State Board of Administration of Florida Retirement System trimmed its holdings in shares of Control4 Corporation (NASDAQ:CTRL) by 43.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,648 shares of the electronics maker’s stock after selling 12,890 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of Control4 Corporation worth $490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CTRL. Bank of New York Mellon Corp raised its stake in shares of Control4 Corporation by 12.3% during the first quarter. Bank of New York Mellon Corp now owns 98,864 shares of the electronics maker’s stock worth $1,561,000 after buying an additional 10,814 shares during the last quarter. American International Group Inc. grew its holdings in Control4 Corporation by 7.1% during the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 822 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Control4 Corporation by 14.8% during the first quarter. TIAA CREF Investment Management LLC now owns 64,896 shares of the electronics maker’s stock valued at $1,025,000 after purchasing an additional 8,342 shares during the period. Vanguard Group Inc. grew its holdings in Control4 Corporation by 7.9% during the first quarter. Vanguard Group Inc. now owns 800,032 shares of the electronics maker’s stock valued at $12,633,000 after purchasing an additional 58,738 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Control4 Corporation by 30.5% during the first quarter. Geode Capital Management LLC now owns 170,964 shares of the electronics maker’s stock valued at $2,699,000 after purchasing an additional 40,002 shares during the period. 74.75% of the stock is owned by institutional investors and hedge funds.

Control4 Corporation (NASDAQ:CTRL) opened at $33.81 on Tuesday. The firm has a market cap of $822.23, a P/E ratio of 50.89, a PEG ratio of 3.23 and a beta of -0.57. Control4 Corporation has a 1-year low of $10.08 and a 1-year high of $34.73.

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

In other news, insider Greg Bishop sold 2,254 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $32.90, for a total value of $74,156.60. Following the completion of the transaction, the insider now owns 15,961 shares in the company, valued at $525,116.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Martin Plaehn sold 117,137 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74. Following the completion of the transaction, the chief executive officer now owns 169,257 shares of the company’s stock, valued at approximately $5,588,866.14. The disclosure for this sale can be found here. Insiders sold 342,661 shares of company stock valued at $11,143,418 in the last quarter. Corporate insiders own 6.10% of the company’s stock.

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CTRL has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 8th. Maxim Group restated a “hold” rating and set a $33.00 price objective on shares of Control4 Corporation in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $30.00 price objective on shares of Control4 Corporation in a report on Friday, November 3rd. BidaskClub cut shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, Cowen and Company set a $22.00 price objective on shares of Control4 Corporation and gave the company a “hold” rating in a report on Friday, August 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $25.50.

About Control4 Corporation

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 Corporation (NASDAQ:CTRL)

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