Zix Corp. (NASDAQ:ZIXI)’s share price dropped 2.7% on Friday . The stock traded as low as $4.01 and last traded at $4.01, with a volume of 140,362 shares trading hands. The stock had previously closed at $4.12.

Separately, Zacks Investment Research cut shares of Zix Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.

The company has a 50-day moving average of $3.96 and a 200-day moving average of $4.05. The stock has a market cap of $216.72 million and a PE ratio of 40.94.

Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. During the same period last year, the company posted $0.04 earnings per share. The firm had revenue of $14.30 million for the quarter, compared to the consensus estimate of $14.35 million. The business’s revenue was up 9.2% on a year-over-year basis. Equities analysts forecast that Zix Corp. will post $0.24 earnings per share for the current year.

In related news, Director Richard Spurr sold 66,724 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $3.77, for a total transaction of $251,549.48. Following the transaction, the director now owns 236,524 shares in the company, valued at $891,695.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Several institutional investors recently made changes to their positions in the stock. EAM Investors LLC boosted its position in shares of Zix Corp. by 0.4% in the fourth quarter. EAM Investors LLC now owns 394,918 shares of the company’s stock valued at $2,006,000 after buying an additional 1,556 shares in the last quarter. Morgan Stanley boosted its position in shares of Zix Corp. by 8.3% in the fourth quarter. Morgan Stanley now owns 383,488 shares of the company’s stock valued at $1,948,000 after buying an additional 29,434 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Zix Corp. by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,606,779 shares of the company’s stock valued at $8,162,000 after buying an additional 73,359 shares in the last quarter. Globeflex Capital L P boosted its position in shares of Zix Corp. by 39.4% in the fourth quarter. Globeflex Capital L P now owns 261,500 shares of the company’s stock valued at $1,328,000 after buying an additional 73,900 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Zix Corp. by 43.9% in the fourth quarter. GSA Capital Partners LLP now owns 864,777 shares of the company’s stock valued at $4,393,000 after buying an additional 263,785 shares in the last quarter.

Zix Corporation (ZixCorp) 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 in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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