Jane Street Group LLC purchased a new position in shares of Zix Co. (NASDAQ:ZIXI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 52,216 shares of the software maker’s stock, valued at approximately $299,000. Jane Street Group LLC owned 0.10% of ZIX at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ZIXI. Ranger Investment Management L.P. boosted its stake in shares of ZIX by 41.7% in the 4th quarter. Ranger Investment Management L.P. now owns 726,770 shares of the software maker’s stock valued at $4,164,000 after purchasing an additional 213,890 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of ZIX by 343.5% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,543 shares of the software maker’s stock valued at $106,000 after purchasing an additional 14,362 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of ZIX by 13.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,608,124 shares of the software maker’s stock valued at $9,215,000 after purchasing an additional 195,030 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of ZIX by 79.0% in the 4th quarter. Bank of America Corp DE now owns 42,007 shares of the software maker’s stock valued at $240,000 after purchasing an additional 18,534 shares during the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of ZIX by 23.9% in the 4th quarter. Two Sigma Investments LP now owns 289,168 shares of the software maker’s stock valued at $1,657,000 after purchasing an additional 55,755 shares during the last quarter. 74.59% of the stock is owned by institutional investors.
A number of research firms have recently commented on ZIXI. ValuEngine lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research lowered shares of ZIX from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, BidaskClub raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ZIX presently has an average rating of “Buy” and an average target price of $7.83.
NASDAQ:ZIXI opened at $7.53 on Tuesday. Zix Co. has a 52 week low of $4.61 and a 52 week high of $9.07. The firm has a market capitalization of $406.76 million, a PE ratio of 23.53, a PEG ratio of 1.80 and a beta of 1.05.
ZIX (NASDAQ:ZIXI) last issued its earnings results on Thursday, February 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The business had revenue of $18.45 million for the quarter, compared to analyst estimates of $18.31 million. ZIX had a net margin of 21.89% and a return on equity of 19.47%. On average, sell-side analysts anticipate that Zix Co. will post 0.28 earnings per share for the current year.
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ZIX Company Profile
Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.
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