NETGEAR, Inc. (NASDAQ:NTGR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in NETGEAR, Inc. (NASDAQ:NTGR) by 28.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,091 shares of the communications equipment provider’s stock after buying an additional 2,249 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NETGEAR were worth $147,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of NETGEAR by 52.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,664 shares of the communications equipment provider’s stock valued at $46,000 after acquiring an additional 1,257 shares in the last quarter. AXQ Capital LP acquired a new position in NETGEAR during the 3rd quarter worth approximately $140,000. Aigen Investment Management LP purchased a new position in shares of NETGEAR during the 3rd quarter worth approximately $147,000. Laurion Capital Management LP purchased a new position in shares of NETGEAR during the 3rd quarter worth approximately $151,000. Finally, Barclays PLC lifted its holdings in shares of NETGEAR by 84.5% in the 3rd quarter. Barclays PLC now owns 26,351 shares of the communications equipment provider’s stock valued at $330,000 after buying an additional 12,068 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “neutral” rating and set a $13.00 price objective on shares of NETGEAR in a report on Thursday, May 2nd.

Insider Buying and Selling

In related news, CRO Michael A. Werdann sold 9,244 shares of NETGEAR stock in a transaction on Monday, May 6th. The stock was sold at an average price of $12.15, for a total transaction of $112,314.60. Following the completion of the transaction, the executive now directly owns 79,668 shares of the company’s stock, valued at $967,966.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CRO Michael A. Werdann sold 9,244 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $12.15, for a total value of $112,314.60. Following the completion of the transaction, the executive now owns 79,668 shares in the company, valued at $967,966.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew Wonki Kim sold 5,889 shares of NETGEAR stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $14.50, for a total value of $85,390.50. Following the transaction, the insider now directly owns 88,001 shares of the company’s stock, valued at approximately $1,276,014.50. The disclosure for this sale can be found here. Insiders have sold a total of 20,856 shares of company stock worth $280,918 in the last quarter. Company insiders own 7.00% of the company’s stock.

NETGEAR Stock Up 0.8 %

Shares of NASDAQ NTGR opened at $11.58 on Thursday. The stock has a market capitalization of $336.63 million, a price-to-earnings ratio of -3.01 and a beta of 0.86. NETGEAR, Inc. has a 52 week low of $10.40 and a 52 week high of $15.93. The firm has a 50-day moving average price of $14.60 and a 200 day moving average price of $14.09.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $188.67 million during the quarter, compared to analysts’ expectations of $185.14 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. The firm’s quarterly revenue was down 24.3% compared to the same quarter last year. During the same period last year, the company posted ($0.21) earnings per share. Equities research analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

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.