NETGEAR, Inc. (NASDAQ:NTGR) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 20.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 508,397 shares of the communications equipment provider’s stock after selling 130,429 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NETGEAR were worth $10,198,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of NETGEAR by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 37,779 shares of the communications equipment provider’s stock worth $596,000 after purchasing an additional 1,247 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of NETGEAR by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider’s stock worth $1,888,000 after buying an additional 8,050 shares in the last quarter. Mizuho Markets Americas LLC grew its holdings in NETGEAR by 43.4% during the second quarter. Mizuho Markets Americas LLC now owns 95,884 shares of the communications equipment provider’s stock worth $1,467,000 after acquiring an additional 29,000 shares during the period. Rhumbline Advisers increased its holdings 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 valued at $721,000 after purchasing an additional 1,904 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of 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. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the sale, the director now owns 65,318 shares in the company, 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 this link. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 $24.17 on Tuesday. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $25.81. The company’s fifty day moving average price is $22.53 and its two-hundred day moving average price is $18.22. The firm has a market capitalization of $695.37 million, a P/E ratio of 37.18 and a beta of 0.86.

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.