November 23, 2016 - By Ellis Scott
Robert Heath – a capable insider in Rpx Corp who’s at present the Chief Financial Officer – SVP — made a sale of 4,000 shares of Rpx Corp, with market value of approximately just U.S Dollars 42,397 calculated with average price per share of U.S Dollars 10.6. Robert Heath presently holds 77,243 shares or 0.16% of Rpx Corp’s market cap.
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. On Wednesday, December 16 the stock rating was downgraded by Robert W. Baird to “Neutral”. The company was downgraded on Thursday, August 20 by Barclays Capital. The company was maintained on Friday, November 4 by Cowen & Co.
Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.39, from 0.81 in 2016Q1. The ratio improved, 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.
Fiduciary Mgmt Incorporated Wi, a Wisconsin-based fund reported 3.96 million shares. Boston Partners has 0.02% invested in the company for 1.78 million shares. Acadian Asset Management Limited Liability last reported 1.63M shares in the company. Tower Research Ltd (Trc) owns 3,060 shares or 0% of their US portfolio. Blackrock Fund Advsrs has 0% invested in the company for 1.22M shares. The Virginia-based Thompson Siegel & Walmsley Ltd Company has invested 0.16% in RPX Corp (NASDAQ:RPXC). Schwab Charles Management holds 0% of its portfolio in RPX Corp (NASDAQ:RPXC) for 176,465 shares. Bnp Paribas Arbitrage Sa last reported 3,239 shares in the company. American Century holds 36,349 shares or 0% of its portfolio. Prudential Fin has 316,040 shares for 0% of their US portfolio. Huntington State Bank holds 1,700 shares or 0% of its portfolio. Airain holds 0.01% of its portfolio in RPX Corp (NASDAQ:RPXC) for 17,411 shares. The Illinois-based Citadel Advsrs Lc has invested 0% in RPX Corp (NASDAQ:RPXC). Moreover, Blackrock Advisors Llc has 0.01% invested in RPX Corp (NASDAQ:RPXC) for 652,749 shares. Gotham Asset Management Limited Liability Company last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 5 selling transactions for $281,619 net activity. The insider Yen Mallun sold $50,000. On Saturday, August 20 the insider HEATH ROBERT H sold $31,811. Another trade for 4,095 shares valued at $39,430 was sold by SWANK STEVEN S. Shares for $976,508 were bought by Palter Gilbert Samuel on Thursday, May 26.
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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By Ellis Scott