11,690 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Acquired by Creative Planning

Creative Planning acquired a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,690 shares of the communications equipment provider’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NTGR. Brandes Investment Partners LP boosted its stake in NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after purchasing an additional 247,162 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of NETGEAR by 4.4% in the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock valued at $39,642,000 after acquiring an additional 105,994 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of NETGEAR by 72.4% during the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after acquiring an additional 261,705 shares during the last quarter. American Century Companies Inc. lifted its holdings in NETGEAR by 137.3% during the second quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock worth $5,415,000 after acquiring an additional 204,734 shares during the period. Finally, Donald Smith & CO. Inc. grew its position in NETGEAR by 11.9% during the second quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock valued at $5,038,000 after buying an additional 35,100 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the sale, the director now directly owns 65,318 shares in the company, valued at $1,306,360. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st.

NETGEAR Stock Up 3.8 %

NASDAQ NTGR opened at $24.31 on Monday. The company has a market cap of $699.40 million, a PE ratio of 37.40 and a beta of 0.83. NETGEAR, Inc. has a 52 week low of $10.48 and a 52 week high of $24.51. The firm’s 50-day simple moving average is $20.18 and its two-hundred day simple moving average is $16.50.

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.