Assenagon Asset Management S.A. cut its holdings in NETGEAR, Inc. (NASDAQ:NTGR – Free Report) by 64.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 48,617 shares of the communications equipment provider’s stock after selling 86,723 shares during the period. Assenagon Asset Management S.A.’s holdings in NETGEAR were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC lifted its position in shares of NETGEAR by 10.6% during the second quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock worth $4,024,000 after acquiring an additional 25,200 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of NETGEAR during the 2nd quarter valued at $446,000. Brandes Investment Partners LP lifted its holdings in NETGEAR by 6.8% during the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after purchasing an additional 247,162 shares in the last quarter. Sanctuary Advisors LLC bought a new position in NETGEAR in the 2nd quarter worth about $627,000. Finally, Creative Planning purchased a new position in NETGEAR during the 3rd quarter valued at about $235,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
NETGEAR Price Performance
Shares of NASDAQ:NTGR opened at $28.65 on Friday. The firm has a fifty day moving average price of $26.10 and a two-hundred day moving average price of $21.02. The company has a market cap of $824.26 million, a price-to-earnings ratio of 44.08 and a beta of 0.83. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $31.55.
Analyst Ratings Changes
Get Our Latest Analysis on NETGEAR
Insider Buying and Selling
In other NETGEAR news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. The trade was a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by company insiders.
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.
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