Algert Global Lowers stake in Zix Corporation (ZIXI)

Zix Corporation (ZIXI) : Algert Global reduced its stake in Zix Corporation by 13.47% during the most recent quarter end. The investment management company now holds a total of 505,944 shares of Zix Corporation which is valued at $2,033,895 after selling 78,757 shares in Zix Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Zix Corporation makes up approximately 0.60% of Algert Global’s portfolio.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in ZIXI during the most recent quarter. The investment firm sold 204 shares of ZIXI which is valued $826.Bnp Paribas Arbitrage Sa boosted its stake in ZIXI in the latest quarter, The investment management firm added 1,867 additional shares and now holds a total of 3,934 shares of Zix Corporation which is valued at $15,815.

Zix Corporation closed down -0.05 points or -1.23% at $4.02 with 91,561 shares getting traded on Tuesday. Post opening the session at $4.07, the shares hit an intraday low of $3.97 and an intraday high of $4.119 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Zix Corporation reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.05. The company had revenue of $14.30 million for the quarter, compared to analysts expectations of $14.34 million. The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Zix Corporation (ZixCorp) offers email encryption data loss prevention and Bring-Your-Own-Device (BYOD) security to meet business data protection and compliance needs. The Company’s products include Zix Email Encryption; ZixDirectory; ZixGateway; ZixDLP and ZixOne. ZixCorp’s business operations and service offerings are supported by the ZixData Center. It serves organizations in the healthcare financial services insurance and government sectors including federal financial regulators such as the Federal Financial Institutions Examination Council (FFIEC) divisions of the United States Treasury the United States Securities and Exchange Commission (SEC) one of four United States banks over 30 Blue Cross Blue Shield organizations and one in every five United States hospitals.

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