AYAL Capital Advisors Ltd Purchases 160,002 Shares of NETGEAR, Inc. $NTGR

AYAL Capital Advisors Ltd increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 177.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 250,002 shares of the communications equipment provider’s stock after acquiring an additional 160,002 shares during the quarter. NETGEAR comprises approximately 1.7% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 8th biggest holding. AYAL Capital Advisors Ltd owned about 0.86% of NETGEAR worth $7,268,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in NETGEAR in the second quarter worth $58,000. Northwestern Mutual Wealth Management Co. increased its position in shares of NETGEAR by 2,530.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the communications equipment provider’s stock valued at $153,000 after buying an additional 5,060 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in NETGEAR during the 2nd quarter worth $177,000. First Trust Advisors LP acquired a new stake in NETGEAR during the 2nd quarter worth $203,000. Finally, Parallax Volatility Advisers L.P. bought a new position in NETGEAR during the first quarter worth about $206,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NTGR shares. Stifel Nicolaus boosted their price objective on NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Seaport Res Ptn raised shares of NETGEAR to a “strong-buy” rating in a research note on Wednesday, October 1st. Zacks Research cut shares of NETGEAR from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “sell (d)” rating on shares of NETGEAR in a research report on Monday. Finally, Raymond James Financial boosted their price objective on shares of NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, NETGEAR presently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

NETGEAR Stock Down 3.2%

Shares of NTGR opened at $24.57 on Friday. NETGEAR, Inc. has a twelve month low of $18.75 and a twelve month high of $36.86. The stock has a market capitalization of $697.86 million, a P/E ratio of -27.00 and a beta of 1.20. The company has a 50 day moving average of $29.52 and a 200-day moving average of $28.49.

Insider Buying and Selling

In other NETGEAR news, Director Shravan Goli sold 2,047 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $29.95, for a total transaction of $61,307.65. Following the transaction, the director owned 29,238 shares of the company’s stock, valued at $875,678.10. The trade was a 6.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Pramod Badjate sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $24.60, for a total value of $98,400.00. Following the sale, the insider owned 155,361 shares in the company, valued at approximately $3,821,880.60. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,315 shares of company stock worth $661,592. Insiders own 2.30% of the company’s stock.

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.