Acuitas Investments LLC Makes New $611,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

Acuitas Investments LLC bought a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,884 shares of the communications equipment provider’s stock, valued at approximately $611,000. Acuitas Investments LLC owned about 0.14% of NETGEAR at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of NETGEAR by 52.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,664 shares of the communications equipment provider’s stock valued at $46,000 after purchasing an additional 1,257 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of NETGEAR by 121.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,842 shares of the communications equipment provider’s stock valued at $99,000 after acquiring an additional 4,295 shares in the last quarter. AXQ Capital LP acquired a new position in shares of NETGEAR during the 3rd quarter valued at about $140,000. Aigen Investment Management LP acquired a new stake in shares of NETGEAR during the third quarter valued at about $147,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of NETGEAR by 28.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,091 shares of the communications equipment provider’s stock worth $147,000 after acquiring an additional 2,249 shares during the period. Institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

Separately, BWS Financial reaffirmed a “buy” rating and set a $30.00 price target on shares of NETGEAR in a report on Wednesday, April 10th.

Insider Buying and Selling

In related news, insider Andrew Wonki Kim sold 5,723 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $14.54, for a total value of $83,212.42. Following the completion of the transaction, the insider now directly owns 76,656 shares in the company, valued at approximately $1,114,578.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NETGEAR news, insider Andrew Wonki Kim sold 5,723 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $14.54, for a total transaction of $83,212.42. Following the completion of the sale, the insider now owns 76,656 shares in the company, valued at $1,114,578.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Vikram Mehta sold 1,844 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $14.48, for a total transaction of $26,701.12. Following the completion of the transaction, the senior vice president now owns 25,569 shares of the company’s stock, valued at approximately $370,239.12. The disclosure for this sale can be found here. Insiders sold a total of 13,456 shares of company stock worth $195,304 over the last ninety days. 6.00% of the stock is owned by corporate insiders.

NETGEAR Price Performance

NTGR stock traded up $0.05 on Friday, reaching $14.87. 27,107 shares of the company were exchanged, compared to its average volume of 207,736. NETGEAR, Inc. has a 12 month low of $10.40 and a 12 month high of $15.93. The stock’s fifty day moving average price is $14.90 and its 200 day moving average price is $13.97. The firm has a market capitalization of $432.27 million, a PE ratio of -4.19 and a beta of 0.84.

NETGEAR (NASDAQ:NTGR) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The firm had revenue of $188.67 million for the quarter, compared to the consensus estimate of $185.14 million. NETGEAR had a negative return on equity of 2.96% and a negative net margin of 14.14%. The business’s revenue was down 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.21) earnings per share. As a group, research analysts expect that NETGEAR, Inc. will post -0.16 EPS for the current fiscal year.

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.