Public Sector Pension Investment Board trimmed its holdings in shares of NETGEAR, Inc. (NASDAQ:NTGR – Get Rating) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,259 shares of the communications equipment provider's stock after selling 1,520 shares during the quarter. Public Sector Pension Investment Board owned about 0.19% of NETGEAR worth $986,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Deutsche Bank AG boosted its position in shares of NETGEAR by 8.2% during the 2nd quarter. Deutsche Bank AG now owns 317,803 shares of the communications equipment provider's stock valued at $5,886,000 after acquiring an additional 24,187 shares during the last quarter. Pinnacle Holdings LLC lifted its position in NETGEAR by 3.4% during the second quarter. Pinnacle Holdings LLC now owns 31,908 shares of the communications equipment provider's stock valued at $591,000 after purchasing an additional 1,063 shares during the last quarter. Bank of Montreal Can grew its stake in NETGEAR by 39.6% in the 2nd quarter. Bank of Montreal Can now owns 16,754 shares of the communications equipment provider's stock worth $331,000 after buying an additional 4,750 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NETGEAR by 79.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 238,752 shares of the communications equipment provider's stock worth $4,421,000 after buying an additional 105,426 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of NETGEAR by 14.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,832 shares of the communications equipment provider's stock valued at $89,000 after buying an additional 615 shares in the last quarter. 90.89% of the stock is currently owned by institutional investors.
Get NETGEAR alerts:Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on NTGR shares. StockNews.com initiated coverage on shares of NETGEAR in a research report on Wednesday, October 12th. They issued a "hold" rating for the company. Raymond James reduced their price objective on NETGEAR from $25.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, October 27th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $25.00.
NETGEAR Stock Up 5.4 %
Shares of NASDAQ:NTGR opened at $21.25 on Friday. The stock has a market cap of $614.13 million, a PE ratio of -9.75 and a beta of 0.92. The company's fifty day moving average is $19.97 and its 200 day moving average is $20.82. NETGEAR, Inc. has a 52 week low of $17.40 and a 52 week high of $31.00.NETGEAR 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.
Read More
- Get a free copy of the StockNews.com research report on NETGEAR (NTGR)
- Why CSL Ltd Stock Could Be Worth a Look
- MarketBeat: Week in Review 11/28 – 12/02
- Okta Inc Celebrates Earnings Beat But Can They Sustain the Boost?
- Institutions Are Buying Ambarella, Should You?
- Can ZIM Defy Broad Downturn In The Container Shipping Industry?
Receive News & Ratings for NETGEAR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NETGEAR and related companies with MarketBeat.com's FREE daily email newsletter.