RPX Corp (RPXC) : Paragon Associates Paragon Associates Ii Joint Venture added new position in RPX Corp during the most recent quarter end. The investment management firm now holds 134,700 shares of RPX Corp which is valued at $1,437,249 , the company said in a statement filed on Aug 15, 2016 with the SEC.RPX Corp makes up approximately 1.48% of Paragon Associates Paragon Associates Ii Joint Venture’s portfolio.
Other Hedge Funds, Including , Paloma Partners Management Co sold out all of its stake in RPXC during the most recent quarter. The investment firm sold 26,103 shares of RPXC which is valued $278,519.New York State Common Retirement Fund boosted its stake in RPXC in the latest quarter, The investment management firm added 3,183 additional shares and now holds a total of 84,298 shares of RPX Corp which is valued at $899,460.Blackrock Investment Management boosted its stake in RPXC in the latest quarter, The investment management firm added 10,043 additional shares and now holds a total of 211,317 shares of RPX Corp which is valued at $2,254,752. Alambic Investment Management added RPXC to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $108,400. RPX Corp makes up approx 0.02% of Alambic Investment Management’s portfolio.Boston Partners boosted its stake in RPXC in the latest quarter, The investment management firm added 16,330 additional shares and now holds a total of 1,775,632 shares of RPX Corp which is valued at $19,638,490. RPX Corp makes up approx 0.03% of Boston Partners’s portfolio.
RPX Corp opened for trading at $10.45 and hit $10.51 on the upside on Thursday, eventually ending the session at $10.48, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 3,05,955 shares. Company has a market cap of $519 M.
On the company’s financial health, RPX Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.13. The company had revenue of $83.10 million for the quarter, compared to analysts expectations of $82.23 million. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
RPX Corporation (RPX) helps companies reduce patent-related risk and expense by providing a subscription-based patent risk management solution. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation. The core of its solution is defensive patent aggregation in which it acquires patents and licenses to patents that are being or may be asserted against its and prospective clients. It then licenses these patent assets to its clients to protect them from potential patent infringement assertions. It also provides its clients with access to its patent market intelligence and data. The Company acquires patent assets from multiple parties including operating companies individual inventors non-practicing entities (NPEs) universities and bankruptcy trustees.