NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in NETGEAR, Inc. (NASDAQ:NTGR) by 25.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,436 shares of the communications equipment provider’s stock after selling 14,275 shares during the period. Atria Investments Inc’s holdings in NETGEAR were worth $851,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NTGR. Brandes Investment Partners LP boosted 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 purchasing an additional 247,162 shares during the period. Vanguard Group Inc. increased its holdings in NETGEAR by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock worth $39,642,000 after purchasing an additional 105,994 shares during the period. American Century Companies Inc. raised its position in NETGEAR by 137.3% in the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock valued at $5,415,000 after purchasing an additional 204,734 shares in the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of NETGEAR by 11.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 329,300 shares of the communications equipment provider’s stock valued at $5,038,000 after buying an additional 35,100 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of NETGEAR by 10.6% during the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock worth $4,024,000 after buying an additional 25,200 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

NETGEAR Price Performance

NASDAQ:NTGR opened at $24.46 on Tuesday. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $25.06. The firm has a market capitalization of $703.71 million, a PE ratio of 37.15 and a beta of 0.83. The business’s fifty day moving average price is $20.98 and its 200 day moving average price is $16.84.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the director now owns 65,318 shares in the company, valued at approximately $1,306,360. This represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

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

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.