LSV Asset Management Has $113,000 Position in RPX Corp. (RPXC)
LSV Asset Management maintained its stake in RPX Corp. (NASDAQ:RPXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in RPX Corp. were worth $113,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Boston Partners raised its stake in RPX Corp. by 0.9% in the second quarter. Boston Partners now owns 1,775,632 shares of the company’s stock worth $16,283,000 after buying an additional 16,330 shares during the last quarter. Renaissance Technologies LLC raised its stake in RPX Corp. by 27.5% in the first quarter. Renaissance Technologies LLC now owns 1,707,500 shares of the company’s stock worth $19,226,000 after buying an additional 368,700 shares during the last quarter. State Street Corp raised its stake in RPX Corp. by 1.6% in the first quarter. State Street Corp now owns 1,038,031 shares of the company’s stock worth $11,688,000 after buying an additional 15,891 shares during the last quarter. JPMorgan Chase & Co. raised its stake in RPX Corp. by 8.5% in the first quarter. JPMorgan Chase & Co. now owns 555,341 shares of the company’s stock worth $6,254,000 after buying an additional 43,292 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in RPX Corp. by 15.1% in the first quarter. TIAA CREF Investment Management LLC now owns 468,886 shares of the company’s stock worth $5,280,000 after buying an additional 61,367 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors and hedge funds.
Shares of RPX Corp. (NASDAQ:RPXC) traded up 2.24% during mid-day trading on Wednesday, reaching $10.50. The company’s stock had a trading volume of 273,592 shares. The firm’s 50 day moving average is $10.61 and its 200-day moving average is $10.27. The company has a market capitalization of $520.37 million, a PE ratio of 26.12 and a beta of 1.27. RPX Corp. has a 52-week low of $8.60 and a 52-week high of $15.41.
RPX Corp. (NASDAQ:RPXC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.05. RPX Corp. had a return on equity of 4.95% and a net margin of 7.16%. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $82.14 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Analysts forecast that RPX Corp. will post $0.75 EPS for the current year.
RPXC has been the topic of a number of analyst reports. Barclays PLC decreased their price objective on RPX Corp. from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Thursday, July 7th. Zacks Investment Research raised RPX Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Saturday, August 6th.
In other news, insider Mallun Yen sold 8,155 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was 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 of the company’s stock, valued at $1,165,494.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert H. Heath sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $10.60, for a total value of $31,800.00. Following the sale, the chief financial officer now directly owns 79,437 shares in the company, valued at $842,032.20. The disclosure for this sale can be found here. 6.89% of the stock is owned by 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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