Citigroup Inc. trimmed its position in shares of Zix Co. (NASDAQ:ZIXI) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,428 shares of the software maker’s stock after selling 2,673 shares during the quarter. Citigroup Inc.’s holdings in ZIX were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZIXI. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ZIX by 21.9% in the fourth 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 during the period. First Trust Advisors LP lifted its holdings in ZIX by 4.1% in the fourth quarter. First Trust Advisors LP now owns 199,778 shares of the software maker’s stock valued at $1,145,000 after acquiring an additional 7,924 shares during the period. MetLife Investment Advisors LLC lifted its holdings in ZIX by 51.7% in the third quarter. MetLife Investment Advisors LLC now owns 39,502 shares of the software maker’s stock valued at $219,000 after acquiring an additional 13,462 shares during the period. Panagora Asset Management Inc. boosted its position in ZIX by 13.3% in the third quarter. Panagora Asset Management Inc. now owns 119,366 shares of the software maker’s stock worth $662,000 after purchasing an additional 13,993 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in ZIX by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 826,448 shares of the software maker’s stock worth $4,586,000 after purchasing an additional 19,405 shares during the last quarter. 74.59% of the stock is currently owned by hedge funds and other institutional investors.
ZIXI has been the subject of several research reports. ValuEngine lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research raised shares of ZIX from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Saturday, December 15th. Finally, BidaskClub raised shares of ZIX from a “hold” rating to a “buy” rating in a report on Thursday, January 10th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. ZIX currently has a consensus rating of “Buy” and an average target price of $7.83.
Shares of ZIXI stock opened at $6.85 on Friday. Zix Co. has a 1 year low of $4.42 and a 1 year high of $9.07. The firm has a market cap of $368.35 million, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.05.
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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.
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