Empowered Funds LLC Buys 7,243 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Empowered Funds LLC increased its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,219 shares of the communications equipment provider’s stock after acquiring an additional 7,243 shares during the quarter. Empowered Funds LLC owned 0.52% of NETGEAR worth $4,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NTGR. Tenzing Global Management LLC bought a new stake in shares of NETGEAR in the 3rd quarter valued at $3,510,000. Los Angeles Capital Management LLC bought a new stake in shares of NETGEAR in the 3rd quarter valued at $1,805,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after acquiring an additional 80,746 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of NETGEAR by 285.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider’s stock valued at $2,221,000 after acquiring an additional 59,005 shares in the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of NETGEAR in the 4th quarter valued at $939,000. Institutional investors own 82.97% of the company’s stock.

NETGEAR Trading Down 4.8 %

Shares of NTGR stock opened at $29.42 on Thursday. The firm has a market capitalization of $846.41 million, a PE ratio of 73.55 and a beta of 0.83. The firm has a fifty day simple moving average of $27.15 and a two-hundred day simple moving average of $22.33. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $31.55.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, meeting analysts’ consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. On average, equities analysts predict that NETGEAR, Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NTGR shares. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Raymond James boosted their price target on shares of NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th.

Insiders Place Their Bets

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now directly owns 61,135 shares of the company’s stock, valued at $1,859,726.70. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.00% 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.