R Squared Ltd Purchases Shares of 2,600 NETGEAR, Inc. (NASDAQ:NTGR)

R Squared Ltd acquired a new position in NETGEAR, Inc. (NASDAQ:NTGR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,600 shares of the communications equipment provider’s stock, valued at approximately $72,000.

Other hedge funds have also recently made changes to their positions in the company. Tenzing Global Management LLC bought a new stake in NETGEAR in the third quarter valued at $3,510,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of NETGEAR by 124.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after purchasing an additional 80,746 shares in the last quarter. Empowered Funds LLC increased its position in shares of NETGEAR by 23.2% during the third quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after buying an additional 26,756 shares during the period. Los Angeles Capital Management LLC bought a new position in NETGEAR in the third quarter worth about $1,805,000. Finally, Barclays PLC lifted its holdings in NETGEAR by 10.5% in the third quarter. Barclays PLC now owns 43,385 shares of the communications equipment provider’s stock worth $870,000 after buying an additional 4,125 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

NETGEAR Trading Down 0.4 %

Shares of NTGR stock opened at $27.65 on Friday. The company’s fifty day moving average price is $26.47 and its 200-day moving average price is $21.50. The stock has a market cap of $795.49 million, a PE ratio of 42.54 and a beta of 0.83. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $31.55.

Insider Activity at NETGEAR

In related news, Director Thomas H. Waechter sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total value of $60,840.00. Following the sale, the director now owns 61,135 shares in the company, valued at $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research report on Friday, November 1st.

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.