Public Employees Retirement System of Ohio Cuts Position in NETGEAR, Inc. $NTGR

Public Employees Retirement System of Ohio lessened its position in NETGEAR, Inc. (NASDAQ:NTGR) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,171 shares of the communications equipment provider’s stock after selling 347 shares during the period. Public Employees Retirement System of Ohio owned about 0.16% of NETGEAR worth $1,313,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NTGR. Tenzing Global Management LLC lifted its stake in shares of NETGEAR by 100.0% in the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider’s stock worth $14,064,000 after buying an additional 287,500 shares in the last quarter. Picton Mahoney Asset Management lifted its position in NETGEAR by 4,835.7% during the first quarter. Picton Mahoney Asset Management now owns 162,878 shares of the communications equipment provider’s stock valued at $3,983,000 after purchasing an additional 159,578 shares during the period. Acadian Asset Management LLC lifted 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 valued at $26,303,000 after purchasing an additional 152,183 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in NETGEAR by 143.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 193,778 shares of the communications equipment provider’s stock valued at $4,740,000 after purchasing an additional 114,085 shares during the period. Finally, Nuveen LLC bought a new position in NETGEAR during the first quarter valued at approximately $2,741,000. Institutional investors own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NTGR shares. Weiss Ratings restated a “hold (c)” rating on shares of NETGEAR in a research report on Saturday, September 27th. Wall Street Zen downgraded shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Stifel Nicolaus started coverage on shares of NETGEAR in a research report on Friday, August 22nd. They set a “buy” rating and a $35.00 price objective on the stock. UBS Group set a $35.00 price objective on shares of NETGEAR in a research report on Thursday, August 21st. Finally, Seaport Res Ptn upgraded shares of NETGEAR to a “strong-buy” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $33.00.

Insiders Place Their Bets

In related news, Director Shravan Goli sold 11,757 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $26.11, for a total transaction of $306,975.27. Following the completion of the transaction, the director directly owned 31,285 shares of the company’s stock, valued at approximately $816,851.35. This trade represents a 27.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

NETGEAR Stock Performance

NTGR opened at $33.09 on Friday. The stock has a market capitalization of $959.94 million, a price-to-earnings ratio of 15.32 and a beta of 1.09. The company has a fifty day moving average of $27.26 and a 200 day moving average of $27.00. NETGEAR, Inc. has a fifty-two week low of $18.75 and a fifty-two week high of $34.49.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 30th. The communications equipment provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.22. The company had revenue of $170.53 million during the quarter, compared to analysts’ expectations of $162.06 million. NETGEAR had a net margin of 9.13% and a negative return on equity of 3.24%. NETGEAR’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted ($0.74) earnings per share. NETGEAR has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that NETGEAR, Inc. will post -1.84 earnings per share for the current 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.