Assenagon Asset Management S.A. Buys 17,379 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Assenagon Asset Management S.A. boosted its position in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 60.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 46,171 shares of the technology company's stock after purchasing an additional 17,379 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Ziff Davis worth $3,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Ziff Davis by 2.1% during the second quarter. BlackRock Inc. now owns 5,693,573 shares of the technology company's stock worth $398,892,000 after purchasing an additional 115,973 shares during the last quarter. Vanguard Group Inc. grew its holdings in Ziff Davis by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,496,027 shares of the technology company's stock worth $307,887,000 after acquiring an additional 65,736 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in Ziff Davis by 15.6% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 3,004,456 shares of the technology company's stock valued at $210,492,000 after acquiring an additional 404,935 shares in the last quarter. State Street Corp raised its stake in shares of Ziff Davis by 2.0% in the second quarter. State Street Corp now owns 1,662,731 shares of the technology company's stock worth $116,491,000 after acquiring an additional 32,451 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Ziff Davis by 11.3% during the third quarter. Legal & General Group Plc now owns 1,575,994 shares of the technology company's stock worth $100,375,000 after purchasing an additional 159,839 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ziff Davis

In other Ziff Davis news, EVP Jeremy Rossen sold 4,162 shares of the business's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $69.43, for a total transaction of $288,967.66. Following the transaction, the executive vice president now owns 7,261 shares of the company's stock, valued at approximately $504,131.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ZD shares. Wedbush raised their price target on Ziff Davis from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Royal Bank of Canada reiterated an "outperform" rating and set a $95.00 price target on shares of Ziff Davis in a research report on Friday, February 23rd. Evercore ISI increased their price objective on shares of Ziff Davis from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. UBS Group reduced their price objective on shares of Ziff Davis from $77.00 to $76.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 5th. Finally, Barclays upped their target price on shares of Ziff Davis from $66.00 to $68.00 and gave the company an "equal weight" rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Ziff Davis has an average rating of "Moderate Buy" and a consensus price target of $81.17.

Ziff Davis Stock Down 1.4 %

NASDAQ ZD traded down $0.85 on Wednesday, reaching $59.89. The company had a trading volume of 279,808 shares, compared to its average volume of 269,128. The company's fifty day moving average is $66.01 and its 200-day moving average is $64.90. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 73.04 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.76 and a current ratio of 2.76. Ziff Davis, Inc. has a 1-year low of $57.97 and a 1-year high of $78.80.

Ziff Davis (NASDAQ:ZD - Get Free Report) last released its earnings results on Wednesday, February 21st. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $2.17 by $0.02. The firm had revenue of $389.89 million for the quarter, compared to analysts' expectations of $400.71 million. Ziff Davis had a return on equity of 13.97% and a net margin of 3.04%. On average, research analysts forecast that Ziff Davis, Inc. will post 6.23 earnings per share for the current fiscal year.

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.