Mutual of America Capital Management LLC raised its holdings in NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) by 14.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,832 shares of the communications equipment provider's stock after buying an additional 615 shares during the quarter. Mutual of America Capital Management LLC's holdings in NETGEAR were worth $89,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP purchased a new stake in shares of NETGEAR during the 2nd quarter worth about $27,000. Keybank National Association OH grew its holdings in shares of NETGEAR by 4.3% during the 2nd quarter. Keybank National Association OH now owns 17,735 shares of the communications equipment provider's stock worth $328,000 after purchasing an additional 730 shares during the period. Cardinal Capital Management grew its holdings in shares of NETGEAR by 13.8% during the 2nd quarter. Cardinal Capital Management now owns 27,457 shares of the communications equipment provider's stock worth $509,000 after purchasing an additional 3,320 shares during the period. Victory Capital Management Inc. grew its holdings in shares of NETGEAR by 0.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,890,543 shares of the communications equipment provider's stock worth $53,533,000 after purchasing an additional 12,592 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NETGEAR by 52.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 57,820 shares of the communications equipment provider's stock worth $1,071,000 after purchasing an additional 19,804 shares during the period. Hedge funds and other institutional investors own 90.89% of the company's stock.
Get NETGEAR alerts:Analyst Ratings Changes
A number of brokerages have recently issued reports on NTGR. Raymond James decreased their target price on NETGEAR from $25.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, October 27th. StockNews.com began coverage on NETGEAR in a report on Wednesday, October 12th. They set a "hold" rating for the company. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, NETGEAR currently has a consensus rating of "Moderate Buy" and an average price target of $25.00.
NETGEAR Stock Performance
NETGEAR stock opened at $20.17 on Friday. The stock's 50 day moving average price is $19.98 and its 200 day moving average price is $20.81. The firm has a market capitalization of $582.89 million, a PE ratio of -9.25 and a beta of 0.95. NETGEAR, Inc. has a one year low of $17.40 and a one year high of $31.00.NETGEAR Company Profile
(Get Rating)
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in two segments, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as Wi-Fi routers and home Wi-Fi systems, broadband modems, Wi-Fi gateways, Wi-Fi hotspots, Wi-Fi range extenders, Powerline adapters and bridges, Wi-Fi network adapters, and digital canvasses; and value-added service offerings, including technical support, parental controls, and cybersecurity protection.
Further Reading
- Get a free copy of the StockNews.com research report on NETGEAR (NTGR)
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