Tocqueville Asset Management L.P. Buys Shares of 7,600 NETGEAR, Inc. (NASDAQ:NTGR)

Tocqueville Asset Management L.P. bought a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,600 shares of the communications equipment provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new stake in NETGEAR in the fourth quarter valued at $92,000. Commonwealth Equity Services LLC acquired a new stake in shares of NETGEAR in the fourth quarter valued at $731,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NETGEAR by 17.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 170,281 shares of the communications equipment provider’s stock valued at $4,746,000 after buying an additional 24,868 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of NETGEAR by 32.5% in the fourth quarter. Inspire Advisors LLC now owns 25,599 shares of the communications equipment provider’s stock valued at $713,000 after buying an additional 6,282 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of NETGEAR in the fourth quarter valued at $185,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. StockNews.com cut NETGEAR from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James lifted their price objective on NETGEAR from $22.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th.

Insider Buying and Selling

In other news, CFO Murray Bryan sold 3,848 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $23.92, for a total transaction of $92,044.16. Following the completion of the transaction, the chief financial officer now directly owns 193,032 shares of the company’s stock, valued at approximately $4,617,325.44. This represents a 1.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles J. Prober sold 10,929 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.64, for a total value of $291,148.56. Following the transaction, the chief executive officer now directly owns 507,763 shares of the company’s stock, valued at approximately $13,526,806.32. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

NETGEAR Price Performance

NTGR opened at $24.19 on Friday. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $31.55. The stock has a market capitalization of $698.34 million, a price-to-earnings ratio of 60.48 and a beta of 0.72. The business has a fifty day moving average price of $26.49 and a 200 day moving average price of $24.09.

NETGEAR (NASDAQ:NTGR) last released its earnings results on Wednesday, February 5th. The communications equipment provider reported ($0.24) EPS for the quarter, hitting the consensus estimate of ($0.24). NETGEAR had a negative return on equity of 9.24% and a net margin of 1.83%. On average, research analysts anticipate that NETGEAR, Inc. will post -1.84 earnings per share for the current 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.