Teacher Retirement System of Texas Makes New Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Teacher Retirement System of Texas bought a new stake in NETGEAR, Inc. (NASDAQ:NTGR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 85,080 shares of the communications equipment provider’s stock, valued at approximately $2,371,000.

Other institutional investors also recently modified their holdings of the company. Tocqueville Asset Management L.P. bought a new stake in shares of NETGEAR during the 4th quarter worth $212,000. Picton Mahoney Asset Management purchased a new stake in NETGEAR during the fourth quarter worth about $92,000. Commonwealth Equity Services LLC bought a new stake in NETGEAR in the fourth quarter worth about $731,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NETGEAR by 17.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,281 shares of the communications equipment provider’s stock valued at $4,746,000 after acquiring an additional 24,868 shares during the last quarter. Finally, Inspire Advisors LLC grew its position in shares of NETGEAR by 32.5% during the 4th quarter. Inspire Advisors LLC now owns 25,599 shares of the communications equipment provider’s stock valued at $713,000 after acquiring an additional 6,282 shares during the period. 82.97% of the stock is owned by institutional investors.

Insider Activity at NETGEAR

In other NETGEAR news, CFO Murray Bryan sold 3,848 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 193,032 shares of the company’s stock, valued at $4,617,325.44. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Charles J. Prober sold 10,929 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 507,763 shares in the company, valued at approximately $13,526,806.32. The trade was a 2.11 % decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

NETGEAR Stock Down 0.7 %

NASDAQ NTGR opened at $24.62 on Thursday. The firm has a market cap of $710.75 million, a P/E ratio of 61.55 and a beta of 0.72. The company’s 50 day moving average is $26.34 and its 200-day moving average is $24.38. NETGEAR, Inc. has a 12-month low of $10.48 and a 12-month high of $31.55.

NETGEAR (NASDAQ:NTGR) last issued its earnings results 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%. Equities analysts expect that NETGEAR, Inc. will post -1.84 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NTGR. Raymond James lifted their price target on shares of NETGEAR from $22.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. StockNews.com lowered NETGEAR from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.

NETGEAR Company 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.