Control4 Corporation (CTRL) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its holdings in shares of Control4 Corporation (NASDAQ:CTRL) by 293.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,341 shares of the electronics maker’s stock after purchasing an additional 7,713 shares during the period. BNP Paribas Arbitrage SA’s holdings in Control4 were worth $305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in shares of Control4 during the 3rd quarter worth about $130,000. Legal & General Group Plc lifted its position in shares of Control4 by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Control4 during the 2nd quarter worth about $213,000. New York State Teachers Retirement System acquired a new position in shares of Control4 during the 3rd quarter worth about $380,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Control4 during the 2nd quarter worth about $255,000. 77.34% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Martin Plaehn sold 222,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $32.25, for a total value of $7,159,500.00. Following the sale, the chief executive officer now directly owns 169,257 shares in the company, valued at approximately $5,458,538.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeremy A. Jaech sold 12,801 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $34.48, for a total value of $441,378.48. Following the completion of the sale, the director now owns 31,002 shares in the company, valued at $1,068,948.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 360,766 shares of company stock valued at $11,761,260. Insiders own 6.10% of the company’s stock.

Several research firms recently weighed in on CTRL. BidaskClub cut Control4 from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 price target on shares of Control4 in a report on Friday, November 3rd. Maxim Group reaffirmed a “hold” rating and issued a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. Finally, UBS cut Control4 from an “outperform” rating to a “market perform” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.50.

Control4 Corporation (NASDAQ:CTRL) opened at $30.93 on Wednesday. The company has a market capitalization of $764.06, a P/E ratio of 46.52, a price-to-earnings-growth ratio of 2.95 and a beta of -0.51. Control4 Corporation has a twelve month low of $10.08 and a twelve month high of $35.99.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.15 by $0.20. The firm had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.26 EPS. equities research analysts predict that Control4 Corporation will post 0.68 earnings per share for the current year.

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About Control4

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.

Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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