GSA Capital Partners LLP decreased its position in Zix Co. (NASDAQ:ZIXI) by 9.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 259,400 shares of the software maker’s stock after selling 26,600 shares during the period. GSA Capital Partners LLP owned about 0.48% of ZIX worth $1,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ZIXI. Legal & General Group Plc boosted its stake in ZIX by 29.7% in the 2nd quarter. Legal & General Group Plc now owns 1,586,889 shares of the software maker’s stock worth $8,554,000 after purchasing an additional 363,840 shares during the period. Wedge Capital Management L L P NC acquired a new position in ZIX in the 3rd quarter worth approximately $1,543,000. Cadence Capital Management LLC boosted its stake in ZIX by 44.5% in the 3rd quarter. Cadence Capital Management LLC now owns 669,832 shares of the software maker’s stock worth $3,718,000 after purchasing an additional 206,249 shares during the period. Martingale Asset Management L P acquired a new position in ZIX in the 3rd quarter worth approximately $1,067,000. Finally, First Trust Advisors LP acquired a new position in ZIX in the 3rd quarter worth approximately $1,065,000. 71.33% of the stock is owned by hedge funds and other institutional investors.

ZIXI stock opened at $6.24 on Friday. Zix Co. has a 12-month low of $3.82 and a 12-month high of $7.09. The company has a market capitalization of $339.28 million, a price-to-earnings ratio of 78.00, a P/E/G ratio of 1.55 and a beta of 0.62.

ZIX (NASDAQ:ZIXI) last released its earnings results on Tuesday, October 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. ZIX had a negative net margin of 9.72% and a positive return on equity of 12.33%. The company had revenue of $17.90 million during the quarter, compared to the consensus estimate of $17.73 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts expect that Zix Co. will post 0.27 earnings per share for the current year.

ZIXI has been the subject of a number of recent analyst reports. Craig Hallum raised shares of ZIX from a “hold” rating to a “buy” rating and set a $8.00 price objective for the company in a research note on Wednesday, October 24th. BidaskClub lowered shares of ZIX from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 26th. Northland Securities assumed coverage on shares of ZIX in a research report on Friday, November 16th. They issued an “outperform” rating and a $9.00 target price for the company. Finally, TheStreet upgraded shares of ZIX from a “c+” rating to a “b-” rating in a research report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ZIX has an average rating of “Buy” and an average price target of $7.17.

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ZIX Company Profile

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

Read More: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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