Vanguard Group Inc. raised its position in shares of RPX Corporation (NASDAQ:RPXC) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,823,451 shares of the business services provider’s stock after buying an additional 167,421 shares during the period. Vanguard Group Inc. owned about 0.08% of RPX Corporation worth $45,881,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. TIAA CREF Investment Management LLC boosted its position in RPX Corporation by 6.5% in the first quarter. TIAA CREF Investment Management LLC now owns 431,061 shares of the business services provider’s stock worth $5,173,000 after buying an additional 26,293 shares during the last quarter. Wells Fargo & Company MN boosted its position in RPX Corporation by 1.5% in the first quarter. Wells Fargo & Company MN now owns 391,984 shares of the business services provider’s stock worth $4,704,000 after buying an additional 5,784 shares during the last quarter. Oxford Asset Management boosted its position in RPX Corporation by 24.2% in the first quarter. Oxford Asset Management now owns 344,911 shares of the business services provider’s stock worth $4,139,000 after buying an additional 67,096 shares during the last quarter. Bank of New York Mellon Corp boosted its position in RPX Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 252,579 shares of the business services provider’s stock worth $3,030,000 after buying an additional 11,617 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in RPX Corporation by 20.4% in the first quarter. Spark Investment Management LLC now owns 213,000 shares of the business services provider’s stock worth $2,556,000 after buying an additional 36,100 shares during the last quarter. 90.38% of the stock is owned by hedge funds and other institutional investors.

Shares of RPX Corporation (NASDAQ RPXC) traded up 0.16% during mid-day trading on Friday, hitting $12.36. The stock had a trading volume of 264,085 shares. The company has a market cap of $611.82 million, a P/E ratio of 30.82 and a beta of 1.39. RPX Corporation has a 1-year low of $8.99 and a 1-year high of $15.15. The firm’s 50 day moving average price is $13.61 and its 200 day moving average price is $12.72.

RPX Corporation (NASDAQ:RPXC) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. RPX Corporation had a net margin of 6.01% and a return on equity of 5.51%. The business had revenue of $80.40 million for the quarter, compared to analysts’ expectations of $81.27 million. During the same quarter last year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts predict that RPX Corporation will post $0.72 earnings per share for the current fiscal year.

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RPXC has been the subject of a number of research analyst reports. Barclays PLC reissued a “sell” rating and issued a $11.00 target price on shares of RPX Corporation in a research note on Friday, May 5th. Zacks Investment Research raised RPX Corporation from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday. BidaskClub cut RPX Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday. TheStreet raised RPX Corporation from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Finally, Cowen and Company boosted their target price on RPX Corporation from $11.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.50.

In other RPX Corporation news, CRO Steven S. Swank sold 2,340 shares of RPX Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $14.00, for a total transaction of $32,760.00. Following the transaction, the executive now owns 1,857 shares of the company’s stock, valued at approximately $25,998. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Trevor Campion sold 10,000 shares of RPX Corporation stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $14.04, for a total transaction of $140,400.00. Following the transaction, the chief executive officer now directly owns 5,571 shares in the company, valued at approximately $78,216.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,156 shares of company stock worth $865,322. Insiders own 3.52% of the company’s stock.

RPX Corporation Company Profile

RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.

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Institutional Ownership by Quarter for RPX Corporation (NASDAQ:RPXC)

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