Bank of Montreal Can bought a new stake in RPX Corp. (NASDAQ:RPXC) during the second quarter, Holdings Channel reports. The firm bought 354,087 shares of the company’s stock, valued at approximately $3,247,000.
Other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC raised its stake in RPX Corp. by 6.5% in the first quarter. Boothbay Fund Management LLC now owns 13,386 shares of the company’s stock valued at $151,000 after buying an additional 813 shares during the period. BlackRock Group LTD raised its stake in RPX Corp. by 5.1% in the first quarter. BlackRock Group LTD now owns 143,722 shares of the company’s stock valued at $1,618,000 after buying an additional 6,931 shares during the period. Bogle Investment Management L P DE raised its stake in RPX Corp. by 3.1% in the first quarter. Bogle Investment Management L P DE now owns 259,417 shares of the company’s stock valued at $2,921,000 after buying an additional 7,854 shares during the period. Babson Capital Management LLC raised its stake in RPX Corp. by 23.9% in the first quarter. Babson Capital Management LLC now owns 44,100 shares of the company’s stock valued at $497,000 after buying an additional 8,500 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in RPX Corp. during the second quarter valued at about $156,000. Institutional investors own 88.07% of the company’s stock.
RPX Corp. (NASDAQ:RPXC) traded down 0.19% during trading on Friday, reaching $10.27. The company’s stock had a trading volume of 154,121 shares. The company has a market cap of $508.97 million, a PE ratio of 25.55 and a beta of 1.10. The stock has a 50-day moving average price of $10.47 and a 200 day moving average price of $10.24. RPX Corp. has a 52-week low of $8.60 and a 52-week high of $15.41.
RPX Corp. (NASDAQ:RPXC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05. RPX Corp. had a net margin of 7.16% and a return on equity of 4.95%. The business had revenue of $83.10 million for the quarter, compared to analyst estimates of $82.14 million. During the same period in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts expect that RPX Corp. will post $0.75 EPS for the current year.
Several brokerages recently weighed in on RPXC. Zacks Investment Research upgraded RPX Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Saturday, August 6th. Barclays PLC dropped their price objective on RPX Corp. from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, July 7th.
In other news, CFO Robert H. Heath sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $10.60, for a total transaction of $31,800.00. Following the sale, the chief financial officer now directly owns 79,437 shares of the company’s stock, valued at $842,032.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mallun Yen sold 8,155 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $10.63, for a total transaction of $86,687.65. Following the sale, the insider now directly owns 109,642 shares in the company, valued at $1,165,494.46. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by company insiders.
About RPX Corp.
RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients.
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