NetGear, Inc. (NASDAQ:NTGR) SVP David John Henry sold 749 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.80, for a total transaction of $25,316.20. Following the completion of the transaction, the senior vice president now owns 28,812 shares in the company, valued at $973,845.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

David John Henry also recently made the following trade(s):

  • On Monday, April 1st, David John Henry sold 4 shares of NetGear stock. The shares were sold at an average price of $33.17, for a total transaction of $132.68.

Shares of NTGR stock opened at $34.28 on Thursday. NetGear, Inc. has a 1 year low of $31.80 and a 1 year high of $78.30. The company has a market cap of $1.09 billion, a PE ratio of 19.70 and a beta of 1.81.

NetGear (NASDAQ:NTGR) last announced its earnings results on Wednesday, February 6th. The communications equipment provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.26). NetGear had a positive return on equity of 8.66% and a negative net margin of 0.19%. The company had revenue of $288.90 million for the quarter, compared to analyst estimates of $409.26 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. NetGear’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that NetGear, Inc. will post 2.52 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of NetGear by 1.2% during the third quarter. BlackRock Inc. now owns 4,623,187 shares of the communications equipment provider’s stock worth $290,566,000 after purchasing an additional 56,425 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NetGear by 2.3% during the third quarter. Vanguard Group Inc. now owns 3,125,034 shares of the communications equipment provider’s stock worth $196,410,000 after purchasing an additional 71,021 shares in the last quarter. Vanguard Group Inc lifted its position in shares of NetGear by 2.3% during the third quarter. Vanguard Group Inc now owns 3,125,034 shares of the communications equipment provider’s stock worth $196,410,000 after purchasing an additional 71,021 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of NetGear by 1.3% during the third quarter. Macquarie Group Ltd. now owns 707,990 shares of the communications equipment provider’s stock worth $44,497,000 after purchasing an additional 8,888 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of NetGear by 73.5% during the third quarter. Morgan Stanley now owns 234,066 shares of the communications equipment provider’s stock worth $14,711,000 after purchasing an additional 99,152 shares in the last quarter. Institutional investors own 99.99% of the company’s stock.

NTGR has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of NetGear from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine lowered shares of NetGear from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research lowered shares of NetGear from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. NetGear has a consensus rating of “Hold” and a consensus target price of $64.40.

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About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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