Russell Investments Group Ltd. bought a new position in shares of RPX Corp (NASDAQ:RPXC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 182,643 shares of the business services provider’s stock, valued at approximately $1,981,000. Russell Investments Group Ltd. owned approximately 0.37% of RPX Corp at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hancock Holding Co. increased its position in RPX Corp by 13.8% in the third quarter. Hancock Holding Co. now owns 12,516 shares of the business services provider’s stock valued at $134,000 after buying an additional 1,514 shares during the period. Sei Investments Co. increased its position in shares of RPX Corp by 0.3% in the third quarter. Sei Investments Co. now owns 19,580 shares of the business services provider’s stock valued at $210,000 after buying an additional 53 shares during the last quarter. Princeton Alpha Management LP increased its position in shares of RPX Corp by 68.2% in the third quarter. Princeton Alpha Management LP now owns 40,005 shares of the business services provider’s stock valued at $428,000 after buying an additional 16,224 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of RPX Corp during the third quarter valued at approximately $430,000. Finally, PNC Financial Services Group Inc. increased its position in shares of RPX Corp by 8.8% in the third quarter. PNC Financial Services Group Inc. now owns 45,081 shares of the business services provider’s stock valued at $482,000 after buying an additional 3,632 shares during the last quarter. 87.02% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for RPX Corp (NASDAQ:RPXC)

Shares of RPX Corp (NASDAQ:RPXC) traded down 0.24% during trading on Friday, reaching $12.57. 115,878 shares of the company were exchanged. The company has a market capitalization of $609.97 million, a price-to-earnings ratio of 34.92 and a beta of 1.59. RPX Corp has a 1-year low of $8.60 and a 1-year high of $12.75. The stock’s 50 day moving average is $12.08 and its 200 day moving average is $11.05.

RPX Corp (NASDAQ:RPXC) last issued its quarterly earnings results on Tuesday, February 14th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.05. The business had revenue of $81.80 million for the quarter, compared to analysts’ expectations of $83.58 million. RPX Corp had a return on equity of 5.47% and a net margin of 6.80%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Equities analysts anticipate that RPX Corp will post $0.73 earnings per share for the current year.

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Several analysts have recently weighed in on RPXC shares. Cowen and Company cut shares of RPX Corp from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research report on Monday, February 6th. Robert W. Baird upgraded shares of RPX Corp from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Friday, February 17th. Finally, Zacks Investment Research cut shares of RPX Corp from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th.

In related news, insider Mallun Yen sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $12.00, for a total transaction of $120,000.00. Following the sale, the insider now directly owns 117,422 shares in the company, valued at $1,409,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Steven S. Swank sold 4,127 shares of the company’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $11.38, for a total transaction of $46,965.26. Following the sale, the senior vice president now owns 16,554 shares in the company, valued at $188,384.52. The disclosure for this sale can be found here. 6.89% of the stock is currently owned by corporate insiders.

About RPX Corp

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.

5 Day Chart for NASDAQ:RPXC

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