Clark Estates Inc. NY Has $3.23 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Clark Estates Inc. NY lessened its position in Ziff Davis, Inc. (NASDAQ:ZD) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,491 shares of the technology company’s stock after selling 7,209 shares during the quarter. Clark Estates Inc. NY’s holdings in Ziff Davis were worth $3,233,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in Ziff Davis by 69.8% during the third quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock worth $2,623,000 after acquiring an additional 22,155 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Ziff Davis in the 3rd quarter valued at approximately $986,000. Virtu Financial LLC bought a new position in shares of Ziff Davis in the third quarter valued at $503,000. Empowered Funds LLC acquired a new position in Ziff Davis during the third quarter worth $7,210,000. Finally, Principal Financial Group Inc. raised its position in Ziff Davis by 36.4% during the third quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after acquiring an additional 56,352 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

Insider Activity at Ziff Davis

In related news, Director Sarah Ann Fay purchased 1,282 shares of Ziff Davis stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the transaction, the director now directly owns 18,655 shares of the company’s stock, valued at $727,545. This represents a 7.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ZD shares. 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 note on Wednesday, February 26th. UBS Group lowered their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Citigroup dropped their price objective 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, Barclays lifted their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ziff Davis currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

Ziff Davis Trading Down 2.2 %

Shares of NASDAQ:ZD opened at $39.08 on Wednesday. The stock has a market cap of $1.67 billion, a PE ratio of 33.12 and a beta of 1.36. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 12-month low of $37.76 and a 12-month high of $68.91. The business has a 50 day moving average of $52.38 and a 200-day moving average of $51.37.

About Ziff Davis

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.