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

Tocqueville Asset Management L.P. lifted its holdings in Ziff Davis, Inc. (NASDAQ:ZD) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and 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.’s holdings in Ziff Davis were worth $5,092,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ZD. Pacer Advisors Inc. boosted its stake in Ziff Davis by 100,954.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,267,221 shares of the technology company’s stock worth $68,861,000 after buying an additional 1,265,967 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Ziff Davis by 170.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 259,758 shares of the technology company’s stock worth $14,115,000 after purchasing an additional 163,708 shares during the period. Ruffer LLP bought a new position in Ziff Davis during the 4th quarter valued at about $7,946,000. Raymond James Financial Inc. bought a new position in Ziff Davis during the 4th quarter valued at about $5,780,000. Finally, Public Sector Pension Investment Board purchased a new stake in Ziff Davis in the 3rd quarter worth about $4,618,000. Institutional investors own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price 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. UBS Group cut their price objective on Ziff Davis from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup decreased their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Insider Activity

In related news, CFO Bret Richter purchased 2,500 shares of Ziff Davis stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $39.21 per share, with a total value of $98,025.00. Following the transaction, the chief financial officer now owns 16,339 shares in the company, valued at approximately $640,652.19. The trade was a 18.06 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sarah Ann Fay acquired 1,282 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly 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 disclosure for this purchase can be found here. Over 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.

Ziff Davis Trading Down 3.0 %

ZD opened at $40.79 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $49.03 and its two-hundred day moving average 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. Ziff Davis, Inc. has a 52 week low of $37.62 and a 52 week high of $64.04.

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.