Charles Schwab Investment Management Inc. Purchases 62,402 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Charles Schwab Investment Management Inc. grew its position in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 9.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 757,944 shares of the technology company’s stock after acquiring an additional 62,402 shares during the period. Charles Schwab Investment Management Inc. owned about 1.77% of Ziff Davis worth $41,187,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in Ziff Davis by 2.0% in the third quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after acquiring an additional 62,261 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after purchasing an additional 36,863 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock valued at $68,861,000 after buying an additional 1,265,967 shares during the period. Brave Asset Management Inc. increased its position in shares of Ziff Davis by 3.9% during the fourth quarter. Brave Asset Management Inc. now owns 363,527 shares of the technology company’s stock valued at $19,754,000 after buying an additional 13,659 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Ziff Davis by 19.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 350,604 shares of the technology company’s stock worth $19,052,000 after buying an additional 57,830 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ziff Davis

In other news, CFO Bret Richter bought 2,500 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $39.21 per share, with a total value of $98,025.00. Following the completion of the transaction, the chief financial officer now owns 16,339 shares of the company’s stock, valued at approximately $640,652.19. This trade represents a 18.06 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Brian Kretzmer acquired 653 shares of the stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, for a total transaction of $25,029.49. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 5,028 shares of company stock worth $198,024 over the last quarter. Company insiders own 2.08% of the company’s stock.

Ziff Davis Stock Up 4.1 %

ZD stock opened at $40.25 on Friday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 34.11 and a beta of 1.42. 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, Inc. has a 1-year low of $37.62 and a 1-year high of $64.04. The business has a fifty day moving average price of $49.54 and a 200-day moving average price of $50.95.

Analysts Set New Price Targets

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

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.