Rhumbline Advisers boosted its stake in shares of Control4 Corp (NASDAQ:CTRL) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,608 shares of the electronics maker’s stock after buying an additional 2,747 shares during the quarter. Rhumbline Advisers owned 0.21% of Control4 worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new position in Control4 during the second quarter worth about $117,000. First Mercantile Trust Co. grew its position in shares of Control4 by 79.4% in the first quarter. First Mercantile Trust Co. now owns 6,424 shares of the electronics maker’s stock valued at $138,000 after purchasing an additional 2,843 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Control4 by 52.9% in the first quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock valued at $159,000 after purchasing an additional 2,561 shares during the last quarter. Intl Fcstone Inc. acquired a new stake in shares of Control4 in the second quarter valued at approximately $218,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Control4 in the second quarter valued at approximately $221,000. Institutional investors own 79.40% of the company’s stock.

In related news, SVP Susan Cashen sold 10,384 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $25.14, for a total transaction of $261,053.76. Following the sale, the senior vice president now owns 3,829 shares in the company, valued at $96,261.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Joshua D. Ellis sold 716 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $35.18, for a total transaction of $25,188.88. Following the sale, the general counsel now owns 2,186 shares in the company, valued at approximately $76,903.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 552,920 shares of company stock worth $17,925,175. 6.10% of the stock is owned by company insiders.

Several analysts have recently commented on the stock. BidaskClub upgraded shares of Control4 from a “hold” rating to a “buy” rating in a research report on Wednesday. Cowen set a $40.00 price target on shares of Control4 and gave the company a “buy” rating in a research report on Monday, September 10th. ValuEngine upgraded shares of Control4 from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Maxim Group reiterated a “buy” rating and issued a $36.00 price target on shares of Control4 in a research report on Friday, August 3rd. Finally, Imperial Capital set a $32.00 price target on shares of Control4 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.50.

Shares of NASDAQ CTRL opened at $37.14 on Friday. Control4 Corp has a 1 year low of $20.50 and a 1 year high of $37.62. The company has a market cap of $946.23 million, a P/E ratio of 39.41, a PEG ratio of 3.45 and a beta of -0.10.

Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, August 2nd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.21. Control4 had a net margin of 7.21% and a return on equity of 15.03%. The firm had revenue of $69.20 million for the quarter, compared to analyst estimates of $68.02 million. During the same quarter last year, the business earned $0.32 earnings per share. Control4’s revenue was up 12.7% compared to the same quarter last year. analysts forecast that Control4 Corp will post 0.91 EPS for the current year.

Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.

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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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