Shares of Zix Co. (NASDAQ:ZIXI) have earned an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $8.50.

ZIXI has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 4th. 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 raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, January 29th.

Institutional investors have recently made changes to their positions in the business. Heritage Investors Management Corp bought a new stake in ZIX during the 1st quarter worth about $125,000. Deutsche Bank AG grew its stake in shares of ZIX by 226.6% during the 4th quarter. Deutsche Bank AG now owns 348,503 shares of the software maker’s stock worth $1,994,000 after acquiring an additional 241,788 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of ZIX by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 651,440 shares of the software maker’s stock worth $3,731,000 after acquiring an additional 38,635 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ZIX by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,417,344 shares of the software maker’s stock valued at $13,851,000 after buying an additional 26,737 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of ZIX by 144.6% in the fourth quarter. Millennium Management LLC now owns 489,609 shares of the software maker’s stock valued at $2,805,000 after buying an additional 289,437 shares in the last quarter. 74.59% of the stock is currently owned by hedge funds and other institutional investors.

ZIXI traded down $0.05 during trading hours on Wednesday, reaching $7.53. 318,044 shares of the stock traded hands, compared to its average volume of 548,767. The firm has a market cap of $406.76 million, a price-to-earnings ratio of 23.53, a PEG ratio of 1.80 and a beta of 1.05. ZIX has a fifty-two week low of $4.61 and a fifty-two week high of $9.07.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings data on Thursday, February 28th. The software maker reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. ZIX had a net margin of 21.89% and a return on equity of 19.47%. The company had revenue of $18.45 million during the quarter, compared to analyst estimates of $18.31 million. Analysts forecast that ZIX will post 0.28 earnings per share for the current year.

ZIX Company 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.

Featured Story: How to use beta for portfolio diversification

Receive News & Ratings for ZIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIX and related companies with MarketBeat.com's FREE daily email newsletter.