NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 56.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,627 shares of the communications equipment provider’s stock after selling 16,394 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in NETGEAR were worth $193,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in NETGEAR by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 37,779 shares of the communications equipment provider’s stock valued at $596,000 after buying an additional 1,247 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of NETGEAR by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after acquiring an additional 1,904 shares during the period. Headlands Technologies LLC purchased a new stake in shares of NETGEAR in the first quarter valued at about $30,000. Donald Smith & CO. Inc. increased its stake in shares of NETGEAR by 0.7% during the first quarter. Donald Smith & CO. Inc. now owns 294,200 shares of the communications equipment provider’s stock worth $4,640,000 after acquiring an additional 2,008 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of NETGEAR during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of NETGEAR from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

Insider Activity at NETGEAR

In other NETGEAR news, Director Thomas H. Waechter sold 2,500 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the sale, the director now directly owns 65,318 shares in the company, valued at $1,306,360. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

NETGEAR Stock Performance

Shares of NASDAQ NTGR opened at $19.91 on Friday. NETGEAR, Inc. has a one year low of $10.40 and a one year high of $22.62. The firm has a market capitalization of $571.02 million, a P/E ratio of -5.17 and a beta of 0.82. The company’s fifty day moving average is $16.71 and its two-hundred day moving average is $15.14.

NETGEAR (NASDAQ:NTGR) last released its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported ($0.94) EPS for the quarter, hitting analysts’ consensus estimates of ($0.94). NETGEAR had a negative net margin of 21.62% and a negative return on equity of 7.52%. The firm had revenue of $143.90 million for the quarter, compared to the consensus estimate of $132.69 million. On average, sell-side analysts forecast that NETGEAR, Inc. will post -2.11 earnings per share for the current fiscal year.

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.