Janus Henderson Group PLC Has $189.51 Million Position in Ziff Davis, Inc. (NASDAQ:ZD)

Janus Henderson Group PLC lifted its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,487,495 shares of the technology company's stock after acquiring an additional 272,895 shares during the quarter. Janus Henderson Group PLC owned 8.16% of Ziff Davis worth $189,512,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Ziff Davis by 42.9% in the fourth quarter. First Horizon Advisors Inc. now owns 866 shares of the technology company's stock valued at $47,000 after purchasing an additional 260 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Ziff Davis by 3.6% in the fourth quarter. Gotham Asset Management LLC now owns 7,802 shares of the technology company's stock valued at $424,000 after purchasing an additional 271 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Ziff Davis by 278.9% in the fourth quarter. Quadrant Capital Group LLC now owns 663 shares of the technology company's stock valued at $36,000 after purchasing an additional 488 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Ziff Davis by 11.0% in the fourth quarter. Bank of Montreal Can now owns 5,608 shares of the technology company's stock valued at $305,000 after purchasing an additional 554 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its holdings in shares of Ziff Davis by 4.0% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 14,855 shares of the technology company's stock valued at $807,000 after purchasing an additional 565 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Down 1.1%

Shares of NASDAQ:ZD traded down $0.35 during midday trading on Friday, hitting $32.59. 690,592 shares of the stock were exchanged, compared to its average volume of 521,088. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. Ziff Davis, Inc. has a 52-week low of $29.15 and a 52-week high of $60.62. The business's fifty day simple moving average is $34.66 and its two-hundred day simple moving average is $46.65. The company has a market capitalization of $1.37 billion, a PE ratio of 27.62 and a beta of 1.57.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Susquehanna reduced their target price on Ziff Davis from $80.00 to $45.00 and set a "positive" rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. lowered Ziff Davis from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $60.00 to $33.00 in a report on Tuesday, April 22nd. Citigroup reduced their target price on Ziff Davis from $52.00 to $35.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Barclays reduced their target price on Ziff Davis from $48.00 to $34.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Ziff Davis currently has an average rating of "Hold" and a consensus price target of $49.67.

Insider Buying and Selling

In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of the stock in a transaction on Wednesday, March 5th. The shares were purchased 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 directly owns 16,339 shares of the company's stock, valued at $640,652.19. This represents a 18.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the completion of the transaction, the director now directly owns 12,968 shares of the company's stock, valued at approximately $497,063.44. The trade was a 5.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 5,028 shares of company stock worth $198,024. Corporate insiders own 2.16% of the company's stock.

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.