Cwm LLC Has $71,000 Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

Cwm LLC increased its holdings in NETGEAR, Inc. (NASDAQ:NTGR) by 35.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,916 shares of the communications equipment provider’s stock after purchasing an additional 763 shares during the period. Cwm LLC’s holdings in NETGEAR were worth $71,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NTGR. Summit Investment Advisors Inc. boosted its stake in NETGEAR by 19.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,917 shares of the communications equipment provider’s stock valued at $81,000 after purchasing an additional 479 shares during the period. ProShare Advisors LLC acquired a new position in shares of NETGEAR in the 4th quarter valued at $219,000. PharVision Advisers LLC bought a new position in shares of NETGEAR during the 4th quarter worth about $227,000. Voya Investment Management LLC acquired a new stake in shares of NETGEAR during the 4th quarter valued at about $245,000. Finally, GAMMA Investing LLC boosted its position in shares of NETGEAR by 3,539.0% during the 1st quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider’s stock valued at $292,000 after acquiring an additional 11,608 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In related news, Director Sarah Butterfass sold 5,848 shares of NETGEAR stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $28.89, for a total value of $168,948.72. Following the completion of the transaction, the director directly owned 41,657 shares of the company’s stock, valued at $1,203,470.73. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Graeme Mclindin sold 2,377 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.38, for a total transaction of $67,459.26. Following the transaction, the vice president owned 61,208 shares in the company, valued at approximately $1,737,083.04. This trade represents a 3.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock worth $490,401 in the last three months. Insiders own 2.30% of the company’s stock.

NETGEAR Price Performance

NETGEAR stock opened at $22.50 on Friday. The firm has a market capitalization of $647.55 million, a P/E ratio of 10.42 and a beta of 1.07. The stock has a fifty day moving average price of $28.28 and a two-hundred day moving average price of $26.67. NETGEAR, Inc. has a 52-week low of $13.95 and a 52-week high of $31.55.

NETGEAR (NASDAQ:NTGR) last posted its quarterly earnings data on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.22. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. The company had revenue of $170.53 million during the quarter, compared to analyst estimates of $162.06 million. During the same quarter last year, the business posted ($0.74) earnings per share. The company’s revenue was up 18.5% on a year-over-year basis. On average, equities research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of NETGEAR from a “buy” rating to a “hold” rating in a research note on Saturday.

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.