Traders are a little more bullish lately if you put credence in the motion in short interest. The stock had a fall in short interest of -10.62% between September 29, 2017 and October 13, 2017. Short interest decreased 156,192 over that timeframe. Days to cover increased from 3.0 to 4.0 and the percentage of shorted shares was 0.05% on October 13.
There has been some selling insider activity on Control4 Corporation (NASDAQ:CTRL) recently. Chairman Martin Plaehn disclosed the sale of 222,000 shares. The shares sold for $31.93. Plaehn now owns $1,664,192 of the stock according to the SEC filing.
A few notable investment firms have updated their holdings. Citigroup Inc downsized its stake by shedding 87 shares a decrease of 33.3%. Citigroup Inc owns 174 shares with a value of $5,000. The total value of its holdings decreased 0.0%. As of quarter end California State Teachers Retirement System had disposed of a total of 4,156 shares trimming its stake by 9.6%. The value of the total investment in Control4 Corporation went from $848,000 to $1,151,000 increasing 35.7% quarter to quarter.
Alliancebernstein L.p. grew its position by buying 49,040 shares an increase of 219.9% as of 09/30/2017. Alliancebernstein L.p. now controls 71,340 shares worth $2,102,000. The value of the position overall is up by 381.0%. As of the end of the quarter Dimensional Fund Advisors Lp had bought 112,555 shares growing its position 14.0%. The value of the company’s investment in Control4 Corporation increased from $15,744,000 to $26,968,000 a change of 71.3% quarter over quarter.
On November 3 Needham & Company LLC maintained a stock rating of “Buy” with a current price target of $30.00. November 3 investment analysts at Maxim Group made no change to the company rating of “Hold” targeting a price of $33.00.
On November 1 analysts at Cowen and Company issued a report on CTRL with a rating of “Buy” and a price target of $30.00. On September 11 Needham & Company LLC kept the company rating at “Buy” projecting a price of $27.00.
On August 9 Needham & Company LLC held the stock rating at “Buy” targeting a price of $25.00.
The company is now up from yesterday’s close of 32.97. The company currently has a P/E ratio of 62.18 and market capitalization is 822.47M. In the latest earnings report the EPS was $0.53 with 25.27M shares now outstanding.
Control4 Corporation (Control4), launched on March 27, 2003, is a provider of smart home and business solutions. The Business’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. The Business’s software, delivered through its controller and user-interface products together with various cloud services power this customized experience, enabling cohesive interoperability with thousands of connected Control4 and third-party devices. Its Control4 solution integrates various third-party devices and systems into a unified solution for mainstream consumers. Through its unified software platform, consumers can interact with their entire automated home without learning multiple interfaces or various remote controls. The Business’s solution enables its consumers to personalize the features and functionality of their Control4 system..