Teachers Retirement System of The State of Kentucky Sells 1,916 Shares of Ziff Davis, Inc. (NASDAQ:ZD)

Teachers Retirement System of The State of Kentucky lessened its stake in Ziff Davis, Inc. (NASDAQ:ZD) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,167 shares of the technology company’s stock after selling 1,916 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ziff Davis were worth $689,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZD. Janus Henderson Group PLC grew its position in shares of Ziff Davis by 2.0% during the 3rd quarter. Janus Henderson Group PLC now owns 3,214,600 shares of the technology company’s stock worth $156,422,000 after buying an additional 62,261 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ziff Davis by 14.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,057,314 shares of the technology company’s stock worth $113,255,000 after acquiring an additional 257,056 shares during the period. Geode Capital Management LLC raised its position in shares of Ziff Davis by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,274,762 shares of the technology company’s stock valued at $62,040,000 after acquiring an additional 36,863 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ziff Davis by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 695,542 shares of the technology company’s stock worth $33,845,000 after purchasing an additional 60,472 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in shares of Ziff Davis by 11.0% during the third quarter. Rice Hall James & Associates LLC now owns 501,313 shares of the technology company’s stock worth $24,394,000 after purchasing an additional 49,510 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

ZD has been the topic of a number of recent analyst reports. Barclays raised their target price on Ziff Davis from $44.00 to $61.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and set a $95.00 price objective on shares of Ziff Davis in a report on Friday, September 6th. Finally, UBS Group cut their target price on shares of Ziff Davis from $76.00 to $65.00 and set a “neutral” rating on the stock in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.71.

Ziff Davis Price Performance

NASDAQ ZD opened at $55.57 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 47.09 and a beta of 1.35. The business has a 50 day simple moving average of $53.11 and a 200 day simple moving average of $50.57. Ziff Davis, Inc. has a 52-week low of $37.76 and a 52-week high of $70.90.

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.