NETGEAR (NASDAQ:NTGR) Sees Unusually-High Trading Volume – What’s Next?

NETGEAR, Inc. (NASDAQ:NTGRGet Free Report) shares saw strong trading volume on Tuesday . 183,167 shares were traded during trading, a decline of 19% from the previous session’s volume of 227,502 shares.The stock last traded at $27.31 and had previously closed at $27.17.

Analyst Ratings Changes

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

Get Our Latest Report on NTGR

NETGEAR Stock Up 1.7 %

The company has a market cap of $795.35 million, a price-to-earnings ratio of 42.53 and a beta of 0.83. The company has a 50 day moving average price of $25.95 and a 200-day moving average price of $20.88.

Insider Transactions at NETGEAR

In other news, Director Thomas H. Waechter sold 2,000 shares of NETGEAR stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.42, for a total transaction of $60,840.00. Following the completion of the transaction, the director now directly owns 61,135 shares in the company, valued at $1,859,726.70. This trade represents a 3.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.00% of the company’s stock.

Hedge Funds Weigh In On NETGEAR

A number of hedge funds and other institutional investors have recently made changes to their positions in NTGR. Quarry LP lifted its position in shares of NETGEAR by 66.5% during the third quarter. Quarry LP now owns 1,856 shares of the communications equipment provider’s stock worth $37,000 after acquiring an additional 741 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in NETGEAR during the 3rd quarter valued at about $91,000. Values First Advisors Inc. bought a new stake in shares of NETGEAR during the third quarter valued at approximately $144,000. Versor Investments LP bought a new stake in NETGEAR in the third quarter worth $235,000. Finally, Creative Planning purchased a new position in NETGEAR in the 3rd quarter worth approximately $235,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

NETGEAR Company Profile

(Get Free Report)

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.

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