NETGEAR, Inc. (NASDAQ:NTGR) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR) by 627.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,407 shares of the communications equipment provider’s stock after buying an additional 2,076 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NETGEAR were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of NETGEAR by 3.0% during the 1st quarter. BlackRock Inc. now owns 5,588,137 shares of the communications equipment provider’s stock worth $137,917,000 after purchasing an additional 165,385 shares during the period. Vanguard Group Inc. grew its stake in shares of NETGEAR by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,300,485 shares of the communications equipment provider’s stock worth $66,142,000 after purchasing an additional 122,759 shares during the period. Brandes Investment Partners LP grew its stake in shares of NETGEAR by 20.7% during the 1st quarter. Brandes Investment Partners LP now owns 2,282,916 shares of the communications equipment provider’s stock worth $42,257,000 after purchasing an additional 391,271 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of NETGEAR by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,670,410 shares of the communications equipment provider’s stock worth $41,226,000 after purchasing an additional 73,225 shares during the period. Finally, State Street Corp grew its stake in shares of NETGEAR by 1.7% during the 1st quarter. State Street Corp now owns 1,249,846 shares of the communications equipment provider’s stock worth $23,135,000 after purchasing an additional 21,208 shares during the period. Institutional investors and hedge funds own 81.36% of the company’s stock.

Insider Buying and Selling at NETGEAR

In other NETGEAR news, insider Martin Westhead sold 5,826 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $12.64, for a total value of $73,640.64. Following the transaction, the insider now owns 54,845 shares in the company, valued at approximately $693,240.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other NETGEAR news, SVP Andrew Wonki Kim sold 5,519 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $13.00, for a total value of $71,747.00. Following the completion of the sale, the senior vice president now directly owns 104,933 shares of the company’s stock, valued at approximately $1,364,129. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Martin Westhead sold 5,826 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $12.64, for a total value of $73,640.64. Following the completion of the sale, the insider now directly owns 54,845 shares of the company’s stock, valued at $693,240.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,688 shares of company stock worth $170,669. Corporate insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NTGR shares. StockNews.com raised shares of NETGEAR from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Raymond James decreased their target price on NETGEAR from $22.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, October 26th.

NETGEAR Price Performance

Shares of NASDAQ:NTGR opened at $12.73 on Friday. NETGEAR, Inc. has a 1 year low of $10.40 and a 1 year high of $21.78. The firm has a market capitalization of $376.94 million, a price-to-earnings ratio of -3.44 and a beta of 0.81. The business’s 50 day moving average price is $12.12 and its 200-day moving average price is $13.20.

NETGEAR (NASDAQ:NTGR) last announced its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.27. NETGEAR had a negative return on equity of 3.76% and a negative net margin of 13.62%. The firm had revenue of $197.85 million for the quarter, compared to analyst estimates of $183.85 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was down 20.7% on a year-over-year basis. On average, sell-side analysts expect that NETGEAR, Inc. will post -0.83 earnings per share for the current year.

NETGEAR Company Profile

NETGEAR, Inc engages in the design, development, and marketing of networking and Internet connected products for consumers, businesses, and service providers in the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and Small and Medium Business.