New York State Teachers Retirement System Has $3.14 Million Stake in Ziff Davis, Inc. (NASDAQ:ZD)

New York State Teachers Retirement System cut its position in Ziff Davis, Inc. (NASDAQ:ZD) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,754 shares of the technology company’s stock after selling 3,008 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Ziff Davis worth $3,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ZD. Creative Planning raised its position in shares of Ziff Davis by 128.5% in the 3rd quarter. Creative Planning now owns 13,347 shares of the technology company’s stock valued at $649,000 after buying an additional 7,507 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Ziff Davis by 31,812.6% in the 3rd quarter. International Assets Investment Management LLC now owns 65,740 shares of the technology company’s stock valued at $3,199,000 after buying an additional 65,534 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Ziff Davis by 66.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 21,600 shares of the technology company’s stock valued at $1,051,000 after buying an additional 8,600 shares in the last quarter. GHP Investment Advisors Inc. raised its position 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 valued at $856,000 after buying an additional 250 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Ziff Davis by 401.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,526 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 20,437 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Ziff Davis Trading Down 3.9 %

ZD opened at $47.93 on Friday. Ziff Davis, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $70.02. 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 firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 40.62 and a beta of 1.36. The company’s 50 day moving average price is $53.95 and its two-hundred day moving average price is $51.14.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ZD shares. UBS Group decreased their price target on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Barclays lifted their price target on shares of Ziff Davis from $44.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.71.

Ziff Davis Company 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.