Schroder Investment Management Group Purchases New Shares in Ziff Davis, Inc. (NASDAQ:ZD)

Schroder Investment Management Group acquired a new stake in shares of Ziff Davis, Inc. (NASDAQ:ZD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,102 shares of the technology company's stock, valued at approximately $3,115,000. Schroder Investment Management Group owned 0.13% of Ziff Davis as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ZD. Pacer Advisors Inc. lifted its holdings in Ziff Davis by 100,954.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company's stock worth $68,861,000 after acquiring an additional 1,265,967 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Ziff Davis by 369.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 434,779 shares of the technology company's stock valued at $23,626,000 after purchasing an additional 342,207 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Ziff Davis by 170.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company's stock worth $14,115,000 after acquiring an additional 163,708 shares during the period. Ruffer LLP bought a new position in shares of Ziff Davis during the 4th quarter worth about $7,946,000. Finally, Raymond James Financial Inc. bought a new stake in Ziff Davis in the fourth quarter valued at about $5,780,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ziff Davis

In other Ziff Davis news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now directly owns 16,339 shares of the company's stock, valued at $640,652.19. This trade represents a 18.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Brian Kretzmer purchased 653 shares of Ziff Davis stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.33 per share, with a total value of $25,029.49. Following the transaction, the director now directly owns 12,968 shares in the company, 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. Insiders have purchased a total of 5,028 shares of company stock worth $198,024 over the last quarter. Corporate insiders own 2.08% of the company's stock.

Ziff Davis Trading Down 6.1 %

Shares of NASDAQ:ZD traded down $2.14 during trading on Thursday, reaching $32.97. 62,649 shares of the company traded hands, compared to its average volume of 497,300. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 28.06 and a beta of 1.47. Ziff Davis, Inc. has a 52-week low of $30.63 and a 52-week high of $60.62. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.49. The business's fifty day moving average is $43.32 and its 200-day moving average is $49.43.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ZD shares. Citigroup dropped their price target on shares of Ziff Davis from $58.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. UBS Group decreased their target price on shares of Ziff Davis from $65.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ziff Davis from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.67.

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.