GHP Investment Advisors Inc. increased its position in shares of NetGear, Inc. (NASDAQ:NTGR) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,767 shares of the communications equipment provider’s stock after purchasing an additional 880 shares during the period. GHP Investment Advisors Inc. owned 0.08% of NetGear worth $1,455,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in NTGR. Crossmark Global Holdings Inc. acquired a new stake in NetGear during the third quarter worth about $301,000. Stevens Capital Management LP increased its position in NetGear by 41.8% during the third quarter. Stevens Capital Management LP now owns 7,186 shares of the communications equipment provider’s stock worth $342,000 after purchasing an additional 2,118 shares during the last quarter. Global X MANAGEMENT CO LLC increased its position in NetGear by 14.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 14,274 shares of the communications equipment provider’s stock worth $679,000 after purchasing an additional 1,819 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in NetGear by 20.3% during the third quarter. BNP Paribas Arbitrage SA now owns 18,428 shares of the communications equipment provider’s stock worth $877,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Sei Investments Co. increased its position in NetGear by 11.3% during the third quarter. Sei Investments Co. now owns 91,558 shares of the communications equipment provider’s stock worth $4,358,000 after purchasing an additional 9,324 shares during the last quarter. Hedge funds and other institutional investors own 97.52% of the company’s stock.
NetGear, Inc. (NASDAQ:NTGR) opened at $58.90 on Wednesday. The firm has a market cap of $1,884.44, a PE ratio of 25.88 and a beta of 1.93. NetGear, Inc. has a 12 month low of $41.50 and a 12 month high of $71.42.
NTGR has been the subject of several recent analyst reports. BWS Financial set a $75.00 price objective on shares of NetGear and gave the stock a “buy” rating in a research report on Friday, January 12th. BidaskClub upgraded shares of NetGear from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Raymond James Financial upgraded shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company in a research report on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of NetGear from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.20.
In other NetGear news, insider Mark G. Merrill sold 3,000 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $54.05, for a total transaction of $162,150.00. Following the completion of the transaction, the insider now owns 30,659 shares of the company’s stock, valued at $1,657,118.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick Cs Lo sold 13,999 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $59.92, for a total transaction of $838,820.08. Following the transaction, the chief executive officer now directly owns 183,125 shares of the company’s stock, valued at approximately $10,972,850. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,279 shares of company stock valued at $4,449,754. 6.20% of the stock is currently owned by insiders.
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NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.
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