Legal & General Group Plc raised its stake in shares of Control4 Corp (NASDAQ:CTRL) by 1.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 56,640 shares of the electronics maker’s stock after acquiring an additional 920 shares during the period. Legal & General Group Plc’s holdings in Control4 were worth $991,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC purchased a new position in shares of Control4 during the 4th quarter valued at about $31,000. Neuburgh Advisers LLC purchased a new position in shares of Control4 during the 4th quarter valued at about $37,000. NumerixS Investment Technologies Inc increased its stake in shares of Control4 by 866.7% in the 4th quarter. NumerixS Investment Technologies Inc now owns 5,800 shares of the electronics maker’s stock valued at $100,000 after purchasing an additional 5,200 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Control4 in the 4th quarter valued at about $131,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Control4 by 353.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,184 shares of the electronics maker’s stock valued at $144,000 after purchasing an additional 6,379 shares in the last quarter. Institutional investors and hedge funds own 84.63% of the company’s stock.

Shares of Control4 stock opened at $17.45 on Wednesday. Control4 Corp has a twelve month low of $15.59 and a twelve month high of $37.62. The stock has a market capitalization of $460.47 million, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.

Control4 (NASDAQ:CTRL) last announced its quarterly earnings results on Monday, February 4th. The electronics maker reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. Control4 had a return on equity of 14.53% and a net margin of 16.09%. The firm had revenue of $72.50 million during the quarter, compared to analyst estimates of $73.07 million. During the same quarter in the previous year, the business earned $0.40 EPS. Control4’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Control4 Corp will post 0.68 earnings per share for the current year.

In related news, CFO Mark Novakovich sold 9,400 shares of Control4 stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $17.83, for a total value of $167,602.00. Following the sale, the chief financial officer now directly owns 9,935 shares in the company, valued at approximately $177,141.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Susan Cashen sold 5,022 shares of Control4 stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $18.12, for a total value of $90,998.64. Following the completion of the sale, the senior vice president now owns 5,022 shares in the company, valued at $90,998.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,764 shares of company stock worth $318,189. 2.90% of the stock is currently owned by insiders.

Several brokerages recently weighed in on CTRL. Needham & Company LLC lowered Control4 from a “buy” rating to a “hold” rating in a research note on Tuesday, February 5th. DA Davidson cut their price target on Control4 to $33.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. Maxim Group cut their price target on Control4 from $36.00 to $31.00 and set a “buy” rating for the company in a research note on Tuesday, February 5th. BidaskClub upgraded Control4 from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. Finally, Raymond James lowered Control4 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 15th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $27.86.

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About Control4

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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.

Read More: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Control4 (NASDAQ:CTRL)

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