Ardsley Advisory Partners bought a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,000 shares of the communications equipment provider’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NTGR. Envestnet Asset Management Inc. lifted its position in NETGEAR by 17.1% during the first quarter. Envestnet Asset Management Inc. now owns 2,080 shares of the communications equipment provider’s stock valued at $103,000 after purchasing an additional 304 shares in the last quarter. Victory Capital Management Inc. lifted its position in NETGEAR by 42.8% during the first quarter. Victory Capital Management Inc. now owns 2,724 shares of the communications equipment provider’s stock valued at $135,000 after purchasing an additional 817 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in NETGEAR during the first quarter valued at $139,000. US Bancorp DE lifted its position in NETGEAR by 9.2% during the first quarter. US Bancorp DE now owns 3,243 shares of the communications equipment provider’s stock valued at $161,000 after purchasing an additional 272 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in NETGEAR by 364.8% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 3,500 shares of the communications equipment provider’s stock valued at $173,000 after purchasing an additional 2,747 shares in the last quarter. Institutional investors own 98.89% of the company’s stock.

WARNING: “Ardsley Advisory Partners Buys New Stake in NETGEAR, Inc. (NTGR)” was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.dailypolitical.com/2017/10/18/ardsley-advisory-partners-buys-new-stake-in-netgear-inc-ntgr.html.

Several equities analysts recently weighed in on NTGR shares. BWS Financial upgraded NETGEAR from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Monday, October 9th. Zacks Investment Research downgraded NETGEAR from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $62.13.

NETGEAR (NASDAQ:NTGR) last posted its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. NETGEAR had a net margin of 5.42% and a return on equity of 10.67%. The business had revenue of $330.72 million for the quarter, compared to analyst estimates of $324.64 million. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.

In other news, Director Barbara Vaughn Scherer sold 1,000 shares of the stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $52.00, for a total transaction of $52,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tamesa Rogers sold 1,500 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $49.80, for a total transaction of $74,700.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,722 shares of company stock worth $4,260,177. Corporate insiders own 6.20% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company’s product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services.

Institutional Ownership by Quarter for NETGEAR (NASDAQ:NTGR)

Receive News & Ratings for NETGEAR Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR Inc. and related companies with MarketBeat.com's FREE daily email newsletter.