The RPX Corp (RPXC) Stake Held by Teachers Advisors LLC

The RPX Corp (RPXC) Stake Held by Teachers Advisors LLC

A number of other hedge funds and other institutional investors also recently modified their holdings of RPXC. Norges Bank bought a new position in shares of RPX Corp during the fourth quarter worth about $826,000. Tudor Investment Corp Et Al boosted its position in shares of RPX Corp by 36.0% in the fourth quarter. Tudor Investment Corp Et Al now owns 80,142 shares of the business services provider’s stock worth $866,000 after buying an additional 21,225 shares during the period. Bragg Financial Advisors Inc boosted its position in shares of RPX Corp by 1.3% in the third quarter. Bragg Financial Advisors Inc now owns 177,482 shares of the business services provider’s stock worth $1,897,000 after buying an additional 2,315 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of RPX Corp during the fourth quarter worth $1,981,000. Finally, Mangrove Partners boosted its position in shares of RPX Corp by 1.7% in the third quarter. Mangrove Partners now owns 3,592,314 shares of the business services provider’s stock worth $38,402,000 after buying an additional 61,152 shares during the period. 87.02% of the stock is owned by institutional investors.

Teachers Advisors LLC continued to hold its position in shares of RPX Corp (NASDAQ:RPXC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,302 shares of the business services provider’s stock at the end of the fourth quarter. Teachers Advisors LLC owned about 0.20% of RPX Corp worth $1,029,000 at the end of the most recent reporting period.

RPX Corp (RPXC) opened at 13.21 on Monday. RPX Corp has a 52 week low of $8.60 and a 52 week high of $15.15. The stock’s 50 day moving average is $13.34 and its 200-day moving average is $11.77. The stock has a market capitalization of $643.02 million, a PE ratio of 33.02 and a beta of 1.59.

A number of brokerages have recently weighed in on RPXC. Robert W. Baird raised shares of RPX Corp from a “neutral” rating to an “outperform” rating and set a $14.00 price objective for the company in a research note on Friday, February 17th. Cowen and Company raised their price objective on shares of RPX Corp from $11.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 3rd. Zacks Investment Research raised shares of RPX Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. TheStreet raised shares of RPX Corp from a “c” rating to a “b-” rating in a research note on Tuesday, May 2nd. Finally, Barclays PLC reissued a “sell” rating and set a $11.00 price objective on shares of RPX Corp in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.00. In other news, CRO Steven S. Swank sold 4,679 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $14.00, for a total transaction of $65,506.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Trevor Campion sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $14.04, for a total transaction of $140,400.00. Following the sale, the chief executive officer now owns 5,571 shares in the company, valued at approximately $78,216.84. The disclosure for this sale can be found here. Insiders sold a total of 69,396 shares of company stock worth $939,581 over the last quarter. Insiders own 6.89% of the company’s stock.

RPX Corp Company Profile RPX Corporation is engaged in providing an alternative to litigation through its patent risk management services. The Company helps companies reduce patent litigation risk and corporate legal expense through two primary service offerings: patent risk management services and discovery services. It operates through two segments: patent risk management and discovery services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:RPXC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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