Nkcfo LLC Makes New $279,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Nkcfo LLC purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the communications equipment provider’s stock, valued at approximately $279,000.

A number of other large investors have also made changes to their positions in the company. Quarry LP grew its stake in NETGEAR by 66.5% in the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock valued at $37,000 after acquiring an additional 741 shares during the period. Franklin Resources Inc. grew its position in shares of NETGEAR by 5.3% in the 3rd quarter. Franklin Resources Inc. now owns 42,673 shares of the communications equipment provider’s stock valued at $883,000 after purchasing an additional 2,166 shares during the period. New York State Teachers Retirement System acquired a new stake in NETGEAR during the 4th quarter worth approximately $72,000. R Squared Ltd bought a new position in NETGEAR in the fourth quarter valued at approximately $72,000. Finally, Barclays PLC boosted its holdings in shares of NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock valued at $870,000 after buying an additional 4,125 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insider Activity at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total value of $60,840.00. Following the completion of the transaction, the director now owns 61,135 shares of the company’s stock, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 7.00% of the company’s stock.

NETGEAR Stock Down 3.3 %

NASDAQ NTGR opened at $28.46 on Friday. The firm’s 50 day moving average is $27.39 and its 200-day moving average is $22.56. The company has a market capitalization of $818.79 million, a PE ratio of 71.15 and a beta of 0.83. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. As a group, sell-side analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NTGR. StockNews.com upgraded shares of NETGEAR from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Raymond James boosted their price target on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, February 6th.

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.