Meeder Asset Management Inc. decreased its stake in RPX Corp (NASDAQ:RPXC) by 30.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,997 shares of the business services provider’s stock after selling 4,006 shares during the quarter. Meeder Asset Management Inc.’s holdings in RPX were worth $121,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake in RPX by 151.4% in the 3rd quarter. Nationwide Fund Advisors now owns 172,449 shares of the business services provider’s stock valued at $2,290,000 after buying an additional 103,859 shares in the last quarter. James Investment Research Inc. acquired a new stake in RPX in the 4th quarter valued at $1,115,000. Boston Partners boosted its stake in RPX by 9.3% in the 4th quarter. Boston Partners now owns 2,121,334 shares of the business services provider’s stock valued at $28,510,000 after buying an additional 180,911 shares in the last quarter. SG Americas Securities LLC acquired a new stake in RPX in the 3rd quarter valued at $172,000. Finally, Peregrine Capital Management LLC boosted its stake in RPX by 0.6% in the 4th quarter. Peregrine Capital Management LLC now owns 954,538 shares of the business services provider’s stock valued at $12,829,000 after buying an additional 5,927 shares in the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.

RPX Corp (NASDAQ:RPXC) opened at $12.62 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.54 and a quick ratio of 2.54. The company has a market capitalization of $653.25, a price-to-earnings ratio of 35.06 and a beta of 1.28. RPX Corp has a one year low of $10.41 and a one year high of $15.15.

Several analysts recently commented on RPXC shares. Barclays reaffirmed a “sell” rating and issued a $14.00 price target on shares of RPX in a research note on Friday, January 5th. BidaskClub lowered RPX from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, Robert W. Baird reissued a “buy” rating and issued a $15.00 price objective on shares of RPX in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.25.

In other RPX news, CFO David James Anderson sold 5,000 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.80, for a total value of $64,000.00. Following the transaction, the chief financial officer now owns 26,981 shares of the company’s stock, valued at $345,356.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.52% of the stock is currently owned by insiders.

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About RPX

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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Institutional Ownership by Quarter for RPX (NASDAQ:RPXC)

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