Verition Fund Management LLC Makes New $348,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Verition Fund Management LLC purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 17,342 shares of the communications equipment provider’s stock, valued at approximately $348,000.

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in NETGEAR in the third quarter valued at about $91,000. Values First Advisors Inc. purchased a new stake in shares of NETGEAR in the 3rd quarter valued at approximately $144,000. Creative Planning acquired a new position in shares of NETGEAR in the 3rd quarter worth approximately $235,000. Versor Investments LP purchased a new position in shares of NETGEAR during the 3rd quarter worth approximately $235,000. Finally, Inspire Advisors LLC acquired a new stake in NETGEAR in the 3rd quarter valued at approximately $387,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

NETGEAR Price Performance

NASDAQ NTGR opened at $25.41 on Friday. The firm’s fifty day moving average price is $22.86 and its 200 day moving average price is $18.40. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $25.81. The company has a market capitalization of $731.05 million, a price-to-earnings ratio of 39.09 and a beta of 0.86.

NETGEAR 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.