Today, Netgear Inc. (NTGR) SVP Sold $20,643.75 in Stock

Today, Netgear Inc. (NTGR) SVP Sold $20,643.75 in Stock

Netgear Inc. (NASDAQ:NTGR) SVP Patrick J. Collins III sold 375 shares of the stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $55.05, for a total transaction of $20,643.75. Following the completion of the transaction, the senior vice president now owns 18,800 shares of the company’s stock, valued at $1,034,940. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Netgear Inc. (NASDAQ:NTGR) opened at 51.78 on Monday. Netgear Inc. has a one year low of $31.94 and a one year high of $60.82. The stock’s 50 day moving average is $57.16 and its 200-day moving average is $48.93. The stock has a market cap of $1.70 billion, a P/E ratio of 24.63 and a beta of 1.92.

Netgear (NASDAQ:NTGR) last issued its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.12. The firm earned $311.66 million during the quarter, compared to analyst estimates of $298.87 million. Netgear had a net margin of 5.25% and a return on equity of 12.06%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Netgear Inc. will post $2.96 EPS for the current year.

Several brokerages recently issued reports on NTGR. Zacks Investment Research lowered shares of Netgear from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Vetr upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $60.73 price target for the company in a research note on Tuesday, October 4th. Rosenblatt Securities lowered shares of Netgear from a “buy” rating to a “neutral” rating and set a $47.50 price target for the company. in a research note on Tuesday, July 12th. BWS Financial increased their price target on shares of Netgear from $50.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, July 28th. Finally, Wunderlich increased their price target on shares of Netgear from $58.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, September 8th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Netgear has an average rating of “Hold” and an average target price of $53.36.

Hedge funds have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its stake in shares of Netgear by 6,330.6% in the first quarter. Glenmede Trust Co. NA now owns 11,575 shares of the company’s stock worth $466,000 after buying an additional 11,395 shares in the last quarter. Aperio Group LLC raised its stake in shares of 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. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Netgear during the first quarter worth about $216,000. TIAA CREF Investment Management LLC raised its stake in shares of Netgear by 5.8% in the first quarter. TIAA CREF Investment Management LLC now owns 231,418 shares of the company’s stock worth $9,342,000 after buying an additional 12,748 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Netgear by 31.1% in the first quarter. Teachers Advisors Inc. now owns 279,231 shares of the company’s stock worth $11,273,000 after buying an additional 66,305 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

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