7,600 Shares in NetGear, Inc. (NTGR) Purchased by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. bought a new position in shares of NetGear, Inc. (NASDAQ:NTGR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,600 shares of the communications equipment provider’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NTGR. Dimensional Fund Advisors LP raised its stake in NetGear by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,764,602 shares of the communications equipment provider’s stock worth $119,155,000 after purchasing an additional 66,287 shares during the period. Bank of New York Mellon Corp raised its stake in NetGear by 11.4% during the third quarter. Bank of New York Mellon Corp now owns 1,917,611 shares of the communications equipment provider’s stock worth $91,278,000 after purchasing an additional 196,863 shares during the period. Alliancebernstein L.P. raised its stake in NetGear by 28.2% during the second quarter. Alliancebernstein L.P. now owns 1,417,760 shares of the communications equipment provider’s stock worth $61,105,000 after purchasing an additional 311,735 shares during the period. LSV Asset Management raised its stake in NetGear by 3.7% during the second quarter. LSV Asset Management now owns 1,066,653 shares of the communications equipment provider’s stock worth $45,972,000 after purchasing an additional 38,000 shares during the period. Finally, State Street Corp raised its stake in NetGear by 1.8% during the second quarter. State Street Corp now owns 842,782 shares of the communications equipment provider’s stock worth $36,319,000 after purchasing an additional 14,817 shares during the period. Hedge funds and other institutional investors own 97.52% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of NetGear from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of NetGear from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Raymond James Financial raised shares of NetGear from a “market perform” rating to an “outperform” rating and set a $62.00 price target on the stock in a research note on Monday, December 18th. Finally, BWS Financial raised shares of NetGear from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. NetGear has an average rating of “Buy” and a consensus price target of $62.60.

In other news, Chairman Patrick Cs Lo sold 19,799 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $45.35, for a total value of $897,884.65. Following the transaction, the chairman now owns 183,001 shares of the company’s stock, valued at approximately $8,299,095.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark G. Merrill sold 3,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $54.05, for a total transaction of $162,150.00. Following the sale, the insider now directly owns 30,659 shares of the company’s stock, valued at $1,657,118.95. The disclosure for this sale can be found here. In the last three months, insiders sold 102,888 shares of company stock worth $5,028,731. Insiders own 6.20% of the company’s stock.

NetGear, Inc. (NASDAQ NTGR) opened at $58.20 on Thursday. NetGear, Inc. has a one year low of $41.50 and a one year high of $61.35. The company has a market cap of $1,800.00, a price-to-earnings ratio of 26.45 and a beta of 1.52.

NetGear (NASDAQ:NTGR) last issued its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.13. NetGear had a net margin of 5.33% and a return on equity of 10.57%. The business had revenue of $355.48 million for the quarter, compared to the consensus estimate of $349.36 million. During the same quarter last year, the firm posted $0.76 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. analysts anticipate that NetGear, Inc. will post 2.24 earnings per share for the current year.

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NetGear Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Institutional Ownership by Quarter for NetGear (NASDAQ:NTGR)

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