Zix Corporation (ZIXI) VP Dave Robertson Sells 10,179 Shares

Zix Corporation (NASDAQ:ZIXI) VP Dave Robertson sold 10,179 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $4.63, for a total transaction of $47,128.77. Following the transaction, the vice president now owns 133,282 shares in the company, valued at approximately $617,095.66. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dave Robertson also recently made the following trade(s):

  • On Friday, November 17th, Dave Robertson sold 39,821 shares of Zix Corporation stock. The shares were sold at an average price of $4.64, for a total transaction of $184,769.44.

Zix Corporation (NASDAQ:ZIXI) traded up $0.07 during midday trading on Wednesday, hitting $4.63. 192,700 shares of the stock traded hands, compared to its average volume of 292,508. Zix Corporation has a 12-month low of $4.32 and a 12-month high of $6.67. The stock has a market cap of $254.22, a price-to-earnings ratio of 30.40, a P/E/G ratio of 2.34 and a beta of 1.33.

Zix Corporation (NASDAQ:ZIXI) last released its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.07 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Zix Corporation had a net margin of 10.49% and a return on equity of 15.64%. The firm had revenue of $16.60 million during the quarter, compared to analyst estimates of $16.83 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts anticipate that Zix Corporation will post 0.13 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZIXI. American International Group Inc. increased its position in shares of Zix Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 32,762 shares of the software maker’s stock valued at $158,000 after purchasing an additional 2,147 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Zix Corporation by 11.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 331,837 shares of the software maker’s stock valued at $1,596,000 after purchasing an additional 35,395 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Zix Corporation by 100.0% during the 1st quarter. California Public Employees Retirement System now owns 353,000 shares of the software maker’s stock valued at $1,721,000 after purchasing an additional 176,500 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Zix Corporation by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,134,718 shares of the software maker’s stock valued at $10,268,000 after purchasing an additional 100,217 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Zix Corporation by 10.9% during the 1st quarter. Geode Capital Management LLC now owns 493,262 shares of the software maker’s stock valued at $2,371,000 after purchasing an additional 48,355 shares during the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Dougherty & Co lowered their target price on shares of Zix Corporation from $7.00 to $5.75 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Zacks Investment Research cut shares of Zix Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut shares of Zix Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

Zix Corporation 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.

Insider Buying and Selling by Quarter for Zix Corporation (NASDAQ:ZIXI)

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