BidaskClub lowered shares of RPX Corporation (NASDAQ:RPXC) from a buy rating to a hold rating in a research report report published on Thursday, July 6th.

A number of other analysts have also commented on the company. Barclays PLC lifted their price target on RPX Corporation from $11.00 to $12.00 and gave the stock an underweight rating in a report on Thursday, May 25th. Cowen and Company boosted their target price on RPX Corporation from $11.00 to $14.00 and gave the company a market perform rating in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded RPX Corporation from a sell rating to a hold rating in a research note on Wednesday, April 19th. Finally, TheStreet upgraded RPX Corporation from a c rating to a b- rating in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $13.00.

Shares of RPX Corporation (NASDAQ RPXC) traded up 0.07% on Thursday, hitting $13.87. 161,439 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $13.66 and its 200 day moving average price is $12.18. RPX Corporation has a 1-year low of $8.98 and a 1-year high of $15.15. The company has a market cap of $675.15 million, a price-to-earnings ratio of 34.67 and a beta of 1.39.

RPX Corporation (NASDAQ:RPXC) last released its earnings results on Tuesday, May 2nd. The business services provider reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. RPX Corporation had a return on equity of 5.16% and a net margin of 5.95%. The business had revenue of $82.51 million during the quarter, compared to analysts’ expectations of $81.25 million. On average, equities research analysts expect that RPX Corporation will post $0.72 earnings per share for the current year.

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In related news, CEO Trevor Campion sold 39,256 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $13.79, for a total value of $541,340.24. Following the sale, the chief executive officer now owns 25,571 shares in the company, valued at approximately $352,624.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Steven S. Swank sold 2,340 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $14.00, for a total value of $32,760.00. Following the sale, the executive now owns 1,857 shares in the company, valued at $25,998. The disclosure for this sale can be found here. In the last three months, insiders sold 61,736 shares of company stock valued at $852,341. 3.52% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its stake in shares of RPX Corporation by 1.1% in the first quarter. Parametric Portfolio Associates LLC now owns 206,998 shares of the business services provider’s stock valued at $2,484,000 after buying an additional 2,322 shares in the last quarter. TFS Capital LLC purchased a new position in RPX Corporation during the first quarter worth about $375,000. Karp Capital Management Corp purchased a new position in RPX Corporation during the first quarter worth about $437,000. UBS Asset Management Americas Inc. purchased a new position in RPX Corporation during the first quarter worth about $211,000. Finally, Bank of New York Mellon Corp increased its position in RPX Corporation by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 252,579 shares of the business services provider’s stock worth $3,030,000 after buying an additional 11,617 shares during the period. Institutional investors and hedge funds own 88.44% of the company’s stock.

About RPX Corporation

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.

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