Globeflex Capital L P raised its stake in shares of Zix Co. (NASDAQ:ZIXI) by 6.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 382,934 shares of the software maker’s stock after buying an additional 23,381 shares during the quarter. Globeflex Capital L P’s holdings in ZIX were worth $2,635,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ZIXI. Quantamental Technologies LLC raised its stake in shares of ZIX by 71.1% in the first quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock valued at $40,000 after buying an additional 2,417 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of ZIX by 21.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,039 shares of the software maker’s stock worth $143,000 after acquiring an additional 4,499 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of ZIX by 9.7% in the 1st quarter. New York State Common Retirement Fund now owns 71,802 shares of the software maker’s stock worth $494,000 after acquiring an additional 6,321 shares in the last quarter. First Trust Advisors LP raised its position in shares of ZIX by 4.1% in the 4th quarter. First Trust Advisors LP now owns 199,778 shares of the software maker’s stock worth $1,145,000 after acquiring an additional 7,924 shares in the last quarter. Finally, Macquarie Group Ltd. raised its position in shares of ZIX by 1,108.8% in the 4th quarter. Macquarie Group Ltd. now owns 9,670 shares of the software maker’s stock worth $55,000 after acquiring an additional 8,870 shares in the last quarter. Institutional investors own 72.27% of the company’s stock.

Shares of NASDAQ:ZIXI traded down $0.10 on Wednesday, reaching $9.47. 2,161 shares of the company’s stock were exchanged, compared to its average volume of 1,650,602. The stock has a market capitalization of $524.37 million, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.11. Zix Co. has a fifty-two week low of $4.66 and a fifty-two week high of $11.15. The company has a debt-to-equity ratio of 3.37, a quick ratio of 0.44 and a current ratio of 0.44.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Thursday, February 28th. The software maker reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.01. ZIX had a net margin of 8.75% and a return on equity of 20.21%. The business had revenue of $18.45 million for the quarter, compared to analysts’ expectations of $18.31 million. Sell-side analysts expect that Zix Co. will post 0.29 EPS for the current fiscal year.

ZIXI has been the topic of several recent research reports. BidaskClub downgraded ZIX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st. Zacks Investment Research raised shares of ZIX from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Saturday, May 11th. Craig Hallum set a $14.00 target price on shares of ZIX and gave the stock a “buy” rating in a report on Friday, May 3rd. Northland Securities reissued a “buy” rating and set a $10.00 target price on shares of ZIX in a report on Friday, May 3rd. Finally, ValuEngine cut shares of ZIX from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $11.75.

COPYRIGHT VIOLATION WARNING: “Globeflex Capital L P Has $2.64 Million Stake in Zix Co. (ZIXI)” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.dailypolitical.com/2019/05/29/globeflex-capital-l-p-has-2-64-million-stake-in-zix-co-zixi.html.

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 invest in blue-chip stocks

Want to see what other hedge funds are holding ZIXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zix Co. (NASDAQ:ZIXI).

Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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.