC now owns 1,075,982 shares of the communications equipment provider’s stock worth $26,303,000 after purchasing an additional 152,183 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of NETGEAR by 447.9% in the second quarter. Qube Research & Technologies Ltd now owns 153,524 shares of the communications equipment provider’s stock worth $4,463,000 after purchasing an additional 125,504 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of NETGEAR by 54.4% in the second quarter. Invesco Ltd. now owns 351,059 shares of the communications equipment provider’s stock worth $10,205,000 after purchasing an additional 123,637 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Bradley Maiorino sold 13,063 shares of NETGEAR stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $35.26, for a total transaction of $460,601.38. Following the completion of the sale, the director owned 56,356 shares in the company, valued at approximately $1,987,112.56. This trade represents a 18.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pramod Badjate sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $24.60, for a total transaction of $98,400.00. Following the completion of the transaction, the insider owned 155,361 shares in the company, valued at approximately $3,821,880.60. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 20,315 shares of company stock worth $661,592. 2.30% of the stock is currently owned by insiders.

NETGEAR Stock Performance

Shares of NTGR stock opened at $24.57 on Friday. The company has a market capitalization of $697.86 million, a PE ratio of -27.00 and a beta of 1.20. NETGEAR, Inc. has a 52-week low of $18.75 and a 52-week high of $36.86. The business’s fifty day moving average is $29.52 and its 200 day moving average is $28.49.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Zacks Research downgraded shares of NETGEAR from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Seaport Res Ptn raised NETGEAR to a “strong-buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus boosted their price objective on NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d)” rating on shares of NETGEAR in a report on Monday. Finally, Raymond James Financial lifted their target price on NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

About NETGEAR

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.