NetGear, Inc. (NASDAQ:NTGR) SVP David John Henry sold 3,305 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $56.67, for a total value of $187,294.35. Following the transaction, the senior vice president now directly owns 34,300 shares in the company, valued at $1,943,781. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NTGR stock traded down $0.34 during mid-day trading on Thursday, hitting $56.22. The stock had a trading volume of 1,056 shares, compared to its average volume of 296,573. NetGear, Inc. has a 1-year low of $44.70 and a 1-year high of $78.30. The firm has a market cap of $1.70 billion, a P/E ratio of 24.13 and a beta of 2.11.
Hedge funds have recently modified their holdings of the business. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of NetGear in the 3rd quarter valued at $17,427,000. Stone Ridge Asset Management LLC increased its stake in shares of NetGear by 26.8% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 13,706 shares of the communications equipment provider’s stock valued at $861,000 after buying an additional 2,895 shares during the period. GVO Asset Management Ltd acquired a new stake in shares of NetGear in the 3rd quarter valued at $1,634,000. Wells Fargo & Company MN grew its stake in shares of NetGear by 16.0% during the third quarter. Wells Fargo & Company MN now owns 698,533 shares of the communications equipment provider’s stock worth $43,904,000 after purchasing an additional 96,219 shares during the period. Finally, Alps Advisors Inc. grew its stake in shares of NetGear by 65.7% during the third quarter. Alps Advisors Inc. now owns 7,719 shares of the communications equipment provider’s stock worth $485,000 after purchasing an additional 3,060 shares during the period. 99.99% of the stock is currently owned by institutional investors.
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NetGear Company Profile
NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. The company operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters.
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