UBS Group AG raised its position in Control4 Corporation (NASDAQ:CTRL) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,727 shares of the electronics maker’s stock after buying an additional 458 shares during the period. UBS Group AG’s holdings in Control4 Corporation were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp increased its stake in Control4 Corporation by 6.8% in the fourth quarter. State Street Corp now owns 269,394 shares of the electronics maker’s stock worth $2,745,000 after buying an additional 17,270 shares during the period. Dimensional Fund Advisors LP increased its stake in Control4 Corporation by 162.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 190,119 shares of the electronics maker’s stock worth $1,939,000 after buying an additional 117,623 shares during the period. Renaissance Technologies LLC increased its stake in Control4 Corporation by 55.5% in the fourth quarter. Renaissance Technologies LLC now owns 260,700 shares of the electronics maker’s stock worth $2,659,000 after buying an additional 93,000 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Control4 Corporation by 18.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,450 shares of the electronics maker’s stock worth $158,000 after buying an additional 2,406 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in Control4 Corporation during the fourth quarter worth about $219,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Shares of Control4 Corporation (NASDAQ:CTRL) traded up 2.73% during mid-day trading on Friday, reaching $23.74. 516,154 shares of the company’s stock traded hands. Control4 Corporation has a 1-year low of $9.97 and a 1-year high of $24.94. The firm has a 50-day moving average price of $22.02 and a 200-day moving average price of $17.58. The company has a market capitalization of $590.06 million, a P/E ratio of 57.90 and a beta of -0.60.

Control4 Corporation (NASDAQ:CTRL) last posted its earnings results on Thursday, August 3rd. The electronics maker reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $61.40 million during the quarter, compared to analyst estimates of $60.70 million. During the same period in the previous year, the company earned $0.23 EPS. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities research analysts forecast that Control4 Corporation will post $1.04 earnings per share for the current fiscal year.

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CTRL has been the subject of a number of research analyst reports. Singular Research initiated coverage on shares of Control4 Corporation in a research report on Monday, April 17th. They set a “buy” rating and a $21.00 target price for the company. Zacks Investment Research raised shares of Control4 Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Imperial Capital increased their target price on shares of Control4 Corporation from $16.00 to $19.00 and gave the stock an “in-line” rating in a research report on Monday, May 8th. Maxim Group initiated coverage on shares of Control4 Corporation in a research report on Thursday, May 11th. They set a “hold” rating and a $19.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Control4 Corporation in a research report on Wednesday, May 31st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Control4 Corporation currently has an average rating of “Buy” and an average price target of $20.63.

In related news, Director Robert Born sold 2,356 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $22.55, for a total value of $53,127.80. Following the completion of the sale, the director now directly owns 15,433 shares in the company, valued at approximately $348,014.15. The transaction 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 business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $18.15, for a total value of $40,910.10. Following the completion of the sale, the insider now owns 14,295 shares of the company’s stock, valued at $259,454.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,168 shares of company stock valued at $718,042. Corporate insiders own 6.10% of the company’s stock.

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

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