California Public Employees Retirement System Sells 16,998 Shares of NetGear, Inc. (NASDAQ:NTGR)

Share on StockTwits

California Public Employees Retirement System trimmed its position in NetGear, Inc. (NASDAQ:NTGR) by 18.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,679 shares of the communications equipment provider’s stock after selling 16,998 shares during the quarter. California Public Employees Retirement System owned approximately 0.23% of NetGear worth $4,605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NTGR. BTIM Corp. bought a new position in shares of NetGear during the 2nd quarter valued at about $33,528,000. Acadian Asset Management LLC acquired a new stake in NetGear in the 2nd quarter valued at approximately $17,811,000. BlackRock Inc. raised its position in NetGear by 5.5% in the 2nd quarter. BlackRock Inc. now owns 4,566,762 shares of the communications equipment provider’s stock valued at $285,423,000 after buying an additional 236,386 shares during the last quarter. Millennium Management LLC raised its position in NetGear by 623.9% in the 1st quarter. Millennium Management LLC now owns 268,105 shares of the communications equipment provider’s stock valued at $15,336,000 after buying an additional 231,070 shares during the last quarter. Finally, UBS Group AG raised its position in NetGear by 342.5% in the 1st quarter. UBS Group AG now owns 214,527 shares of the communications equipment provider’s stock valued at $12,271,000 after buying an additional 166,046 shares during the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

Shares of NTGR stock traded down $1.22 during trading on Friday, reaching $54.91. 142,268 shares of the company’s stock were exchanged, compared to its average volume of 295,194. The firm has a market capitalization of $1.79 billion, a PE ratio of 23.67 and a beta of 2.11. NetGear, Inc. has a twelve month low of $48.80 and a twelve month high of $78.30.

In other news, SVP Michael F. Falcon sold 521 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $72.80, for a total transaction of $37,928.80. Following the completion of the sale, the senior vice president now directly owns 41,326 shares in the company, valued at approximately $3,008,532.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tamesa Rogers sold 2,000 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $55.37, for a total value of $110,740.00. Following the sale, the senior vice president now owns 32,102 shares of the company’s stock, valued at $1,777,487.74. The disclosure for this sale can be found here. Insiders sold a total of 56,670 shares of company stock valued at $3,472,795 over the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

NTGR has been the topic of a number of recent research reports. Guggenheim reissued a “buy” rating on shares of NetGear in a research report on Tuesday, August 28th. Raymond James set a $80.00 target price on NetGear and gave the company a “buy” rating in a research report on Wednesday, September 5th. Cowen began coverage on NetGear in a research report on Monday, October 1st. They set a “hold” rating and a $63.00 price target on the stock. TheStreet lowered NetGear from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Finally, BidaskClub lowered NetGear from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.40.

ILLEGAL ACTIVITY NOTICE: “California Public Employees Retirement System Sells 16,998 Shares of NetGear, Inc. (NASDAQ:NTGR)” was first reported by BBNS and is owned by of BBNS. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://baseballnewssource.com/2018/11/10/netgear-inc-ntgr-position-reduced-by-california-public-employees-retirement-system/2847495.html.

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.

Featured Story: How to Invest in Marijuana Stocks

Institutional Ownership by Quarter for NetGear (NASDAQ:NTGR)

Receive News & Ratings for NetGear Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NetGear and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.