Nordea Investment Management AB bought a new position in shares of Control4 Corp (NASDAQ:CTRL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,900 shares of the electronics maker’s stock, valued at approximately $380,000. Nordea Investment Management AB owned approximately 0.05% of Control4 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc raised its holdings in shares of Control4 by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 577 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Control4 in the third quarter worth $130,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Control4 in the third quarter worth $183,000. Voya Investment Management LLC acquired a new position in shares of Control4 in the second quarter worth $213,000. Finally, Municipal Employees Retirement System of Michigan acquired a new position in shares of Control4 in the third quarter worth $215,000. Institutional investors own 77.34% of the company’s stock.
In other Control4 news, CEO Martin Plaehn sold 117,137 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the completion of the sale, the chief executive officer now owns 169,257 shares of the company’s stock, valued at $5,588,866.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Eric Anderson sold 14,384 shares of the business’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $30.54, for a total value of $439,287.36. Following the sale, the senior vice president now directly owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 389,534 shares of company stock valued at $12,639,835. 6.10% of the stock is owned by company insiders.
Control4 Corp (CTRL) traded up $0.11 during trading on Tuesday, reaching $29.87. The company had a trading volume of 594,940 shares, compared to its average volume of 499,819. The firm has a market capitalization of $742.44, a price-to-earnings ratio of 56.36, a P/E/G ratio of 2.90 and a beta of -0.51. Control4 Corp has a 52-week low of $10.08 and a 52-week high of $35.99.
Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.20. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The firm had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. research analysts forecast that Control4 Corp will post 0.68 earnings per share for the current fiscal year.
CTRL has been the subject of a number of analyst reports. Cowen raised Control4 from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $22.00 to $30.00 in a report on Friday, September 8th. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 target price (up from $25.00) on shares of Control4 in a research note on Monday, September 11th. Zacks Investment Research lowered Control4 from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. UBS Group lowered Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Maxim Group reiterated a “hold” rating and issued a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.50.
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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