Tocqueville Asset Management L.P. Purchases 3,700 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Tocqueville Asset Management L.P. increased its position in Ziff Davis, Inc. (NASDAQ:ZD) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,700 shares of the technology company’s stock after acquiring an additional 3,700 shares during the period. Tocqueville Asset Management L.P. owned about 0.22% of Ziff Davis worth $5,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its holdings 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 last quarter. Franklin Resources Inc. bought a new position in Ziff Davis during the third quarter valued at approximately $986,000. Virtu Financial LLC purchased a new stake in Ziff Davis in the third quarter worth approximately $503,000. Principal Financial Group Inc. grew its position 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 purchasing an additional 56,352 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in Ziff Davis during the 3rd quarter valued at $1,460,000. 99.76% of the stock is owned by institutional investors.

Ziff Davis Stock Down 3.0 %

NASDAQ ZD opened at $40.79 on Wednesday. The stock’s 50-day moving average price is $49.03 and its 200-day moving average price is $50.87. The company has a market capitalization of $1.75 billion, a P/E ratio of 34.57 and a beta of 1.42. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. Ziff Davis, Inc. has a 52 week low of $37.62 and a 52 week high of $64.04.

Insiders Place Their Bets

In other Ziff Davis news, CFO Bret Richter bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average price of $39.21 per share, with a total value of $98,025.00. Following the purchase, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Brian Kretzmer purchased 653 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.33 per share, with a total value of $25,029.49. Following the completion of the purchase, the director now directly owns 12,968 shares in the company, valued at $497,063.44. This trade represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 5,028 shares of company stock worth $198,024. Company insiders own 2.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ZD shares. JPMorgan Chase & Co. dropped their price target on Ziff Davis from $70.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Citigroup dropped their target price on Ziff Davis from $58.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price target on shares of Ziff Davis from $65.00 to $56.00 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 issued a buy rating to the company. Based on data from MarketBeat.com, Ziff Davis presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

Ziff Davis 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.