Ziff Davis, Inc. (NASDAQ:ZD) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,125 shares of the technology company’s stock after selling 438 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Ziff Davis were worth $496,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ZD. Teacher Retirement System of Texas boosted its position in shares of Ziff Davis by 15.8% in the 4th quarter. Teacher Retirement System of Texas now owns 33,007 shares of the technology company’s stock valued at $1,794,000 after purchasing an additional 4,506 shares during the period. Tocqueville Asset Management L.P. lifted its stake in Ziff Davis by 4.1% during the fourth quarter. Tocqueville Asset Management L.P. now owns 93,700 shares of the technology company’s stock valued at $5,092,000 after buying an additional 3,700 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Ziff Davis in the fourth quarter worth about $224,000. Ruffer LLP purchased a new position in shares of Ziff Davis in the fourth quarter worth approximately $7,946,000. Finally, Amundi raised its holdings in shares of Ziff Davis by 205.6% during the fourth quarter. Amundi now owns 72,737 shares of the technology company’s stock valued at $3,809,000 after acquiring an additional 48,937 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Performance

Shares of NASDAQ ZD opened at $41.09 on Friday. Ziff Davis, Inc. has a one year low of $37.62 and a one year high of $63.87. The business’s 50-day moving average price is $47.54 and its two-hundred day moving average price is $50.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $1.76 billion, a P/E ratio of 34.82 and a beta of 1.42.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay acquired 1,282 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $39.00 per share, with a total value of $49,998.00. Following the purchase, the director now owns 18,655 shares of the company’s stock, valued at approximately $727,545. The trade was a 7.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Bret Richter bought 2,500 shares of Ziff Davis stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the completion of the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. The trade was a 18.06 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 5,028 shares of company stock valued at $198,024. 2.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Citigroup lowered their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group reduced their price target on shares of Ziff Davis from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Profile

Ziff Davis, Inc, together with its subsidiaries, operates as a digital media and internet company in the United States and internationally. The company offers PCMag, an online resource for laboratory-based product reviews, technology news, buying guides, and research papers; Mashable for publishing technology and culture content; Spiceworks Ziff Davis provides digital content of IT products and services; retailMeNot, a savings destination platform; Offers.com, a coupon and deals website; and event-based properties, including BlackFriday.com, TheBlackFriday.com, BestBlackFriday.com, and DealsofAmerica.com.