NETGEAR (NASDAQ:NTGR) Sees Large Volume Increase – Here’s Why

NETGEAR, Inc. (NASDAQ:NTGR) saw an uptick in trading volume on Tuesday . 183,167 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 227,502 shares.The stock last traded at $27.31 and had previously closed at $27.17.

Analyst Ratings Changes

Separately, StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Trading Up 1.6 %

The company has a market cap of $824.26 million, a PE ratio of 44.08 and a beta of 0.83. The company’s 50 day moving average is $26.10 and its 200 day moving average is $21.02.

Insiders Place Their Bets

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the transaction, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. grew its holdings in NETGEAR by 285.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,693 shares of the communications equipment provider’s stock worth $2,221,000 after acquiring an additional 59,005 shares in the last quarter. R Squared Ltd bought a new stake in shares of NETGEAR in the 4th quarter valued at about $72,000. Inspire Investing LLC bought a new stake in shares of NETGEAR in the 4th quarter valued at about $852,000. SG Americas Securities LLC bought a new stake in shares of NETGEAR in the 4th quarter valued at about $375,000. Finally, Franklin Resources Inc. boosted its holdings in shares of NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock valued at $883,000 after buying an additional 2,166 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

About NETGEAR

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.