Northern Trust Corp boosted its stake in Control4 Corporation (NASDAQ:CTRL) by 26.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,321 shares of the electronics maker’s stock after acquiring an additional 55,818 shares during the period. Northern Trust Corp owned about 1.11% of Control4 Corporation worth $5,282,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Legal & General Group Plc lifted its position in Control4 Corporation by 11.7% in the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares during the last quarter. UBS Group AG lifted its position in Control4 Corporation by 6.3% in the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 458 shares during the last quarter. American International Group Inc. lifted its position in Control4 Corporation by 7.1% in the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 822 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Control4 Corporation in the second quarter valued at $255,000. Finally, Bank of Montreal Can lifted its position in Control4 Corporation by 10.8% in the second quarter. Bank of Montreal Can now owns 14,768 shares of the electronics maker’s stock valued at $290,000 after acquiring an additional 1,436 shares during the last quarter. 74.15% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on CTRL shares. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target (up from $25.00) on shares of Control4 Corporation in a research report on Monday, September 11th. Cowen and Company raised shares of Control4 Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $22.00 to $30.00 in a research report on Friday, September 8th. Zacks Investment Research cut shares of Control4 Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. UBS AG cut shares of Control4 Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.50.
In other Control4 Corporation news, insider Greg Bishop sold 2,254 shares of Control4 Corporation stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total value of $74,156.60. Following the transaction, the insider now directly owns 15,961 shares in the company, valued at $525,116.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martin Plaehn sold 117,137 shares of Control4 Corporation stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the completion of the transaction, the chief executive officer now owns 169,257 shares in the company, valued at $5,588,866.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 342,661 shares of company stock worth $11,143,418. 6.10% of the stock is currently owned by company insiders.
Control4 Corporation (NASDAQ:CTRL) opened at $33.08 on Friday. The company has a market cap of $856.03, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 3.23 and a beta of -0.57. Control4 Corporation has a one year low of $10.08 and a one year high of $34.73.
Control4 Corporation (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. The company had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. Control4 Corporation had a net margin of 5.96% and a return on equity of 11.63%. Control4 Corporation’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 earnings per share. research analysts forecast that Control4 Corporation will post 0.68 EPS for the current fiscal year.
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Control4 Corporation Company Profile
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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