Engineers Gate Manager LP purchased a new stake in shares of Control4 Corp (NASDAQ:CTRL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 58,693 shares of the electronics maker’s stock, valued at approximately $1,747,000.

A number of other hedge funds have also recently added to or reduced their stakes in CTRL. Schwab Charles Investment Management Inc. boosted its holdings in Control4 by 16.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,087 shares of the electronics maker’s stock valued at $1,434,000 after acquiring an additional 10,242 shares during the period. Legal & General Group Plc lifted its stake 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 valued at $107,000 after buying an additional 577 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Control4 by 35.6% in the second quarter. Wells Fargo & Company MN now owns 77,618 shares of the electronics maker’s stock valued at $1,522,000 after buying an additional 20,393 shares during the period. Alliancebernstein L.P. bought a new stake in shares of Control4 in the second quarter valued at about $437,000. Finally, Teachers Advisors LLC lifted its stake in shares of Control4 by 38.2% in the second quarter. Teachers Advisors LLC now owns 46,889 shares of the electronics maker’s stock valued at $919,000 after buying an additional 12,952 shares during the period. Institutional investors own 76.26% of the company’s stock.

CTRL has been the subject of several research reports. BidaskClub cut shares of Control4 from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, November 8th. Cowen reiterated a “buy” rating on shares of Control4 in a research note on Tuesday, January 9th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Control4 in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.88.

Shares of Control4 Corp (NASDAQ CTRL) opened at $26.04 on Thursday. The firm has a market cap of $680.43, a PE ratio of 49.13, a P/E/G ratio of 2.33 and a beta of -0.60. Control4 Corp has a one year low of $11.00 and a one year high of $35.99.

In other Control4 news, Director Jeremy A. Jaech sold 12,801 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $34.48, for a total transaction of $441,378.48. Following the completion of the transaction, the director now owns 31,002 shares in the company, valued at $1,068,948.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $32.90, for a total transaction of $74,156.60. Following the transaction, the insider now owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,397 shares of company stock valued at $1,612,471. Corporate insiders own 6.10% of the company’s stock.

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

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