Zix Corporation (NASDAQ:ZIXI) shares reached a new 52-week low on Tuesday . The stock traded as low as $4.24 and last traded at $4.27, with a volume of 208000 shares trading hands. The stock had previously closed at $4.49.
ZIXI has been the topic of several research reports. Dougherty & Co dropped their price objective on shares of ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of ZIX from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, October 31st.
The firm has a market cap of $236.35, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27.
In related news, VP Dave Robertson sold 39,821 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $4.64, for a total transaction of $184,769.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of ZIX during the 3rd quarter worth $539,000. Isthmus Partners LLC bought a new stake in shares of ZIX during the 3rd quarter worth $378,000. EAM Investors LLC bought a new stake in shares of ZIX during the 2nd quarter worth $540,000. Parametric Portfolio Associates LLC boosted its holdings in shares of ZIX by 356.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after buying an additional 45,570 shares during the period. Finally, Cigna Investments Inc. New bought a new stake in ZIX in the 2nd quarter valued at $222,000. 65.99% of the stock is owned by institutional investors and hedge funds.
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ZIX Company Profile
Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.
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