Connor Clark & Lunn Investment Management Ltd. Increases Stock Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 124.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,413 shares of the communications equipment provider’s stock after buying an additional 80,746 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in NETGEAR were worth $2,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in NETGEAR in the third quarter valued at $91,000. Values First Advisors Inc. purchased a new position in shares of NETGEAR in the 3rd quarter valued at approximately $144,000. State Board of Administration of Florida Retirement System bought a new position in shares of NETGEAR in the 1st quarter worth about $176,000. Creative Planning purchased a new stake in shares of NETGEAR in the 3rd quarter worth approximately $235,000. Finally, Versor Investments LP purchased a new stake in shares of NETGEAR in the third quarter worth $235,000. Institutional investors own 82.97% of the company’s stock.

NETGEAR Stock Up 1.6 %

Shares of NASDAQ NTGR opened at $24.30 on Monday. The company has a 50 day moving average of $21.58 and a 200 day moving average of $17.24. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $25.06. The firm has a market cap of $699.11 million, a P/E ratio of 37.38 and a beta of 0.83.

Insider Activity

In other news, Director Thomas H. Waechter sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 65,318 shares of the company’s stock, valued at $1,306,360. The trade was a 3.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a research note 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.