Public Sector Pension Investment Board Has $6.09 Million Holdings in Ziff Davis, Inc. $ZD

Public Sector Pension Investment Board increased its position in Ziff Davis, Inc. (NASDAQ:ZD) by 11.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 159,924 shares of the technology company’s stock after buying an additional 16,397 shares during the period. Public Sector Pension Investment Board’s holdings in Ziff Davis were worth $6,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ZD. Geode Capital Management LLC boosted its position in shares of Ziff Davis by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,081,156 shares of the technology company’s stock valued at $32,730,000 after acquiring an additional 18,577 shares during the period. Allianz Asset Management GmbH raised its stake in Ziff Davis by 23.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 239,594 shares of the technology company’s stock valued at $9,129,000 after purchasing an additional 46,282 shares during the last quarter. Empowered Funds LLC boosted its holdings in Ziff Davis by 19.8% in the 2nd quarter. Empowered Funds LLC now owns 215,503 shares of the technology company’s stock valued at $6,523,000 after purchasing an additional 35,621 shares during the period. Cresset Asset Management LLC acquired a new stake in Ziff Davis in the 2nd quarter worth $1,286,000. Finally, Bank of Montreal Can increased its holdings in shares of Ziff Davis by 84.4% during the 2nd quarter. Bank of Montreal Can now owns 12,472 shares of the technology company’s stock worth $378,000 after purchasing an additional 5,709 shares during the period. 99.76% of the stock is currently owned by institutional investors.

Ziff Davis Trading Up 2.1%

Shares of ZD opened at $30.83 on Thursday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.22 billion, a PE ratio of 12.23 and a beta of 1.46. Ziff Davis, Inc. has a 1 year low of $28.55 and a 1 year high of $52.20. The stock has a 50 day simple moving average of $35.45 and a 200-day simple moving average of $35.55.

Analysts Set New Price Targets

Several research firms recently weighed in on ZD. Citigroup reduced their target price on shares of Ziff Davis from $42.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. UBS Group cut their price target on Ziff Davis from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 10th. Wall Street Zen lowered Ziff Davis from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (d)” rating on shares of Ziff Davis in a research report on Wednesday, January 21st. Finally, Barclays reduced their target price on Ziff Davis from $40.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.50.

About Ziff Davis

Ziff Davis, Inc is a digital media and internet company that operates a diverse portfolio of online brands, subscription-based services and performance marketing platforms. The company specializes in technology publishing and digital marketing solutions, offering content, reviews and insights tailored to consumer and enterprise audiences. Ziff Davis’s flagship media properties include PCMag, which provides expert reviews and comparisons of consumer electronics and software, as well as IGN, a leading destination for gaming news, reviews and entertainment coverage.

Founded in 1927 by William B.