Public Sector Pension Investment Board Makes New Investment in Ziff Davis, Inc. (NASDAQ:ZD)

Public Sector Pension Investment Board acquired a new stake in Ziff Davis, Inc. (NASDAQ:ZD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 94,900 shares of the technology company’s stock, valued at approximately $4,618,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ZD. GHP Investment Advisors Inc. lifted its holdings in shares of Ziff Davis by 1.4% in the 3rd quarter. GHP Investment Advisors Inc. now owns 17,598 shares of the technology company’s stock worth $856,000 after acquiring an additional 250 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Ziff Davis by 2.2% during the 2nd quarter. Arizona State Retirement System now owns 12,913 shares of the technology company’s stock worth $711,000 after acquiring an additional 275 shares during the last quarter. Rothschild Investment LLC purchased a new position in Ziff Davis during the 2nd quarter valued at $25,000. Central Pacific Bank Trust Division grew its position in Ziff Davis by 21.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company’s stock valued at $133,000 after acquiring an additional 480 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Ziff Davis by 3.3% in the 2nd quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company’s stock worth $1,003,000 after buying an additional 590 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ZD has been the topic of a number of research analyst reports. Barclays upped their target price on shares of Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Citigroup reduced their price objective on Ziff Davis from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.29.

Ziff Davis Trading Up 2.0 %

Shares of NASDAQ ZD opened at $58.85 on Monday. Ziff Davis, Inc. has a 1-year low of $37.76 and a 1-year high of $70.90. The business has a fifty day moving average price of $50.08 and a 200 day moving average price of $50.36. The stock has a market capitalization of $2.52 billion, a P/E ratio of 49.87 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42.

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.