November 23, 2016 - By olga
An insider of the company Rpx Corp, Steven Swank also its Senior Vice President, disclosed his trade activities with the Washington-based Security and Exchange Commission on 22-11-2016. As revealed in the document, Steven had sold 4,095 shares of the public firm. The total sale was worth $43,453 U.S Dollars. At the time of the sale the price of a share was $10.6. In the last month, he also unloaded 4,095 shares worth $39,430 USD. Steven Swank now has ownership of 6,240 shares of Rpx Corp.
Out of 3 analysts covering RPX Corporation (NASDAQ:RPXC), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $17 is the highest target while $10 is the lowest. The $12 average target is 12.99% above today’s ($10.62) stock price. RPX Corporation has been the topic of 5 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Barclays Capital downgraded it to “Underweight” rating and $15 target price in Thursday, August 20 report. The stock of RPX Corp (NASDAQ:RPXC) has “Outperform” rating given on Friday, November 4 by Cowen & Co. The firm earned “Neutral” rating on Wednesday, December 16 by Robert W. Baird.
Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.39, from 0.81 in 2016Q1. The ratio is positive, as 21 funds sold all RPX Corp shares owned while 51 reduced positions. 20 funds bought stakes while 38 increased positions. They now own 43.00 million shares or 6.22% less from 45.85 million shares in 2016Q1.
Robeco Institutional Asset Bv accumulated 422,499 shares or 0.03% of the stock. State Board Of Administration Of Florida Retirement accumulated 0% or 17,712 shares. Nationwide Fund holds 36,976 shares or 0% of its portfolio. State Common Retirement Fund has 84,298 shares for 0% of their US portfolio. American Century Cos last reported 36,349 shares in the company. Millennium Mgmt Ltd Llc holds 0% or 53,170 shares in its portfolio. The California-based Blackrock Fund Advisors has invested 0% in RPX Corp (NASDAQ:RPXC). Matarin Management Ltd Limited Liability Company has invested 0% of its portfolio in RPX Corp (NASDAQ:RPXC). Quantbot Tech Limited Partnership has 0% invested in the company for 2,567 shares. National Bank Of America Corporation De has 0% invested in the company for 156,949 shares. Qs Invsts Ltd Liability Co has 48 shares for 0% of their US portfolio. The Texas-based Petrus Trust Lta has invested 0.03% in RPX Corp (NASDAQ:RPXC). Independent Port Consultants Inc holds 1,915 shares or 0.01% of its portfolio. Hays Advisory Ltd has invested 0.66% of its portfolio in RPX Corp (NASDAQ:RPXC). Deutsche Natl Bank Ag last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider buys, and 5 selling transactions for $281,619 net activity. Shares for $976,508 were bought by Palter Gilbert Samuel. SWANK STEVEN S also sold $47,531 worth of RPX Corp (NASDAQ:RPXC) shares. Yen Mallun sold $86,692 worth of stock. Another trade for 3,000 shares valued at $31,811 was sold by HEATH ROBERT H.
The stock increased 0.09% or $0.01 during the last trading session, hitting $10.62. About 286,164 shares traded hands or 53.51% up from the average. RPX Corp (NASDAQ:RPXC) has declined 2.12% since April 21, 2016 and is downtrending. It has underperformed by 7.45% the S&P500.
RPX Corporation offers patent risk management solutions. The company has a market cap of $521.02 million. The Company’s patent risk management solution facilitates exchanges of value between owners and users of patents. It has a 25.11 P/E ratio. 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.
According to Zacks Investment Research, “RPX Corporation is a provider of patent risk solutions, offering defensive buying, acquisition syndication, patent intelligence and advisory services. The Company provides a subscription-based patent risk management solution where by acquiring patents it mitigates and manages patent risk. It also provides to its clients access to its proprietary patent market intelligence and data. Its clientele compromise companies that design, make or sell technology-based products and services as well as companies that use technology in their businesses. RPX Corporation is based in San Francisco, California.”
More notable recent RPX Corp (NASDAQ:RPXC) news were published by: Streetinsider.com which released: “Form 4 RPX Corp For: Nov 20 Filed by: Yen Mallun” on November 23, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on May 07, 2011, Quotes.Wsj.com published: “News RPX Corp.RPXC” on April 29, 2011. More interesting news about RPX Corp (NASDAQ:RPXC) were released by: Wsj.com and their article: “Rockstar Consortium to Sell 4000 Patents to RPX Corp. for $900 Million” published on December 23, 2014 as well as Fool.com‘s news article titled: “RPX Corporation’s Profits Fall Yet Again” with publication date: August 03, 2016.
RPX Corporation, incorporated on July 15, 2008, 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. The Firm then licenses these patent assets to its clients to protect them from patent infringement assertions. The Firm also provides its clients with access to its patent market intelligence and data.
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