Trading Report: The Louisiana State Employees Retirement System decides to keep it stake in Netgear Inc. (NTGR) to the level of $685,000

The Louisiana State Employees Retirement System decides to keep it stake in Netgear Inc. (NTGR) to the level of $685,000

Louisiana State Employees Retirement System continued to hold its stake in Netgear Inc. (NASDAQ:NTGR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,400 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Netgear were worth $685,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NTGR. Nisa Investment Advisors LLC raised its position in Netgear by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 30,350 shares of the company’s stock worth $1,443,000 after buying an additional 150 shares in the last quarter. Capstone Asset Management Co. raised its position in Netgear by 3.9% in the second quarter. Capstone Asset Management Co. now owns 10,066 shares of the company’s stock worth $479,000 after buying an additional 380 shares in the last quarter. Aperio Group LLC raised its position in Netgear by 5.7% in the first quarter. Aperio Group LLC now owns 8,871 shares of the company’s stock worth $358,000 after buying an additional 476 shares in the last quarter. Bayesian Capital Management LP raised its position in Netgear by 6.6% in the first quarter. Bayesian Capital Management LP now owns 8,123 shares of the company’s stock worth $328,000 after buying an additional 500 shares in the last quarter. Finally, Royal Bank of Canada raised its position in Netgear by 33.6% in the first quarter. Royal Bank of Canada now owns 3,505 shares of the company’s stock worth $141,000 after buying an additional 882 shares in the last quarter. 99.48% of the stock is owned by institutional investors and hedge funds.

Netgear Inc. (NASDAQ:NTGR) traded down 1.28% during mid-day trading on Wednesday, reaching $53.41. 319,049 shares of the company were exchanged. Netgear Inc. has a 12-month low of $31.65 and a 12-month high of $60.82. The company’s 50 day moving average price is $57.55 and its 200-day moving average price is $48.78. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 25.41 and a beta of 1.92.

Netgear (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The company earned $311.66 million during the quarter, compared to analysts’ expectations of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. Netgear’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 EPS. On average, equities research analysts forecast that Netgear Inc. will post $2.96 earnings per share for the current fiscal year.

A number of research firms have weighed in on NTGR. Vetr raised shares of Netgear from a “buy” rating to a “strong-buy” rating and set a $60.73 target price for the company in a research report on Tuesday. BWS Financial lowered shares of Netgear from a “buy” rating to a “hold” rating and cut their target price for the stock from $64.00 to $60.00 in a research report on Monday, October 3rd. Rosenblatt Securities reissued a “neutral” rating and set a $61.00 target price (up previously from $55.00) on shares of Netgear in a research report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Netgear from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Wunderlich boosted their price objective on shares of Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, September 8th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Netgear currently has a consensus rating of “Hold” and a consensus price target of $53.36.

In other news, SVP Michael F. Falcon sold 1,042 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $59.63, for a total transaction of $62,134.46. Following the completion of the sale, the senior vice president now owns 35,870 shares in the company, valued at approximately $2,138,928.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tamesa Rogers sold 650 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $52.25, for a total transaction of $33,962.50. Following the sale, the senior vice president now owns 13,525 shares of the company’s stock, valued at approximately $706,681.25. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

About Netgear

NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.

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