Janus Henderson Group PLC Acquires 272,895 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Janus Henderson Group PLC lifted its holdings in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 8.5% in the fourth quarter, according to the company in its most recent disclosure 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 approximately 8.16% of Ziff Davis worth $189,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZD. Legal & General Group Plc grew its stake in Ziff Davis by 12.4% in the fourth quarter. Legal & General Group Plc now owns 2,425,947 shares of the technology company’s stock worth $131,826,000 after purchasing an additional 267,436 shares during the period. Dimensional Fund Advisors LP grew its stake in Ziff Davis by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,780 shares of the technology company’s stock worth $131,112,000 after purchasing an additional 118,979 shares during the period. CDAM UK Ltd grew its stake in Ziff Davis by 16.6% in the fourth quarter. CDAM UK Ltd now owns 1,492,860 shares of the technology company’s stock worth $81,122,000 after purchasing an additional 213,071 shares during the period. Pacer Advisors Inc. grew its stake 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 purchasing an additional 1,265,967 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Ziff Davis by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,944 shares of the technology company’s stock worth $41,187,000 after purchasing an additional 62,402 shares during the period. Institutional investors own 99.76% of the company’s stock.

Insider Activity

In other news, Director Sarah Ann Fay bought 1,282 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $39.00 per share, with a total value of $49,998.00. Following the completion of the acquisition, the director now owns 18,655 shares in the company, valued at $727,545. The trade was a 7.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Brian Kretzmer bought 653 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.33 per share, for a total transaction of $25,029.49. Following the acquisition, the director now owns 12,968 shares of the company’s stock, valued at $497,063.44. This trade represents a 5.30% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 5,028 shares of company stock valued at $198,024 over the last ninety days. 2.16% of the stock is currently owned by corporate insiders.

Ziff Davis Trading Down 4.5%

Shares of NASDAQ:ZD opened at $30.91 on Monday. The company has a market cap of $1.33 billion, a P/E ratio of 26.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.42. Ziff Davis, Inc. has a 1 year low of $29.15 and a 1 year high of $60.62. The stock’s fifty day moving average price is $35.26 and its 200-day moving average price is $47.13.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ZD. JPMorgan Chase & Co. cut Ziff Davis from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $60.00 to $33.00 in a research note on Tuesday, April 22nd. UBS Group reduced their price target on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price target on Ziff Davis from $52.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Ziff Davis presently has an average rating of “Hold” and an average price target of $56.00.

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.