NETGEAR, Inc. (NASDAQ:NTGR) Director Sarah Butterfass Sells 5,626 Shares

NETGEAR, Inc. (NASDAQ:NTGRGet Free Report) Director Sarah Butterfass sold 5,626 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $13.36, for a total value of $75,163.36. Following the sale, the director now owns 40,744 shares of the company’s stock, valued at approximately $544,339.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

NETGEAR Stock Performance

Shares of NETGEAR stock opened at $14.34 on Friday. NETGEAR, Inc. has a twelve month low of $10.40 and a twelve month high of $15.93. The business has a 50-day moving average price of $13.79 and a 200-day moving average price of $14.19.

NETGEAR (NASDAQ:NTGRGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.04). The firm had revenue of $164.59 million for the quarter, compared to analysts’ expectations of $163.86 million. NETGEAR had a negative net margin of 15.69% and a negative return on equity of 3.73%. Sell-side analysts expect that NETGEAR, Inc. will post -2 EPS for the current year.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “neutral” rating and issued a $13.00 price target on shares of NETGEAR in a research note on Thursday, May 2nd.

Get Our Latest Stock Report on NTGR

Institutional Investors Weigh In On NETGEAR

A number of hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP increased its holdings in shares of NETGEAR by 38.7% in the 3rd quarter. Brandes Investment Partners LP now owns 3,465,808 shares of the communications equipment provider’s stock worth $43,635,000 after buying an additional 967,537 shares during the last quarter. Acadian Asset Management LLC increased its stake in NETGEAR by 72.4% during the first quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock worth $9,820,000 after acquiring an additional 261,705 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in NETGEAR by 66.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 440,030 shares of the communications equipment provider’s stock valued at $5,540,000 after purchasing an additional 175,288 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of NETGEAR in the 4th quarter valued at approximately $1,713,000. Finally, Kennedy Capital Management LLC purchased a new position in shares of NETGEAR in the 3rd quarter worth approximately $1,449,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

NETGEAR Company Profile

(Get Free Report)

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.

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

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