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

XTX Topco Ltd purchased a new stake in NETGEAR, Inc. (NASDAQ:NTGR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,929 shares of the communications equipment provider’s stock, valued at approximately $540,000. XTX Topco Ltd owned 0.09% of NETGEAR as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NTGR. Renaissance Technologies LLC raised its position in shares of NETGEAR by 10.6% in the 2nd quarter. Renaissance Technologies LLC now owns 263,018 shares of the communications equipment provider’s stock valued at $4,024,000 after buying an additional 25,200 shares in the last quarter. Federated Hermes Inc. raised its position in NETGEAR by 125.0% during the second quarter. Federated Hermes Inc. now owns 127,892 shares of the communications equipment provider’s stock valued at $1,957,000 after purchasing an additional 71,054 shares in the last quarter. Brandes Investment Partners LP lifted its stake in NETGEAR by 6.8% during 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 purchasing an additional 247,162 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of NETGEAR by 23.2% in the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after purchasing an additional 26,756 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of NETGEAR in the 3rd quarter valued at $1,805,000. 82.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NETGEAR Trading Up 0.1 %

Shares of NETGEAR stock opened at $25.41 on Friday. The firm’s 50 day moving average is $22.86 and its 200 day moving average is $18.40. The firm has a market capitalization of $731.05 million, a PE ratio of 39.09 and a beta of 0.86. NETGEAR, Inc. has a 1 year low of $10.48 and a 1 year high of $25.81.

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.