Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $496,000 Position in Ziff Davis, Inc. (NASDAQ:ZD)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm 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 filing with the SEC.

Several other large investors have also made changes to their positions in ZD. Pacer Advisors Inc. increased its holdings in shares of Ziff Davis by 100,954.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after purchasing an additional 1,265,967 shares during the period. Assenagon Asset Management S.A. increased its stake in Ziff Davis by 170.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock valued at $14,115,000 after acquiring an additional 163,708 shares during the period. Ruffer LLP acquired a new position in Ziff Davis in the 4th quarter valued at approximately $7,946,000. Raymond James Financial Inc. bought a new stake in shares of Ziff Davis in the 4th quarter worth approximately $5,780,000. Finally, Public Sector Pension Investment Board acquired a new stake in shares of Ziff Davis during the 3rd quarter worth approximately $4,618,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Ziff Davis Stock Down 1.5 %

Shares of NASDAQ ZD opened at $41.09 on Friday. The stock has a market cap of $1.76 billion, a PE ratio of 34.82 and a beta of 1.42. Ziff Davis, Inc. has a 52-week low of $37.62 and a 52-week high of $63.87. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $47.54 and a two-hundred day moving average of $50.55.

Insider Transactions at Ziff Davis

In related news, Director W Brian Kretzmer purchased 653 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the acquisition, the director now directly owns 12,968 shares in the company, valued at approximately $497,063.44. This trade represents a 5.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bret Richter acquired 2,500 shares of Ziff Davis stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of $39.21 per share, for a total transaction of $98,025.00. Following the acquisition, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. This represents a 18.06 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 5,028 shares of company stock valued at $198,024. Corporate insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

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