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

NTGR has been the topic of several analyst reports. Vetr upgraded shares of Netgear from a “sell” rating to a “hold” rating and set a $50.82 price objective on the stock in a 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 on the stock in a report on Saturday, April 30th. Citigroup Inc. lowered shares of Netgear to a “neutral” rating and set a $47.50 price objective on the stock. in a report on Tuesday, July 12th. They noted that the move was a valuation call. Wunderlich initiated coverage on shares of Netgear in a report on Wednesday, June 8th. They issued a “buy” rating and a $55.00 price objective on the stock. Finally, Sterne Agee CRT began coverage on shares of Netgear in a report on Tuesday, April 5th. They issued a “neutral” rating and a $43.00 price objective on the stock. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Netgear currently has a consensus rating of “Buy” and an average price target of $49.98.

The stock has a 50 day moving average of $48.57 and a 200 day moving average of $42.39. The company has a market capitalization of $1.70 billion and a P/E ratio of 24.83.

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

In related news, SVP Andrew Wonki Kim sold 1,092 shares of Netgear stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $43.00, for a total transaction of $46,956.00. Following the sale, the senior vice president now directly owns 24,000 shares of the company’s stock, valued at approximately $1,032,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Vaughn Scherer sold 1,000 shares of Netgear stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $43.00, for a total transaction of $43,000.00. Following the sale, the director now directly owns 16,642 shares in the company, valued at $715,606. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of 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 period. New York State Common Retirement Fund increased its stake 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 in the last quarter. Systematic Financial Management LP increased its stake in Netgear by 44.8% in the fourth quarter. Systematic Financial Management LP now owns 109,825 shares of the company’s stock valued at $4,602,000 after buying an additional 33,965 shares in the last quarter. Principal Financial Group Inc. increased its stake in Netgear by 2.2% in the fourth quarter. Principal Financial Group Inc. now owns 214,899 shares of the company’s stock valued at $9,006,000 after buying an additional 4,540 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in Netgear by 108.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 117,602 shares of the company’s stock valued at $4,928,000 after buying an additional 61,102 shares in 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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