Etf Managers Group, LLC

revealed that they own 4.9% of Zix Corporation (NASDAQ:ZIXI) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, September 12th. The investor owns 2,724,679 shares of the stock valued at approximately $13,923,110. The filing is available through EDGAR at this link.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Equity Partners LLC acquired a new stake in Zix Corporation during the 1st quarter worth approximately $112,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Zix Corporation during the 1st quarter worth approximately $126,000. KCG Holdings Inc. acquired a new stake in Zix Corporation during the 1st quarter worth approximately $129,000. Engineers Gate Manager LP lifted its holdings in Zix Corporation by 24.8% during the 1st quarter. Engineers Gate Manager LP now owns 27,795 shares of the software maker’s stock worth $134,000 after purchasing an additional 5,528 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Zix Corporation during the 1st quarter worth approximately $145,000. Institutional investors own 68.19% of the company’s stock.

Several research firms recently weighed in on ZIXI. BidaskClub cut Zix Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research cut Zix Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Imperial Capital cut Zix Corporation from an “outperform” rating to an “in-line” rating and set a $6.50 price target for the company. in a report on Tuesday, June 13th. Finally, Dougherty & Co reissued a “buy” rating and set a $7.00 price target (up from $5.50) on shares of Zix Corporation in a report on Saturday, July 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $6.08.

Zix Corporation (ZIXI) traded down 1.17% during mid-day trading on Tuesday, reaching $5.05. The company had a trading volume of 33,407 shares. Zix Corporation has a one year low of $3.91 and a one year high of $6.67. The company’s 50-day moving average is $5.26 and its 200-day moving average is $5.41. The stock has a market capitalization of $273.25 million, a PE ratio of 42.08 and a beta of 1.36.

Zix Corporation (NASDAQ:ZIXI) last posted its quarterly earnings results on Tuesday, August 1st. The software maker reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Zix Corporation had a return on equity of 16.24% and a net margin of 10.48%. The company had revenue of $16.38 million during the quarter, compared to the consensus estimate of $16.34 million. During the same period in the previous year, the business earned $0.06 earnings per share. Zix Corporation’s revenue was up 9.7% on a year-over-year basis. Equities research analysts anticipate that Zix Corporation will post $0.28 earnings per share for the current year.

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Zix Corporation 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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Institutional Ownership by Quarter for Zix Corporation (NASDAQ:ZIXI)

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