Menta Capital LLC boosted its stake in shares of Zix Co. (NASDAQ:ZIXI) by 14.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 331,982 shares of the software maker’s stock after buying an additional 41,119 shares during the period. Menta Capital LLC’s holdings in Zix were worth $1,597,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ZIXI. Thomson Horstmann & Bryant Inc. raised its position in Zix by 10.0% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 1,352,797 shares of the software maker’s stock valued at $6,506,000 after buying an additional 122,980 shares during the last quarter. JPMorgan Chase & Co. raised its position in Zix by 54.2% in the first quarter. JPMorgan Chase & Co. now owns 618,136 shares of the software maker’s stock valued at $2,973,000 after buying an additional 217,199 shares during the last quarter. Algert Global LLC raised its position in Zix by 17.1% in the first quarter. Algert Global LLC now owns 612,389 shares of the software maker’s stock valued at $2,946,000 after buying an additional 89,447 shares during the last quarter. Oxford Asset Management raised its position in Zix by 18.3% in the first quarter. Oxford Asset Management now owns 443,473 shares of the software maker’s stock valued at $2,133,000 after buying an additional 68,702 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Zix by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 424,508 shares of the software maker’s stock valued at $2,041,000 after buying an additional 17,763 shares during the last quarter. Institutional investors own 65.44% of the company’s stock.
Shares of Zix Co. (NASDAQ ZIXI) traded down 0.68% during trading on Thursday, hitting $5.88. 210,202 shares of the stock traded hands. The firm has a market cap of $313.16 million, a PE ratio of 53.45 and a beta of 1.37. Zix Co. has a 52-week low of $3.61 and a 52-week high of $6.67. The company’s 50 day moving average is $5.79 and its 200 day moving average is $5.12.
Zix (NASDAQ:ZIXI) last issued its quarterly earnings results on Tuesday, April 25th. The software maker reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.03. Zix had a return on equity of 14.19% and a net margin of 11.17%. The firm had revenue of $15.89 million for the quarter, compared to analysts’ expectations of $15.70 million. During the same quarter last year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that Zix Co. will post $0.28 EPS for the current year.
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Separately, Imperial Capital reiterated an “outperform” rating and issued a $6.00 target price on shares of Zix in a report on Thursday, March 16th.
In related news, VP Dave Robertson sold 93,750 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $5.53, for a total value of $518,437.50. Following the completion of the sale, the vice president now directly owns 258,282 shares in the company, valued at $1,428,299.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard Spurr sold 5,126 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $5.95, for a total transaction of $30,499.70. Following the completion of the sale, the director now owns 26,404 shares of the company’s stock, valued at $157,103.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,466 shares of company stock valued at $3,018,696. 4.50% of the stock is owned by insiders.
Zix 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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