SG Americas Securities LLC Boosts Stock Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

SG Americas Securities LLC grew its position in NETGEAR, Inc. (NASDAQ:NTGR) by 5.8% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,241 shares of the communications equipment provider’s stock after purchasing an additional 780 shares during the period. SG Americas Securities LLC’s holdings in NETGEAR were worth $348,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in NETGEAR by 29.3% in the 4th quarter. Hsbc Holdings PLC now owns 73,209 shares of the communications equipment provider’s stock valued at $2,012,000 after buying an additional 16,588 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of NETGEAR by 3,539.0% in the first quarter. GAMMA Investing LLC now owns 11,936 shares of the communications equipment provider’s stock valued at $292,000 after acquiring an additional 11,608 shares in the last quarter. Tenzing Global Management LLC increased its position in shares of NETGEAR by 64.3% during the fourth quarter. Tenzing Global Management LLC now owns 287,500 shares of the communications equipment provider’s stock valued at $8,013,000 after acquiring an additional 112,500 shares during the last quarter. Rhumbline Advisers lifted its holdings in NETGEAR by 32.0% during the fourth quarter. Rhumbline Advisers now owns 69,841 shares of the communications equipment provider’s stock worth $1,946,000 after acquiring an additional 16,920 shares during the period. Finally, Bailard Inc. purchased a new position in NETGEAR in the fourth quarter worth $362,000. 82.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised NETGEAR from a “hold” rating to a “buy” rating in a research report on Monday, May 5th.

Insider Buying and Selling at NETGEAR

In related news, Director Laura Durr sold 4,388 shares of the business’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $29.50, for a total value of $129,446.00. Following the sale, the director now directly owns 49,446 shares in the company, valued at approximately $1,458,657. The trade was a 8.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Murray Bryan sold 2,671 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $28.09, for a total transaction of $75,028.39. Following the completion of the sale, the chief financial officer now directly owns 178,945 shares in the company, valued at approximately $5,026,565.05. This trade represents a 1.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,671 shares of company stock valued at $565,429. Company insiders own 2.30% of the company’s stock.

NETGEAR Stock Performance

NASDAQ NTGR opened at $28.49 on Thursday. The company has a market capitalization of $819.94 million, a PE ratio of 34.74 and a beta of 1.14. NETGEAR, Inc. has a 52-week low of $13.96 and a 52-week high of $31.55. The company has a 50-day simple moving average of $27.79 and a 200 day simple moving average of $26.50.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.37. The company had revenue of $162.06 million during the quarter, compared to analyst estimates of $152.24 million. NETGEAR had a net margin of 3.72% and a negative return on equity of 7.63%. NETGEAR’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) EPS. As a group, analysts forecast that NETGEAR, Inc. will post -1.84 EPS 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.