NETGEAR, Inc. (NASDAQ:NTGR) Shares Purchased by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,778 shares of the communications equipment provider’s stock after acquiring an additional 3,555 shares during the quarter. Sherbrooke Park Advisers LLC owned approximately 0.06% of NETGEAR worth $468,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NTGR. ProShare Advisors LLC purchased a new position in NETGEAR during the fourth quarter worth approximately $219,000. Nuveen Asset Management LLC raised its stake in NETGEAR by 27.6% during the fourth quarter. Nuveen Asset Management LLC now owns 113,356 shares of the communications equipment provider’s stock worth $3,159,000 after purchasing an additional 24,487 shares during the period. NorthRock Partners LLC purchased a new position in NETGEAR during the fourth quarter worth approximately $833,000. Lazard Asset Management LLC raised its stake in NETGEAR by 87.1% during the fourth quarter. Lazard Asset Management LLC now owns 129,691 shares of the communications equipment provider’s stock worth $3,614,000 after purchasing an additional 60,385 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in NETGEAR by 22.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 506,756 shares of the communications equipment provider’s stock worth $14,123,000 after purchasing an additional 93,737 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In related news, CFO Murray Bryan sold 3,848 shares of NETGEAR stock in a transaction on Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the sale, the chief financial officer now owns 193,032 shares of the company’s stock, valued at $4,617,325.44. The trade was a 1.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Charles J. Prober sold 10,929 shares of NETGEAR stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the sale, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. This trade represents a 2.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,448 shares of company stock valued at $458,221. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NTGR. StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Raymond James increased their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.

NETGEAR Trading Up 3.5%

Shares of NTGR stock opened at $30.38 on Friday. The company’s fifty day simple moving average is $24.50 and its 200-day simple moving average is $25.55. NETGEAR, Inc. has a 52 week low of $12.39 and a 52 week high of $31.55. The company has a market cap of $874.40 million, a PE ratio of 75.95 and a beta of 1.09.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, April 30th. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.37. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The business had revenue of $162.06 million for the quarter, compared to the consensus estimate of $152.24 million. During the same quarter last year, the firm posted ($0.28) EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current fiscal year.

NETGEAR Company 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.