Pertento Partners LLP Buys 95,955 Shares of NETGEAR, Inc. $NTGR

Pertento Partners LLP boosted its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 6.0% in the second quarter, HoldingsChannel reports. The firm owned 1,691,607 shares of the communications equipment provider’s stock after buying an additional 95,955 shares during the period. NETGEAR makes up about 4.4% of Pertento Partners LLP’s portfolio, making the stock its 7th largest position. Pertento Partners LLP owned approximately 0.06% of NETGEAR worth $49,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of NETGEAR by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 2,515,636 shares of the communications equipment provider’s stock valued at $61,532,000 after buying an additional 23,488 shares during the period. Acadian Asset Management LLC boosted its holdings in NETGEAR by 0.3% in the second quarter. Acadian Asset Management LLC now owns 1,079,096 shares of the communications equipment provider’s stock worth $31,354,000 after acquiring an additional 3,114 shares in the last quarter. American Century Companies Inc. grew its stake in NETGEAR by 4.1% in the second quarter. American Century Companies Inc. now owns 910,212 shares of the communications equipment provider’s stock valued at $26,460,000 after acquiring an additional 35,873 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of NETGEAR by 10.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 690,981 shares of the communications equipment provider’s stock valued at $20,087,000 after acquiring an additional 63,398 shares in the last quarter. Finally, Tenzing Global Management LLC raised its position in shares of NETGEAR by 100.0% during the first quarter. Tenzing Global Management LLC now owns 575,000 shares of the communications equipment provider’s stock worth $14,064,000 after purchasing an additional 287,500 shares during the period. Institutional investors own 82.97% of the company’s stock.

Insiders Place Their Bets

In other news, insider Pramod Badjate sold 4,000 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $24.60, for a total transaction of $98,400.00. Following the completion of the sale, the insider directly owned 155,361 shares of the company’s stock, valued at $3,821,880.60. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shravan Goli sold 2,047 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $29.95, for a total transaction of $61,307.65. Following the completion of the transaction, the director directly owned 29,238 shares in the company, valued at $875,678.10. This trade represents a 6.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 20,315 shares of company stock worth $661,592 over the last 90 days. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NTGR. Stifel Nicolaus boosted their price target on shares of NETGEAR from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 17th. UBS Group set a $35.00 target price on shares of NETGEAR in a research report on Thursday, August 21st. Raymond James Financial raised their price target on shares of NETGEAR from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Seaport Res Ptn upgraded NETGEAR to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Zacks Research downgraded NETGEAR from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NETGEAR presently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

NETGEAR Stock Up 2.6%

NTGR stock opened at $26.21 on Thursday. The firm has a market cap of $744.44 million, a PE ratio of -28.80 and a beta of 1.20. The business has a 50 day moving average of $30.30 and a 200-day moving average of $28.67. NETGEAR, Inc. has a 12-month low of $18.75 and a 12-month high of $36.86.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.