Trexquant Investment LP Boosts Holdings in NETGEAR, Inc. (NASDAQ:NTGR)

Trexquant Investment LP grew its position in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 149.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,104 shares of the communications equipment provider’s stock after purchasing an additional 92,335 shares during the period. Trexquant Investment LP owned approximately 0.54% of NETGEAR worth $4,295,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its position in NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 741 shares in the last quarter. R Squared Ltd bought a new stake in shares of NETGEAR during the 4th quarter valued at about $72,000. New York State Teachers Retirement System purchased a new position in shares of NETGEAR during the fourth quarter worth about $72,000. Picton Mahoney Asset Management bought a new position in shares of NETGEAR in the fourth quarter worth approximately $92,000. Finally, AlphaQuest LLC purchased a new stake in NETGEAR in the fourth quarter valued at approximately $185,000. Institutional investors own 82.97% of the company’s stock.

Insider Activity

In related news, CEO Charles J. Prober sold 10,929 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.64, for a total transaction of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at $13,526,806.32. This trade represents a 2.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Murray Bryan sold 3,848 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $23.92, for a total value of $92,044.16. Following the completion of the sale, the chief financial officer now owns 193,032 shares of the company’s stock, valued at $4,617,325.44. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

NTGR has been the subject of a number of research reports. Raymond James boosted their price target 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. StockNews.com cut NETGEAR from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

NETGEAR Price Performance

Shares of NTGR opened at $19.97 on Friday. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $31.55. The stock has a 50 day simple moving average of $25.78 and a two-hundred day simple moving average of $24.60. The firm has a market cap of $576.51 million, a P/E ratio of 49.93 and a beta of 1.03.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings data on Wednesday, February 5th. The communications equipment provider reported ($0.24) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.24). NETGEAR had a net margin of 1.83% and a negative return on equity of 9.24%. On average, equities analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current year.

NETGEAR Profile

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.