NetGear, Inc. (NASDAQ:NTGR) SVP David John Henry sold 3,305 shares of NetGear stock in a transaction on Monday, November 5th. The stock was sold at an average price of $56.67, for a total transaction of $187,294.35. Following the completion of the transaction, the senior vice president now directly owns 34,300 shares of the company’s stock, valued at approximately $1,943,781. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NTGR opened at $54.91 on Friday. NetGear, Inc. has a 1 year low of $48.80 and a 1 year high of $78.30. The firm has a market cap of $1.79 billion, a PE ratio of 23.67 and a beta of 2.11.

Several institutional investors and hedge funds have recently made changes to their positions in NTGR. Janus Henderson Group PLC acquired a new position in shares of NetGear during the third quarter valued at $58,328,000. BTIM Corp. acquired a new position in shares of NetGear during the second quarter valued at $33,528,000. Acadian Asset Management LLC acquired a new position in shares of NetGear during the second quarter valued at $17,811,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of NetGear during the third quarter valued at $17,427,000. Finally, BlackRock Inc. boosted its holdings in shares of NetGear by 5.5% during the second quarter. BlackRock Inc. now owns 4,566,762 shares of the communications equipment provider’s stock valued at $285,423,000 after acquiring an additional 236,386 shares during the period. 99.99% of the stock is owned by institutional investors.

A number of equities analysts have commented on the stock. BidaskClub raised shares of NetGear from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 24th. ValuEngine raised shares of NetGear from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Cowen assumed coverage on shares of NetGear in a report on Monday, October 1st. They issued a “hold” rating and a $63.00 price objective for the company. Raymond James set a $80.00 price objective on shares of NetGear and gave the stock a “buy” rating in a report on Wednesday, September 5th. Finally, Guggenheim reaffirmed a “buy” rating on shares of NetGear in a report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $70.40.

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About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.

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Insider Buying and Selling by Quarter for NetGear (NASDAQ:NTGR)

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