Centiva Capital LP Takes Position in NETGEAR, Inc. (NASDAQ:NTGR)

Centiva Capital LP acquired a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,775 shares of the communications equipment provider’s stock, valued at approximately $384,000.

A number of other large investors have also made changes to their positions in the stock. Bridgeway Capital Management LLC raised its position in shares of NETGEAR by 47.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 406,119 shares of the communications equipment provider’s stock valued at $11,319,000 after buying an additional 131,243 shares during the last quarter. Caxton Associates LP bought a new stake in NETGEAR in the fourth quarter valued at about $991,000. BNP Paribas Financial Markets increased its stake in NETGEAR by 156.6% in the fourth quarter. BNP Paribas Financial Markets now owns 19,871 shares of the communications equipment provider’s stock valued at $554,000 after acquiring an additional 12,127 shares during the period. Ameriprise Financial Inc. increased its stake in NETGEAR by 30.7% in the fourth quarter. Ameriprise Financial Inc. now owns 116,525 shares of the communications equipment provider’s stock valued at $3,248,000 after acquiring an additional 27,379 shares during the period. Finally, Algert Global LLC increased its stake in NETGEAR by 16.0% in the fourth quarter. Algert Global LLC now owns 127,284 shares of the communications equipment provider’s stock valued at $3,547,000 after acquiring an additional 17,599 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Activity

In other news, CEO Charles J. Prober sold 10,929 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $26.64, for a total transaction of $291,148.56. Following the sale, the chief executive officer now directly owns 507,763 shares of the company’s stock, valued at $13,526,806.32. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Murray Bryan sold 3,848 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now owns 193,032 shares in the company, valued at $4,617,325.44. This represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,448 shares of company stock valued at $458,221 over the last three months. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NTGR has been the topic of a number of analyst reports. StockNews.com raised shares of NETGEAR from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. Raymond James upped their price objective on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th.

NETGEAR Trading Up 0.5%

Shares of NETGEAR stock opened at $29.05 on Monday. The stock has a market capitalization of $836.12 million, a price-to-earnings ratio of 72.63 and a beta of 1.09. NETGEAR, Inc. has a 1-year low of $12.08 and a 1-year high of $31.55. The firm’s 50-day moving average price is $23.89 and its two-hundred day moving average price is $25.26.

NETGEAR (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, April 30th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.37. NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. The firm had revenue of $162.06 million for the quarter, compared to analysts’ expectations of $152.24 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts predict that NETGEAR, Inc. will post -1.84 EPS for the current year.

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.