Ziff Davis, Inc. (NASDAQ:ZD) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 170.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,758 shares of the technology company's stock after purchasing an additional 163,708 shares during the period. Assenagon Asset Management S.A. owned approximately 0.61% of Ziff Davis worth $14,115,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Central Pacific Bank Trust Division raised its holdings in shares of Ziff Davis by 17.9% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,220 shares of the technology company's stock worth $175,000 after purchasing an additional 490 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ziff Davis by 36.4% during the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company's stock valued at $10,267,000 after buying an additional 56,352 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Ziff Davis in the 3rd quarter valued at about $986,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Ziff Davis in the third quarter worth about $37,000. Finally, Virtu Financial LLC acquired a new stake in Ziff Davis during the third quarter worth about $503,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Ziff Davis Trading Up 1.6 %

NASDAQ:ZD traded up $0.88 during trading hours on Friday, hitting $54.93. The company had a trading volume of 316,782 shares, compared to its average volume of 433,183. Ziff Davis, Inc. has a 1 year low of $37.76 and a 1 year high of $70.90. The company has a market cap of $2.35 billion, a P/E ratio of 46.55 and a beta of 1.36. The company has a 50-day moving average of $56.31 and a 200 day moving average of $50.45. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

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

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.