Brandes Investment Partners LP Has $45.52 Million Holdings in NETGEAR, Inc. $NTGR

Brandes Investment Partners LP lifted its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 10.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,855,555 shares of the communications equipment provider’s stock after acquiring an additional 180,295 shares during the quarter. Brandes Investment Partners LP owned about 0.07% of NETGEAR worth $45,517,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new stake in shares of NETGEAR during the 4th quarter worth about $676,000. LPL Financial LLC boosted its stake in shares of NETGEAR by 30.0% during the 4th quarter. LPL Financial LLC now owns 14,701 shares of the communications equipment provider’s stock worth $361,000 after acquiring an additional 3,394 shares in the last quarter. WINTON GROUP Ltd boosted its stake in shares of NETGEAR by 41.8% during the 4th quarter. WINTON GROUP Ltd now owns 12,222 shares of the communications equipment provider’s stock worth $300,000 after acquiring an additional 3,601 shares in the last quarter. State of Wyoming boosted its stake in shares of NETGEAR by 260.2% during the 4th quarter. State of Wyoming now owns 14,302 shares of the communications equipment provider’s stock worth $351,000 after acquiring an additional 10,331 shares in the last quarter. Finally, Anchor Capital Advisors LLC bought a new stake in shares of NETGEAR during the 4th quarter worth about $2,131,000. Institutional investors own 82.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Zacks Research upgraded NETGEAR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of NETGEAR in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded NETGEAR from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

NETGEAR Stock Down 4.2%

NTGR opened at $24.15 on Wednesday. The firm has a market capitalization of $648.19 million, a P/E ratio of -27.44 and a beta of 1.17. The stock’s 50 day moving average price is $25.12 and its two-hundred day moving average price is $23.61. NETGEAR, Inc. has a 12-month low of $19.00 and a 12-month high of $36.86.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $158.82 million for the quarter, compared to analyst estimates of $152.49 million. NETGEAR had a negative return on equity of 2.71% and a negative net margin of 3.58%.The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. As a group, analysts anticipate that NETGEAR, Inc. will post -0.5 earnings per share for the current year.

Insiders Place Their Bets

In other NETGEAR news, insider Pramod Badjate sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $25.47, for a total value of $76,410.00. Following the sale, the insider owned 165,513 shares of the company’s stock, valued at $4,215,616.11. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shravan Goli sold 3,381 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.89, for a total value of $90,915.09. Following the completion of the sale, the director directly owned 25,857 shares in the company, valued at $695,294.73. This trade represents a 11.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,085 shares of company stock worth $318,703. Corporate insiders own 3.10% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.