Janus Henderson Group PLC Purchases 62,261 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Janus Henderson Group PLC lifted its holdings in Ziff Davis, Inc. (NASDAQ:ZD - Free Report) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,214,600 shares of the technology company's stock after purchasing an additional 62,261 shares during the period. Janus Henderson Group PLC owned about 7.52% of Ziff Davis worth $156,422,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GHP Investment Advisors Inc. boosted 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 purchasing an additional 250 shares during the period. Arizona State Retirement System increased its position in shares of Ziff Davis by 2.2% in the second quarter. Arizona State Retirement System now owns 12,913 shares of the technology company's stock worth $711,000 after acquiring an additional 275 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Ziff Davis during the second quarter valued at approximately $25,000. Central Pacific Bank Trust Division lifted its position in shares of Ziff Davis by 21.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,730 shares of the technology company's stock valued at $133,000 after acquiring an additional 480 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Ziff Davis by 3.3% in the 2nd quarter. QRG Capital Management Inc. now owns 18,213 shares of the technology company's stock worth $1,003,000 after purchasing an additional 590 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Stock Down 1.9 %

ZD traded down $1.11 during midday trading on Thursday, hitting $57.72. 341,406 shares of the company's stock traded hands, compared to its average volume of 435,006. 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 company has a market cap of $2.47 billion, a PE ratio of 49.86 and a beta of 1.35. The stock's fifty day simple moving average is $50.71 and its 200-day simple moving average is $50.40. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.90.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank of Canada restated an "outperform" rating and issued a $95.00 target price on shares of Ziff Davis in a report on Friday, September 6th. UBS Group decreased their price objective on Ziff Davis from $76.00 to $65.00 and set a "neutral" rating for the company in a research report on Tuesday. Citigroup dropped their target price on Ziff Davis from $52.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, August 9th. Finally, Barclays boosted their price objective 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Ziff Davis currently has a consensus rating of "Moderate Buy" and a consensus 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.