Alambic Investment Management L.P. grew its holdings in RPX Co. (NASDAQ:RPXC) by 284.4% in the first quarter, Holdings Channel reports. The institutional investor owned 336,488 shares of the business services provider’s stock after buying an additional 248,948 shares during the quarter. Alambic Investment Management L.P.’s holdings in RPX were worth $3,597,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. AMP Capital Investors Ltd acquired a new stake in shares of RPX in the fourth quarter valued at about $144,000. Martingale Asset Management L P acquired a new stake in RPX during the fourth quarter worth about $169,000. Capital Fund Management S.A. acquired a new stake in RPX during the fourth quarter worth about $171,000. Teacher Retirement System of Texas acquired a new stake in RPX during the fourth quarter worth about $207,000. Finally, Wedge Capital Management L L P NC acquired a new stake in RPX during the first quarter worth about $178,000. Institutional investors and hedge funds own 84.81% of the company’s stock.

In other RPX news, CFO David James Anderson sold 5,000 shares of RPX stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $12.94, for a total transaction of $64,700.00. Following the completion of the sale, the chief financial officer now directly owns 11,634 shares in the company, valued at $150,543.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.52% of the stock is owned by company insiders.

Several equities research analysts recently issued reports on RPXC shares. TheStreet cut shares of RPX from a “b-” rating to a “c-” rating in a research report on Thursday, February 22nd. BidaskClub upgraded shares of RPX from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Finally, ValuEngine cut shares of RPX from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.33.

RPX opened at $10.44 on Thursday, MarketBeat Ratings reports. RPX Co. has a 12-month low of $10.42 and a 12-month high of $10.54. The stock has a market cap of $520.31 million, a P/E ratio of 22.65 and a beta of 1.34.

RPX (NASDAQ:RPXC) last released its quarterly earnings data on Tuesday, May 1st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.07). RPX had a positive return on equity of 5.04% and a negative net margin of 27.00%. The firm had revenue of $67.10 million for the quarter, compared to analyst estimates of $73.50 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. RPX’s revenue for the quarter was down 11.0% on a year-over-year basis.

RPX Company Profile

RPX Corporation provides patent risk management and discovery services in the United States, Japan, South Korea, and internationally. It offers a subscription-based patent risk management service that facilitates exchanges of value between owners and users of patents. The company also provides a defensive patent aggregation in which it acquires patent assets to offer clients with sub-licenses; and underwrites patent infringement liability insurance policies to insure against certain costs of litigation.

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Institutional Ownership by Quarter for RPX (NASDAQ:RPXC)

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