Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Ixia (NASDAQ:XXIA) by 146.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,600 shares of the company’s stock after buying an additional 19,370 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ixia were worth $320,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of Ixia by 6.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,263,830 shares of the company’s stock worth $28,207,000 after buying an additional 135,542 shares during the period. HBK Investments L P raised its position in shares of Ixia by 14.9% in the first quarter. HBK Investments L P now owns 49,400 shares of the company’s stock worth $616,000 after buying an additional 6,400 shares during the period. Royce & Associates LP raised its position in shares of Ixia by 224.6% in the first quarter. Royce & Associates LP now owns 166,200 shares of the company’s stock worth $2,071,000 after buying an additional 115,000 shares during the period. Bayesian Capital Management LP bought a new position in shares of Ixia during the first quarter worth approximately $179,000. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Ixia by 35.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 257,444 shares of the company’s stock worth $3,208,000 after buying an additional 67,073 shares during the period. Institutional investors and hedge funds own 61.88% of the company’s stock.
Shares of Ixia (NASDAQ:XXIA) traded up 2.40% on Wednesday, hitting $12.38. 154,912 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $11.85 and its 200 day moving average is $10.91. The firm has a market cap of $1.01 billion, a P/E ratio of 115.70 and a beta of 1.37. Ixia has a 12 month low of $8.50 and a 12 month high of $15.50.
Ixia (NASDAQ:XXIA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.11. Ixia had a net margin of 1.73% and a return on equity of 7.77%. The company had revenue of $120.10 million for the quarter, compared to analyst estimates of $114.12 million. During the same period last year, the firm earned $0.19 earnings per share. The firm’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts predict that Ixia will post $0.55 earnings per share for the current year.
A number of research analysts recently commented on XXIA shares. Zacks Investment Research lowered shares of Ixia from a “buy” rating to a “hold” rating in a research note on Saturday, August 13th. Stifel Nicolaus upgraded shares of Ixia from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Monday, July 25th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $13.58.
In related news, insider Matthew S. Alexander sold 10,644 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $11.99, for a total transaction of $127,621.56. Following the transaction, the insider now directly owns 38,272 shares of the company’s stock, valued at $458,881.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Walker H. Colston II sold 22,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $11.72, for a total transaction of $263,700.00. Following the transaction, the vice president now directly owns 38,262 shares in the company, valued at $448,430.64. The disclosure for this sale can be found here. Corporate insiders own 24.40% of the company’s stock.
Ixia Company Profile
Ixia is a provider of physical and virtual network application performance and security resilience solutions. The Company’s product solutions consist of its hardware platforms, software applications and services, including warranty and maintenance offerings and professional services. The Company helps its customers to validate the performance and security resilience of their applications and networks.
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