Leuthold Group LLC Boosts Holdings in NETGEAR, Inc. $NTGR

Leuthold Group LLC increased its stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) by 56.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,432 shares of the communications equipment provider’s stock after buying an additional 57,266 shares during the period. Leuthold Group LLC’s holdings in NETGEAR were worth $3,911,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NTGR. Lazard Asset Management LLC increased its holdings in NETGEAR by 87.6% during the third quarter. Lazard Asset Management LLC now owns 548,911 shares of the communications equipment provider’s stock worth $17,779,000 after buying an additional 256,266 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in NETGEAR by 43.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 717,973 shares of the communications equipment provider’s stock worth $23,255,000 after buying an additional 218,347 shares during the last quarter. Cinctive Capital Management LP purchased a new stake in NETGEAR during the third quarter worth about $6,433,000. Qube Research & Technologies Ltd increased its holdings in NETGEAR by 447.9% during the second quarter. Qube Research & Technologies Ltd now owns 153,524 shares of the communications equipment provider’s stock worth $4,463,000 after buying an additional 125,504 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in NETGEAR by 54.4% during the second quarter. Invesco Ltd. now owns 351,059 shares of the communications equipment provider’s stock worth $10,205,000 after buying an additional 123,637 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

NETGEAR Stock Down 4.1%

Shares of NASDAQ:NTGR opened at $24.75 on Friday. The firm has a market capitalization of $664.29 million, a PE ratio of -28.13 and a beta of 1.18. NETGEAR, Inc. has a twelve month low of $19.00 and a twelve month high of $36.86. The company has a 50-day moving average price of $23.80 and a two-hundred day moving average price of $24.17.

NETGEAR (NASDAQ:NTGR) last issued its earnings results on Wednesday, April 29th. The communications equipment provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $158.82 million during the quarter, compared to analyst estimates of $152.49 million. NETGEAR had a negative net margin of 3.58% and a negative return on equity of 2.71%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. Analysts anticipate that NETGEAR, Inc. will post -0.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NTGR has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of NETGEAR from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. Stifel Nicolaus set a $36.00 price objective on shares of NETGEAR in a report on Thursday, February 5th. Zacks Research upgraded shares of NETGEAR from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NETGEAR in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Insiders Place Their Bets

In other NETGEAR news, insider Pramod Badjate sold 3,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $25.47, for a total transaction of $76,410.00. Following the completion of the transaction, the insider owned 165,513 shares in the company, valued at $4,215,616.11. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 2.30% of the stock is owned by corporate insiders.

About NETGEAR

NETGEAR, Inc (NASDAQ: NTGR) is a global provider of networking solutions for consumer, business and service provider markets. The company designs, develops and markets a comprehensive portfolio of products that enable high-speed connectivity, data storage and network security for homes, small to medium-sized businesses and large enterprises.

Its product lineup includes Wi-Fi routers, mesh networking systems, cable modems, mobile broadband gateways and Ethernet switches—offered in both managed and unmanaged configurations.