Thomson Horstmann & Bryant Inc. raised its stake in Zix Co. (NASDAQ:ZIXI) by 10.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,352,797 shares of the software maker’s stock after buying an additional 122,980 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 2.55% of Zix worth $6,506,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WFG Advisors LP boosted its stake in Zix by 3,694.3% in the fourth quarter. WFG Advisors LP now owns 42,117 shares of the software maker’s stock valued at $2,525,000 after buying an additional 41,007 shares during the last quarter. BlackRock Inc. boosted its stake in Zix by 65.1% in the third quarter. BlackRock Inc. now owns 57,191 shares of the software maker’s stock valued at $235,000 after buying an additional 22,560 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Zix by 60.2% in the third quarter. Wells Fargo & Company MN now owns 86,575 shares of the software maker’s stock valued at $355,000 after buying an additional 32,535 shares during the last quarter. SECOR Capital Advisors LP boosted its stake in Zix by 95.8% in the third quarter. SECOR Capital Advisors LP now owns 107,668 shares of the software maker’s stock valued at $441,000 after buying an additional 52,692 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Zix by 907.2% in the third quarter. Acadian Asset Management LLC now owns 108,364 shares of the software maker’s stock valued at $444,000 after buying an additional 97,605 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Institutional Ownership by Quarter for Zix (NASDAQ:ZIXI)

Zix Co. (NASDAQ:ZIXI) traded up 2.751% during midday trading on Friday, reaching $5.415. The company’s stock had a trading volume of 445,492 shares. The company has a market cap of $286.74 million, a PE ratio of 50.139 and a beta of 1.37. Zix Co. has a 12 month low of $3.61 and a 12 month high of $5.42. The stock has a 50-day moving average price of $4.95 and a 200 day moving average price of $4.71.

Zix (NASDAQ:ZIXI) last posted its quarterly earnings results on Thursday, February 9th. The software maker reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Zix had a net margin of 9.70% and a return on equity of 18.95%. The business earned $15.60 million during the quarter, compared to the consensus estimate of $15.57 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Zix Co. will post $0.27 earnings per share for the current fiscal year.

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Separately, Imperial Capital restated an “outperform” rating and set a $6.00 target price (up from $5.50) on shares of Zix in a research note on Monday, February 27th.

About Zix

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.

5 Day Chart for NASDAQ:ZIXI

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