Insider Selling: NetGear, Inc. (NTGR) SVP Sells 1,465 Shares of Stock
NetGear, Inc. (NASDAQ:NTGR) SVP David John Henry sold 1,465 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $55.55, for a total transaction of $81,380.75. Following the transaction, the senior vice president now owns 39,770 shares in the company, valued at $2,209,223.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of NetGear, Inc. (NASDAQ:NTGR) traded up $0.37 during trading hours on Monday, hitting $56.52. 272,043 shares of the company’s stock were exchanged, compared to its average volume of 587,017. The firm has a market capitalization of $1,760.00, a PE ratio of 27.05 and a beta of 1.92. NetGear, Inc. has a 52 week low of $41.50 and a 52 week high of $71.42.
NetGear (NASDAQ:NTGR) last issued its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.07. The company had revenue of $397.06 million for the quarter, compared to analysts’ expectations of $393.27 million. NetGear had a net margin of 1.38% and a return on equity of 9.92%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 earnings per share. sell-side analysts predict that NetGear, Inc. will post 2.71 EPS for the current year.
Several large investors have recently modified their holdings of NTGR. Advisory Services Network LLC raised its holdings in shares of NetGear by 10,500.0% during the fourth quarter. Advisory Services Network LLC now owns 2,014 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,995 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of NetGear by 126.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,378 shares of the communications equipment provider’s stock worth $140,000 after purchasing an additional 1,330 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of NetGear by 44.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 2,858 shares of the communications equipment provider’s stock worth $168,000 after purchasing an additional 884 shares during the period. Delpha Capital Management LLC acquired a new stake in shares of NetGear during the fourth quarter worth $186,000. Finally, Amalgamated Bank acquired a new stake in shares of NetGear during the third quarter worth $207,000. 97.52% of the stock is currently owned by institutional investors.
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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.
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