30,576 Shares in NETGEAR, Inc. (NASDAQ:NTGR) Acquired by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,576 shares of the communications equipment provider’s stock, valued at approximately $852,000.

A number of other institutional investors have also recently bought and sold shares of the business. Brandes Investment Partners LP lifted its stake in shares of NETGEAR by 6.8% in the 2nd quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock valued at $59,246,000 after purchasing an additional 247,162 shares during the period. Tenzing Global Management LLC acquired a new stake in shares of NETGEAR during the third quarter worth $3,510,000. Los Angeles Capital Management LLC bought a new stake in NETGEAR in the third quarter valued at about $1,805,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in NETGEAR by 124.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,413 shares of the communications equipment provider’s stock valued at $2,917,000 after buying an additional 80,746 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in NETGEAR during the second quarter worth about $627,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, Director Thomas H. Waechter sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the sale, the director now directly owns 61,135 shares of the company’s stock, valued at approximately $1,859,726.70. This represents a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by company insiders.

NETGEAR Stock Performance

NTGR opened at $28.65 on Friday. The firm’s fifty day moving average is $26.10 and its two-hundred day moving average is $21.02. The firm has a market cap of $824.26 million, a PE ratio of 44.08 and a beta of 0.83. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $31.55.

About NETGEAR

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.