Wellington Shields Capital Management LLC raised its stake in Control4 Corporation (NASDAQ:CTRL) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,100 shares of the electronics maker’s stock after purchasing an additional 3,500 shares during the period. Wellington Shields Capital Management LLC owned 0.13% of Control4 Corporation worth $1,005,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Gerber Kawasaki Wealth & Investment Management purchased a new position in Control4 Corporation in the second quarter valued at approximately $2,463,000. Vanguard Group Inc. grew its position in shares of Control4 Corporation by 7.9% during the first quarter. Vanguard Group Inc. now owns 800,032 shares of the electronics maker’s stock worth $12,633,000 after acquiring an additional 58,738 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Control4 Corporation by 38.3% during the second quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock worth $16,676,000 after acquiring an additional 235,700 shares during the last quarter. Lord Abbett & CO. LLC grew its position in shares of Control4 Corporation by 11.3% during the second quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock worth $15,707,000 after acquiring an additional 81,180 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 acquiring an additional 10,814 shares during the last quarter. Institutional investors own 74.15% of the company’s stock.

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

In other Control4 Corporation news, insider Greg Bishop sold 2,254 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $22.83, for a total value of $51,458.82. Following the completion of the sale, the insider now owns 14,295 shares of the company’s stock, valued at $326,354.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Susan Cashen sold 1,768 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were 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. Over the last ninety days, insiders have sold 345,327 shares of company stock valued at $11,168,839. Corporate insiders own 6.10% of the company’s stock.

Shares of Control4 Corporation (NASDAQ:CTRL) traded up $0.01 during midday trading on Tuesday, hitting $32.98. The company had a trading volume of 271,574 shares, compared to its average volume of 489,932. Control4 Corporation has a 52-week low of $10.08 and a 52-week high of $34.10. The firm has a market capitalization of $804.48, a P/E ratio of 48.99, a PEG ratio of 3.11 and a beta of -0.57.

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