Bragg Financial Advisors Inc Raises Stake in RPX Corporation (RPXC)

Bragg Financial Advisors Inc Raises Stake in RPX Corporation (RPXC)

Bragg Financial Advisors Inc raised its position in RPX Corporation (NASDAQ:RPXC) by 1.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 177,482 shares of the company’s stock after buying an additional 2,315 shares during the period. Bragg Financial Advisors Inc’s holdings in RPX Corporation were worth $1,897,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can purchased a new position in RPX Corporation during the second quarter valued at approximately $3,247,000. Dimensional Fund Advisors LP raised its position in shares of RPX Corporation by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,100,969 shares of the company’s stock worth $28,435,000 after buying an additional 61,109 shares in the last quarter. Prudential Financial Inc. raised its position in shares of RPX Corporation by 28.0% in the second quarter. Prudential Financial Inc. now owns 316,040 shares of the company’s stock worth $2,898,000 after buying an additional 69,100 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of RPX Corporation by 2.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 176,465 shares of the company’s stock worth $1,619,000 after buying an additional 3,888 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of RPX Corporation by 1,267.9% in the second quarter. Royal Bank of Canada now owns 191,500 shares of the company’s stock worth $1,756,000 after buying an additional 177,500 shares in the last quarter. 86.89% of the stock is currently owned by institutional investors.

RPX Corporation (NASDAQ:RPXC) traded up 1.24% during trading on Friday, hitting $11.47. 47,033 shares of the stock traded hands. The stock has a market cap of $563.77 million, a P/E ratio of 27.37 and a beta of 1.59. RPX Corporation has a 52 week low of $8.60 and a 52 week high of $11.63. The firm’s 50-day moving average is $10.92 and its 200 day moving average is $10.59.

A number of equities analysts recently issued reports on the stock. Cowen and Company lowered shares of RPX Corporation from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Monday. Zacks Investment Research lowered shares of RPX Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th.

In other RPX Corporation news, insider Steven S. Swank sold 4,095 shares of RPX Corporation stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $10.61, for a total transaction of $43,447.95. Following the completion of the transaction, the insider now directly owns 14,212 shares of the company’s stock, valued at $150,789.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert H. Heath sold 4,000 shares of RPX Corporation stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $10.60, for a total value of $42,400.00. Following the transaction, the chief financial officer now directly owns 88,527 shares of the company’s stock, valued at $938,386.20. The disclosure for this sale can be found here. 6.89% of the stock is owned by company insiders.

RPX Corporation Company Profile

RPX Corporation offers patent risk management solutions. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. The core of its solution is defensive patent aggregation, in which the Company acquires patents and licenses to patents that are being or may be asserted against its clients.

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