Thomas H. Waechter Sells 2,000 Shares of NETGEAR, Inc. (NASDAQ:NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) Director Thomas H. Waechter sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

NETGEAR Stock Performance

NTGR stock opened at $26.71 on Friday. The firm has a market cap of $768.45 million, a P/E ratio of 41.09 and a beta of 0.86. The firm’s fifty day moving average is $23.48 and its 200 day moving average is $18.83. NETGEAR, Inc. has a 52 week low of $10.48 and a 52 week high of $31.55.

Institutional Trading of NETGEAR

Several institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of NETGEAR by 10.6% in the 2nd quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock valued at $4,024,000 after acquiring an additional 25,200 shares during the last quarter. Federated Hermes Inc. increased its stake in NETGEAR by 125.0% in the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock worth $1,957,000 after purchasing an additional 71,054 shares during the period. Brandes Investment Partners LP lifted its position 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 purchasing an additional 247,162 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after purchasing an additional 26,756 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of NETGEAR during the third quarter valued at approximately $1,805,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

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.