Shares of Netgear Inc. (NASDAQ:NTGR) rose 2.5% during trading on Monday . The company traded as high as $53.25 and last traded at $52.72, with a volume of 236,919 shares trading hands. The stock had previously closed at $51.43.

NTGR has been the subject of a number of recent analyst reports. Vetr upgraded shares of Netgear from a “sell” rating to a “hold” rating and set a $50.82 price objective for the company in a research report on Monday. Zacks Investment Research upgraded shares of Netgear from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Saturday, April 30th. Citigroup Inc. cut shares of Netgear to a “neutral” rating and set a $47.50 price objective for the company. in a research report on Tuesday, July 12th. They noted that the move was a valuation call. Wunderlich initiated coverage on shares of Netgear in a research report on Wednesday, June 8th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Sterne Agee CRT initiated coverage on shares of Netgear in a research report on Tuesday, April 5th. They issued a “neutral” rating and a $43.00 price objective for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $48.76.

The firm’s 50-day moving average is $48.20 and its 200 day moving average is $42.09. The company has a market capitalization of $1.72 billion and a P/E ratio of 25.14.

Netgear (NASDAQ:NTGR) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.12. The business had revenue of $311.66 million for the quarter, compared to analyst estimates of $298.87 million. During the same quarter last year, the firm posted $0.29 EPS. Netgear’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Netgear Inc. will post $2.93 earnings per share for the current fiscal year.

In other news, CFO Christine Marie Gorjanc sold 6,365 shares of Netgear stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $51.24, for a total transaction of $326,142.60. Following the transaction, the chief financial officer now owns 81,769 shares in the company, valued at $4,189,843.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of Netgear stock in a transaction on Monday, May 16th. The stock was sold at an average price of $43.00, for a total transaction of $43,000.00. Following the transaction, the director now owns 16,642 shares in the company, valued at approximately $715,606. The disclosure for this sale can be found here.

Other institutional investors have modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of Netgear during the fourth quarter worth approximately $1,017,000. California State Teachers Retirement System raised its position in Netgear by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 59,516 shares of the company’s stock valued at $2,494,000 after buying an additional 907 shares during the last quarter. Nationwide Fund Advisors raised its position in Netgear by 161.4% in the fourth quarter. Nationwide Fund Advisors now owns 63,083 shares of the company’s stock valued at $2,644,000 after buying an additional 38,947 shares during the last quarter. Bank of Montreal Can raised its position in Netgear by 40.5% in the fourth quarter. Bank of Montreal Can now owns 79,258 shares of the company’s stock valued at $3,321,000 after buying an additional 22,856 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in Netgear by 183.8% in the fourth quarter. New York State Common Retirement Fund now owns 89,670 shares of the company’s stock valued at $3,758,000 after buying an additional 58,070 shares during the last quarter.

NETGEAR, Inc is a global networking company. The Company’s product line consists of devices, such as network attached storage, Internet protocol security cameras, and home automation devices and services. Its segments include retail, commercial and service provider. The retail business unit consists of home networking, home video security, storage and digital media products.

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