Bailard buys $2,742,241 stake in NetGear (NTGR)

NetGear (NTGR) : Bailard scooped up 1,493 additional shares in NetGear during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 49,868 shares of NetGear which is valued at $2,742,241.NetGear makes up approximately 0.32% of Bailard’s portfolio.

Other Hedge Funds, Including , Barrow Hanley Mewhinney Strauss boosted its stake in NTGR in the latest quarter, The investment management firm added 7,965 additional shares and now holds a total of 152,003 shares of NetGear which is valued at $8,358,645. NetGear makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’s portfolio.Fuller Thaler Asset Management reduced its stake in NTGR by selling 5,450 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 245,970 shares of NTGR which is valued at $13,026,571. NetGear makes up approx 0.21% of Fuller Thaler Asset Management’s portfolio. Smith Asset Management Group Lp added NTGR to its portfolio by purchasing 55,490 company shares during the most recent quarter which is valued at $2,713,461. NetGear makes up approx 0.08% of Smith Asset Management Group Lp’s portfolio.Acadian Asset Management reduced its stake in NTGR by selling 125,534 shares or 11.07% in the most recent quarter. The Hedge Fund company now holds 1,008,248 shares of NTGR which is valued at $50,200,668. NetGear makes up approx 0.25% of Acadian Asset Management’s portfolio.Nisa Investment Advisors boosted its stake in NTGR in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 30,350 shares of NetGear which is valued at $1,505,360. NetGear makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

NetGear opened for trading at $54.74 and hit $55.79 on the upside on Monday, eventually ending the session at $55.66, with a gain of 1.62% or 0.89 points. The heightened volatility saw the trading volume jump to 3,43,344 shares. Company has a market cap of $1,823 M.

On the company’s financial health, NetGear reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.60. The company had revenue of $311.66 million for the quarter, compared to analysts expectations of $298.80 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on NetGear. Company shares were Reiterated by BWS Financial on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 64 from a previous price target of $50 .Rosenblatt Downgraded NetGear on Jul 12, 2016 to ” Neutral”, Price Target of the shares are set at $47.50.Wunderlich Initiated NetGear on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $55.

NETGEAR Inc. is a global networking company. The Company’s product line consists of devices such as network attached storage Internet protocol security cameras and home automation devices and services. The Company’s business is managed in three business segments: retail commercial and service provider. The retail business unit consists of home networking home video security storage and digital media products. The commercial business unit consists of business networking storage and security solutions. The service provider business unit consists of home networking hardware and software solutions as well as fourth-generation long term evolution hotspots sold to service providers. The Company has operations in Americas Europe Middle-East and Africa and Asia Pacific. It sells products through multiple sales channels including traditional retailers online retailers wholesale distributors direct market resellers value-added resellers and broadband service providers.

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