NETGEAR (NASDAQ:NTGR) Upgraded at StockNews.com

StockNews.com upgraded shares of NETGEAR (NASDAQ:NTGR) from a hold rating to a buy rating in a report published on Monday.

NETGEAR Stock Performance

Shares of NASDAQ:NTGR opened at $15.93 on Monday. The firm has a market cap of $463.56 million, a PE ratio of -4.14 and a beta of 0.82. The firm’s fifty day moving average is $15.54 and its 200-day moving average is $14.73. NETGEAR has a 52 week low of $10.40 and a 52 week high of $18.66.

Hedge Funds Weigh In On NETGEAR

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP lifted its holdings in NETGEAR by 6.8% in the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after buying an additional 247,162 shares during the period. Vanguard Group Inc. raised its holdings in shares of NETGEAR by 4.4% during the first quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock valued at $39,642,000 after purchasing an additional 105,994 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of NETGEAR by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,342,061 shares of the communications equipment provider’s stock valued at $19,568,000 after purchasing an additional 26,519 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NETGEAR by 9.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 723,246 shares of the communications equipment provider’s stock valued at $10,545,000 after purchasing an additional 63,786 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of NETGEAR by 72.4% during the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after purchasing an additional 261,705 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.