Patrick J. Collins III Sells 8,704 Shares of NETGEAR, Inc. (NTGR) Stock

NETGEAR, Inc. (NASDAQ:NTGR) SVP Patrick J. Collins III sold 8,704 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $49.02, for a total value of $426,670.08. Following the sale, the senior vice president now owns 19,807 shares in the company, valued at $970,939.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NETGEAR, Inc. (NASDAQ:NTGR) opened at $50.60 on Wednesday. NETGEAR, Inc. has a 52-week low of $41.50 and a 52-week high of $59.92. The company has a market capitalization of $1,590.80, a PE ratio of 20.30 and a beta of 1.50.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.13. NETGEAR had a return on equity of 10.57% and a net margin of 5.33%. The business had revenue of $355.48 million during the quarter, compared to analysts’ expectations of $349.36 million. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. analysts forecast that NETGEAR, Inc. will post 2.24 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was first reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/11/15/patrick-j-collins-iii-sells-8704-shares-of-netgear-inc-ntgr-stock.html.

A number of institutional investors have recently bought and sold shares of NTGR. Victory Capital Management Inc. grew its position in NETGEAR by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,206 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 482 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in NETGEAR during the second quarter worth about $202,000. Amalgamated Bank purchased a new position in NETGEAR during the third quarter worth about $207,000. M&T Bank Corp grew its position in NETGEAR by 31.5% during the second quarter. M&T Bank Corp now owns 5,428 shares of the communications equipment provider’s stock worth $234,000 after buying an additional 1,300 shares in the last quarter. Finally, First Mercantile Trust Co. grew its position in NETGEAR by 12.4% during the second quarter. First Mercantile Trust Co. now owns 6,038 shares of the communications equipment provider’s stock worth $260,000 after buying an additional 668 shares in the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.

NTGR has been the topic of a number of analyst reports. BWS Financial upgraded NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, October 9th. Zacks Investment Research lowered NETGEAR from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. NETGEAR presently has an average rating of “Hold” and an average target price of $62.75.

NETGEAR Company 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.

Insider Buying and Selling by Quarter for NETGEAR (NASDAQ:NTGR)

Receive News & Ratings for NETGEAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply