XTX Topco Ltd Makes New $540,000 Investment in NETGEAR, Inc. (NASDAQ:NTGR)

XTX Topco Ltd purchased a new stake in shares of NETGEAR, Inc. (NASDAQ:NTGR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,929 shares of the communications equipment provider’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTGR. Bank of New York Mellon Corp boosted its position in NETGEAR by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,410 shares of the communications equipment provider’s stock worth $1,888,000 after buying an additional 8,050 shares during the period. Mizuho Markets Americas LLC lifted its holdings in shares of NETGEAR by 43.4% during the second quarter. Mizuho Markets Americas LLC now owns 95,884 shares of the communications equipment provider’s stock worth $1,467,000 after purchasing an additional 29,000 shares during the period. Rhumbline Advisers grew its stake in shares of NETGEAR by 4.2% in the second quarter. Rhumbline Advisers now owns 47,101 shares of the communications equipment provider’s stock worth $721,000 after purchasing an additional 1,904 shares during the last quarter. American Century Companies Inc. increased its holdings in NETGEAR by 137.3% in the second 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 during the period. Finally, Federated Hermes Inc. raised its position in NETGEAR by 125.0% during the 2nd quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock worth $1,957,000 after purchasing an additional 71,054 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors.

NETGEAR Stock Up 0.1 %

NTGR opened at $25.41 on Friday. NETGEAR, Inc. has a twelve month low of $10.48 and a twelve month high of $25.81. The company has a fifty day moving average of $22.86 and a 200-day moving average of $18.40. The stock has a market cap of $731.05 million, a PE ratio of 39.09 and a beta of 0.86.

Analysts Set New Price Targets

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

NETGEAR 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.