State Street Corp Decreases Stock Position in NETGEAR, Inc. (NASDAQ:NTGR)

State Street Corp lessened its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 694,533 shares of the communications equipment provider’s stock after selling 1,793 shares during the period. State Street Corp’s holdings in NETGEAR were worth $13,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NTGR. Brandes Investment Partners LP lifted 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 acquiring an additional 247,162 shares during the period. American Century Companies Inc. grew its stake 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 worth $5,415,000 after acquiring an additional 204,734 shares during the period. Los Angeles Capital Management LLC purchased a new stake in NETGEAR in the 3rd quarter valued at about $1,805,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of NETGEAR by 124.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after purchasing an additional 80,746 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of 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. 82.97% of the stock is 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 report on Friday, November 1st.

NETGEAR Price Performance

Shares of NTGR stock opened at $28.39 on Wednesday. The firm has a market cap of $816.78 million, a P/E ratio of 43.68 and a beta of 0.86. NETGEAR, Inc. has a 1-year low of $10.48 and a 1-year high of $31.55. The firm has a fifty day moving average of $23.75 and a two-hundred day moving average of $19.10.

Insider Transactions at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of the business’s 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 completion of the transaction, the director now directly owns 61,135 shares of the company’s stock, valued at $1,859,726.70. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

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.