Mizuho Markets Americas LLC Sells 69,509 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Mizuho Markets Americas LLC decreased its stake in NETGEAR, Inc. (NASDAQ:NTGR) by 72.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 26,375 shares of the communications equipment provider’s stock after selling 69,509 shares during the quarter. Mizuho Markets Americas LLC’s holdings in NETGEAR were worth $529,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its stake in shares of NETGEAR by 72.4% in the 1st quarter. Acadian Asset Management LLC now owns 622,936 shares of the communications equipment provider’s stock valued at $9,820,000 after acquiring an additional 261,705 shares during the last quarter. Brandes Investment Partners LP lifted its stake in NETGEAR by 6.8% in the second quarter. Brandes Investment Partners LP now owns 3,896,492 shares of the communications equipment provider’s stock worth $59,246,000 after acquiring an additional 247,162 shares during the period. American Century Companies Inc. boosted its stake in shares of NETGEAR by 137.3% during the 2nd quarter. American Century Companies Inc. now owns 353,893 shares of the communications equipment provider’s stock valued at $5,415,000 after purchasing an additional 204,734 shares in the last quarter. Vanguard Group Inc. boosted its position in NETGEAR by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 2,513,785 shares of the communications equipment provider’s stock valued at $39,642,000 after acquiring an additional 105,994 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in NETGEAR in the third quarter worth $1,805,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas H. Waechter sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the sale, the director now directly owns 65,318 shares of the company’s stock, valued at $1,306,360. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

NETGEAR Stock Performance

Shares of NTGR stock opened at $24.15 on Friday. NETGEAR, Inc. has a 12 month low of $10.48 and a 12 month high of $25.06. The company has a 50 day simple moving average of $20.98 and a two-hundred day simple moving average of $16.81. The stock has a market cap of $694.80 million, a P/E ratio of 37.15 and a beta of 0.83.

NETGEAR Company Profile

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.