Netgear (NASDAQ:NTGR) SVP Sells $694,782.00 in Stock

Netgear (NASDAQ:NTGR) SVP David John Henry sold 11,979 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $58.00, for a total value of $694,782.00. Following the transaction, the senior vice president now owns 51,464 shares of the company’s stock, valued at $2,984,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

David John Henry also recently made the following trade(s):

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  • On Thursday, March 1st, David John Henry sold 1,465 shares of Netgear stock. The stock was sold at an average price of $55.55, for a total value of $81,380.75.

NTGR stock traded up $1.95 during mid-day trading on Tuesday, reaching $58.10. The company had a trading volume of 353,799 shares, compared to its average volume of 515,259. The company has a market cap of $1,795.00, a price-to-earnings ratio of 25.04 and a beta of 1.90. Netgear has a 52 week low of $41.50 and a 52 week high of $71.42.

Netgear (NASDAQ:NTGR) last posted its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. The firm had revenue of $397.06 million during the quarter, compared to the consensus estimate of $393.27 million. Netgear had a return on equity of 9.92% and a net margin of 1.38%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. equities analysts forecast that Netgear will post 3.26 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NTGR. Glenmede Trust Co. NA bought a new position in Netgear in the fourth quarter valued at approximately $50,574,000. Bank of New York Mellon Corp boosted its stake in shares of Netgear by 11.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,917,611 shares of the communications equipment provider’s stock worth $91,278,000 after acquiring an additional 196,863 shares during the period. Majedie Asset Management Ltd bought a new position in shares of Netgear during the 4th quarter worth approximately $10,593,000. First Trust Advisors LP boosted its stake in shares of Netgear by 12.2% during the 4th quarter. First Trust Advisors LP now owns 1,167,474 shares of the communications equipment provider’s stock worth $68,589,000 after acquiring an additional 127,046 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of Netgear by 1,300.5% during the 4th quarter. Acadian Asset Management LLC now owns 112,696 shares of the communications equipment provider’s stock worth $6,621,000 after acquiring an additional 104,649 shares during the period. Hedge funds and other institutional investors own 97.52% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Netgear from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a report on Wednesday, January 10th. BidaskClub upgraded Netgear from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Raymond James Financial upgraded Netgear from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a research note on Monday, December 18th. Finally, BWS Financial set a $75.00 price target on Netgear and gave the company a “buy” rating in a research note on Friday, January 12th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.50.

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Netgear Company Profile

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

Insider Buying and Selling by Quarter for Netgear (NASDAQ:NTGR)

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