Heritage Investors Management Corp acquired a new stake in Zix Co. (NASDAQ:ZIXI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,175 shares of the software maker’s stock, valued at approximately $125,000.

Other hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of ZIX by 1,108.8% in the 4th quarter. Macquarie Group Ltd. now owns 9,670 shares of the software maker’s stock valued at $55,000 after buying an additional 8,870 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in ZIX by 343.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,543 shares of the software maker’s stock worth $106,000 after acquiring an additional 14,362 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in ZIX during the third quarter worth approximately $113,000. Sawgrass Asset Management LLC acquired a new stake in ZIX during the fourth quarter worth approximately $205,000. Finally, Ibex Investors LLC lifted its position in ZIX by 71.1% during the fourth quarter. Ibex Investors LLC now owns 37,404 shares of the software maker’s stock worth $214,000 after acquiring an additional 15,538 shares during the last quarter. Institutional investors own 74.59% of the company’s stock.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of ZIX from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research downgraded shares of ZIX from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, BidaskClub upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. ZIX currently has a consensus rating of “Buy” and a consensus target price of $7.83.

Shares of ZIXI opened at $7.34 on Thursday. Zix Co. has a 12 month low of $4.51 and a 12 month high of $9.07. The company has a market cap of $392.15 million, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings data on Thursday, February 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $18.45 million for the quarter, compared to analysts’ expectations of $18.31 million. ZIX had a net margin of 21.89% and a return on equity of 19.47%. On average, research analysts predict that Zix Co. will post 0.28 EPS for the current fiscal year.

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ZIX Profile

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.

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Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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