ZIX (ZIXI) Hits New 1-Year High at $8.50

Zix Co. (NASDAQ:ZIXI) hit a new 52-week high on Monday . The stock traded as high as $8.50 and last traded at $8.37, with a volume of 26903 shares traded. The stock had previously closed at $8.29.

ZIXI has been the subject of several research reports. Craig Hallum upgraded ZIX from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a report on Wednesday, October 24th. BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a report on Friday, October 26th. Northland Securities initiated coverage on ZIX in a report on Friday, November 16th. They issued an “outperform” rating and a $9.00 target price for the company. Finally, Zacks Investment Research upgraded ZIX from a “hold” rating to a “buy” rating and set a $6.50 target price for the company in a report on Saturday, January 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $7.00.

The company has a market capitalization of $450.39 million, a price-to-earnings ratio of 103.13, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of ZIX by 260.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 188,976 shares of the software maker’s stock worth $1,083,000 after purchasing an additional 136,504 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of ZIX by 63.2% during the 4th quarter. Bessemer Group Inc. now owns 128,600 shares of the software maker’s stock worth $737,000 after purchasing an additional 49,800 shares during the last quarter. GSA Capital Partners LLP increased its position in ZIX by 4.9% during the 4th quarter. GSA Capital Partners LLP now owns 272,222 shares of the software maker’s stock valued at $1,560,000 after buying an additional 12,822 shares in the last quarter. Martingale Asset Management L P increased its position in ZIX by 31.2% during the 4th quarter. Martingale Asset Management L P now owns 252,151 shares of the software maker’s stock valued at $1,445,000 after buying an additional 59,901 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in ZIX by 21.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,039 shares of the software maker’s stock valued at $143,000 after buying an additional 4,499 shares in the last quarter. Hedge funds and other institutional investors own 71.94% of the company’s stock.

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About ZIX (NASDAQ:ZIXI)

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.

Read More: Cost of Capital Explained

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