Quantamental Technologies LLC Has $40,000 Holdings in Zix Co. (ZIXI)

Quantamental Technologies LLC Has $40,000 Holdings in Zix Co. (ZIXI)

Quantamental Technologies LLC boosted its holdings in shares of Zix Co. (NASDAQ:ZIXI) by 71.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,817 shares of the software maker’s stock after buying an additional 2,417 shares during the period. Quantamental Technologies LLC’s holdings in ZIX were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ZIXI. SG Americas Securities LLC acquired a new stake in shares of ZIX during the first quarter worth approximately $143,000. Bank of Montreal Can increased its holdings in shares of ZIX by 2,185.1% during the first quarter. Bank of Montreal Can now owns 16,453 shares of the software maker’s stock worth $113,000 after buying an additional 15,733 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of ZIX by 586.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,216,389 shares of the software maker’s stock worth $8,369,000 after buying an additional 1,039,110 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of ZIX by 63,870.6% during the first quarter. BNP Paribas Arbitrage SA now owns 10,875 shares of the software maker’s stock worth $75,000 after buying an additional 10,858 shares in the last quarter. Finally, Trellus Management Company LLC acquired a new stake in shares of ZIX during the first quarter worth approximately $138,000. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ZIX stock opened at $9.54 on Thursday. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $534.95 million, a P/E ratio of 29.81, a P/E/G ratio of 2.25 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.

ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, February 28th. The software maker reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $18.45 million during the quarter, compared to analyst estimates of $18.31 million. ZIX had a net margin of 8.75% and a return on equity of 20.21%. Equities analysts predict that Zix Co. will post 0.29 earnings per share for the current fiscal year.

Several research firms have recently weighed in on ZIXI. Zacks Investment Research raised shares of ZIX from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Saturday, May 11th. Craig Hallum set a $14.00 price objective on shares of ZIX and gave the stock a “buy” rating in a report on Friday, May 3rd. Northland Securities reaffirmed a “buy” rating and set a $10.00 price objective on shares of ZIX in a report on Friday, May 3rd. ValuEngine raised shares of ZIX from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 4th. Finally, BidaskClub lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 24th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.00.

ZIX 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.

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