Dynamic Technology Lab Private Ltd Acquires New Position in Control4 Corp (CTRL)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Control4 Corp (NASDAQ:CTRL) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,484 shares of the electronics maker’s stock, valued at approximately $762,000. Dynamic Technology Lab Private Ltd owned about 0.14% of Control4 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Control4 by 2.9% in the fourth quarter. BlackRock Inc. now owns 2,844,620 shares of the electronics maker’s stock worth $84,656,000 after purchasing an additional 79,907 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Control4 by 10.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 111,813 shares of the electronics maker’s stock worth $3,328,000 after purchasing an additional 10,161 shares during the last quarter. Swiss National Bank bought a new stake in shares of Control4 in the fourth quarter worth about $1,196,000. Allianz Asset Management GmbH grew its stake in shares of Control4 by 1,275.0% in the fourth quarter. Allianz Asset Management GmbH now owns 314,865 shares of the electronics maker’s stock worth $9,370,000 after purchasing an additional 291,965 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Control4 by 10.0% in the fourth quarter. California Public Employees Retirement System now owns 64,633 shares of the electronics maker’s stock worth $1,923,000 after purchasing an additional 5,892 shares during the last quarter. 79.92% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Susan Cashen sold 6,945 shares of Control4 stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $24.16, for a total transaction of $167,791.20. Following the completion of the transaction, the senior vice president now directly owns 5,389 shares in the company, valued at $130,198.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bryce Judd sold 1,042 shares of Control4 stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $24.88, for a total transaction of $25,924.96. Following the transaction, the senior vice president now owns 1,042 shares of the company’s stock, valued at $25,924.96. The disclosure for this sale can be found here. Insiders sold 39,199 shares of company stock valued at $964,577 over the last 90 days. 4.40% of the stock is currently owned by company insiders.

Several analysts recently issued reports on CTRL shares. Imperial Capital raised Control4 from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $24.65 to $30.00 in a research note on Thursday, March 8th. BidaskClub upgraded shares of Control4 from a “strong sell” rating to a “sell” rating in a report on Friday, March 9th. DA Davidson assumed coverage on shares of Control4 in a report on Friday, March 16th. They issued a “buy” rating and a $30.00 price objective for the company. Raymond James restated an “outperform” rating and issued a $30.00 price objective on shares of Control4 in a report on Monday, March 19th. Finally, Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.38.

Shares of CTRL opened at $24.07 on Thursday. Control4 Corp has a one year low of $19.03 and a one year high of $35.99. The stock has a market capitalization of $635.41 million, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.80 and a beta of -0.25.

Control4 (NASDAQ:CTRL) last issued its quarterly earnings data on Thursday, May 3rd. The electronics maker reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Control4 had a net margin of 6.35% and a return on equity of 13.91%. The business had revenue of $59.10 million during the quarter, compared to analyst estimates of $57.18 million. During the same period last year, the business posted $0.12 earnings per share. Control4’s quarterly revenue was up 17.7% compared to the same quarter last year. equities analysts anticipate that Control4 Corp will post 0.83 EPS for the current fiscal year.

About Control4

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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