Bank of New York Mellon Corp increased its stake in shares of Control4 Corporation (NASDAQ:CTRL) by 638.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 729,785 shares of the electronics maker’s stock after purchasing an additional 630,921 shares during the quarter. Bank of New York Mellon Corp owned 3.00% of Control4 Corporation worth $14,311,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hancock Holding Co. acquired a new stake in shares of Control4 Corporation during the first quarter worth $189,000. Airain ltd acquired a new stake in shares of Control4 Corporation during the first quarter worth $411,000. EAM Investors LLC lifted its holdings in shares of Control4 Corporation by 17.2% during the first quarter. EAM Investors LLC now owns 55,851 shares of the electronics maker’s stock worth $882,000 after purchasing an additional 8,179 shares during the period. TFS Capital LLC acquired a new stake in shares of Control4 Corporation during the first quarter worth $176,000. Finally, AXA acquired a new stake in shares of Control4 Corporation during the first quarter worth $204,000. 74.27% of the stock is owned by hedge funds and other institutional investors.

In other Control4 Corporation news, Director Robert Born sold 2,356 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total transaction of $53,127.80. Following the completion of the transaction, the director now owns 15,433 shares in the company, valued at approximately $348,014.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Susan Cashen sold 1,768 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.87, for a total value of $40,434.16. The disclosure for this sale can be found here. Insiders have sold a total of 8,546 shares of company stock valued at $194,603 in the last quarter. 6.10% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on CTRL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price target on shares of Control4 Corporation in a report on Wednesday, May 31st. BidaskClub downgraded Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research raised Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Wednesday, August 9th. Finally, Cowen and Company set a $22.00 target price on Control4 Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.88.

Shares of Control4 Corporation (CTRL) opened at 28.32 on Friday. Control4 Corporation has a 12-month low of $9.97 and a 12-month high of $29.66. The firm has a 50-day moving average price of $24.57 and a 200-day moving average price of $19.87. The firm has a market cap of $703.89 million, a P/E ratio of 69.07 and a beta of -0.62.

Control4 Corporation (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.09. Control4 Corporation had a return on equity of 10.77% and a net margin of 4.70%. The company had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.70 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Control4 Corporation will post $1.04 earnings per share for the current fiscal year.

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Control4 Corporation 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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Institutional Ownership by Quarter for Control4 Corporation (NASDAQ:CTRL)

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