NETGEAR, Inc. $NTGR Shares Acquired by Caxton Associates LLP

Caxton Associates LLP grew its position in NETGEAR, Inc. (NASDAQ:NTGR) by 137.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,950 shares of the communications equipment provider’s stock after acquiring an additional 32,415 shares during the quarter. Caxton Associates LLP owned about 0.21% of NETGEAR worth $1,222,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NETGEAR by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 2,543,240 shares of the communications equipment provider’s stock worth $62,386,000 after purchasing an additional 74,457 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of NETGEAR by 10.8% during the fourth quarter. Brandes Investment Partners LP now owns 1,855,555 shares of the communications equipment provider’s stock worth $45,517,000 after buying an additional 180,295 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of NETGEAR by 5.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,636,697 shares of the communications equipment provider’s stock valued at $53,010,000 after buying an additional 85,228 shares during the last quarter. Windward Management LP purchased a new position in shares of NETGEAR in the fourth quarter worth about $35,468,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in NETGEAR by 17.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 808,805 shares of the communications equipment provider’s stock worth $26,197,000 after acquiring an additional 117,824 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.

NETGEAR Stock Performance

NASDAQ NTGR opened at $24.93 on Monday. The stock’s fifty day moving average is $23.97 and its two-hundred day moving average is $23.17. The firm has a market capitalization of $669.12 million, a P/E ratio of -28.33 and a beta of 1.19. NETGEAR, Inc. has a fifty-two week low of $19.00 and a fifty-two week high of $36.86.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. NETGEAR had a negative return on equity of 2.71% and a negative net margin of 3.58%.The business had revenue of $158.82 million during the quarter, compared to the consensus estimate of $152.49 million. During the same period last year, the company earned $0.02 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, sell-side analysts forecast that NETGEAR, Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NETGEAR in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Insider Activity

In other news, Director Laura Durr sold 1,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $26.76, for a total value of $26,760.00. Following the completion of the sale, the director owned 42,059 shares of the company’s stock, valued at $1,125,498.84. This represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sarah Butterfass sold 2,704 shares of NETGEAR stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.90, for a total transaction of $72,737.60. Following the sale, the director directly owned 38,953 shares in the company, valued at approximately $1,047,835.70. The trade was a 6.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 12,085 shares of company stock worth $318,703. Company insiders own 3.10% of the company’s stock.

NETGEAR Profile

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.