Oregon Public Employees Retirement Fund Trims Stock Holdings in Ziff Davis, Inc. (NASDAQ:ZD)

Oregon Public Employees Retirement Fund lowered its stake in shares of Ziff Davis, Inc. (NASDAQ:ZD) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,100 shares of the technology company’s stock after selling 400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ziff Davis were worth $549,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its position in shares of Ziff Davis by 69.8% during the 3rd quarter. Victory Capital Management Inc. now owns 53,905 shares of the technology company’s stock valued at $2,623,000 after acquiring an additional 22,155 shares during the period. Franklin Resources Inc. acquired a new stake in Ziff Davis in the 3rd quarter worth about $986,000. Virtu Financial LLC acquired a new stake in Ziff Davis in the 3rd quarter worth about $503,000. Empowered Funds LLC acquired a new stake in Ziff Davis in the 3rd quarter worth about $7,210,000. Finally, Principal Financial Group Inc. boosted its holdings in Ziff Davis by 36.4% in the 3rd quarter. Principal Financial Group Inc. now owns 210,989 shares of the technology company’s stock worth $10,267,000 after buying an additional 56,352 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Ziff Davis Trading Down 0.6 %

ZD opened at $41.06 on Monday. Ziff Davis, Inc. has a one year low of $37.76 and a one year high of $70.02. The stock has a market capitalization of $1.76 billion, a PE ratio of 34.80 and a beta of 1.36. The business’s 50 day moving average price is $52.69 and its 200 day moving average price is $51.39. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ZD shares. Barclays lifted their price objective on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. UBS Group lowered their target price on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup dropped their price target on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

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.