NETGEAR, Inc. (NASDAQ:NTGR) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 28.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,091 shares of the communications equipment provider’s stock after buying an additional 2,249 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NETGEAR were worth $147,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Walleye Capital LLC lifted its position in NETGEAR by 279.2% during the 3rd quarter. Walleye Capital LLC now owns 151,718 shares of the communications equipment provider’s stock worth $1,910,000 after acquiring an additional 111,713 shares during the period. Charles Schwab Investment Management Inc. boosted its position in NETGEAR by 15.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 659,460 shares of the communications equipment provider’s stock valued at $8,303,000 after buying an additional 86,937 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in NETGEAR by 66.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock valued at $5,540,000 after buying an additional 175,288 shares during the last quarter. Brandes Investment Partners LP raised its position in NETGEAR by 38.7% during the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock worth $43,635,000 after buying an additional 967,537 shares during the last quarter. Finally, Algert Global LLC raised its position in NETGEAR by 129.5% during the 3rd quarter. Algert Global LLC now owns 129,018 shares of the communications equipment provider’s stock worth $1,624,000 after buying an additional 72,800 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “neutral” rating and issued a $13.00 price objective on shares of NETGEAR in a research note on Thursday, May 2nd.

Insider Transactions at NETGEAR

In related news, CRO Michael A. Werdann sold 9,244 shares of NETGEAR stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $12.15, for a total value of $112,314.60. Following the completion of the transaction, the executive now owns 79,668 shares in the company, valued at approximately $967,966.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other NETGEAR news, insider Andrew Wonki Kim sold 5,723 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the transaction, the insider now directly owns 76,656 shares in the company, valued at $1,114,578.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Michael A. Werdann sold 9,244 shares of NETGEAR stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $12.15, for a total transaction of $112,314.60. Following the completion of the sale, the executive now owns 79,668 shares in the company, valued at approximately $967,966.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,856 shares of company stock valued at $280,918 in the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

NETGEAR Trading Up 0.8 %

Shares of NASDAQ:NTGR opened at $11.58 on Thursday. NETGEAR, Inc. has a 12-month low of $10.40 and a 12-month high of $15.93. The business has a 50 day moving average of $14.60 and a two-hundred day moving average of $14.09. The company has a market capitalization of $336.63 million, a PE ratio of -3.01 and a beta of 0.86.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.04. The firm had revenue of $188.67 million during the quarter, compared to analysts’ expectations of $185.14 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. The business’s revenue was down 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.21) EPS. Equities research analysts predict that NETGEAR, Inc. will post -0.16 earnings per share for the current fiscal year.

NETGEAR 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.