NetGear, Inc. (NTGR) SVP David John Henry Sells 3,305 Shares
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.
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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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