Values First Advisors Inc. Takes $144,000 Position in NETGEAR, Inc. (NASDAQ:NTGR)

Values First Advisors Inc. purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 7,171 shares of the communications equipment provider’s stock, valued at approximately $144,000.

Several other large investors have also recently added to or reduced their stakes in NTGR. Headlands Technologies LLC bought a new stake in NETGEAR during the first quarter valued at $30,000. Allspring Global Investments Holdings LLC raised its stake in NETGEAR by 229.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 9,940 shares of the communications equipment provider’s stock worth $157,000 after acquiring an additional 6,921 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in NETGEAR during the first quarter worth about $176,000. Creative Planning bought a new position in NETGEAR in the third quarter worth about $235,000. Finally, Inspire Advisors LLC acquired a new position in NETGEAR in the third quarter valued at approximately $387,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Thomas H. Waechter sold 2,500 shares of NETGEAR stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.00, for a total value of $50,000.00. Following the transaction, the director now owns 65,318 shares of the company’s stock, valued at approximately $1,306,360. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

NETGEAR Stock Up 0.3 %

Shares of NTGR opened at $20.22 on Friday. NETGEAR, Inc. has a 52-week low of $10.48 and a 52-week high of $22.62. The firm has a market capitalization of $588.40 million, a PE ratio of -5.25 and a beta of 0.83. The firm has a 50-day moving average price of $18.91 and a 200 day moving average price of $15.94.

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

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.