Zix Co. (ZIXI) Stake Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Zix Co. (NASDAQ:ZIXI) by 260.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 188,976 shares of the software maker’s stock after acquiring an additional 136,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.35% of ZIX worth $1,083,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised 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 valued at $737,000 after buying an additional 49,800 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of 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 during the last quarter. Martingale Asset Management L P raised its stake in shares of 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 during the last quarter. Finally, BlackRock Inc. raised its stake in shares of ZIX by 0.9% during the 4th quarter. BlackRock Inc. now owns 4,130,398 shares of the software maker’s stock valued at $23,668,000 after buying an additional 38,648 shares during the last quarter. 74.47% of the stock is owned by hedge funds and other institutional investors.

Shares of ZIX stock opened at $6.96 on Friday. Zix Co. has a twelve month low of $4.21 and a twelve month high of $9.07. The stock has a market capitalization of $376.46 million, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10.

ZIXI has been the subject of a number of recent research reports. ValuEngine upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research upgraded ZIX from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Saturday, January 19th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $7.83.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2019/03/17/zix-co-zixi-stake-boosted-by-connor-clark-lunn-investment-management-ltd.html.

About ZIX

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.

Featured Story: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for ZIX (NASDAQ:ZIXI)

Receive News & Ratings for ZIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIX and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply