GSA Capital Partners LLP reduced its holdings in shares of Zix Co. (NASDAQ:ZIXI) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,000 shares of the software maker’s stock after selling 34,435 shares during the quarter. GSA Capital Partners LLP owned 0.53% of ZIX worth $1,542,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Legal & General Group Plc grew its stake in ZIX by 8,881.1% during the first quarter. Legal & General Group Plc now owns 1,223,049 shares of the software maker’s stock worth $5,223,000 after purchasing an additional 1,209,431 shares during the period. Archon Capital Management LLC bought a new position in ZIX in the first quarter worth approximately $3,575,000. Matarin Capital Management LLC bought a new position in ZIX in the first quarter worth approximately $961,000. Mackay Shields LLC bought a new position in ZIX in the first quarter worth approximately $753,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in ZIX by 53.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 465,557 shares of the software maker’s stock worth $1,988,000 after acquiring an additional 162,524 shares in the last quarter. Institutional investors and hedge funds own 69.10% of the company’s stock.

A number of research firms have recently weighed in on ZIXI. BidaskClub lowered ZIX from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 5th. ValuEngine raised ZIX from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $5.17.

In other news, Director Robert C. Hausmann sold 52,927 shares of ZIX stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $5.66, for a total value of $299,566.82. Following the completion of the transaction, the director now directly owns 71,285 shares in the company, valued at $403,473.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

NASDAQ:ZIXI traded up $0.04 during trading hours on Friday, reaching $5.88. The stock had a trading volume of 214,595 shares, compared to its average volume of 110,294. The company has a market capitalization of $309.82 million, a P/E ratio of 71.50, a P/E/G ratio of 2.01 and a beta of 1.02. Zix Co. has a 12-month low of $3.82 and a 12-month high of $5.93.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings results on Tuesday, July 31st. The software maker reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $17.50 million during the quarter. ZIX had a positive return on equity of 10.74% and a negative net margin of 10.72%. analysts forecast that Zix Co. will post 0.19 EPS for the current year.

ZIX Company Profile

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

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Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

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