Ixia (XXIA) Shares Sold by Rice Hall James & Associates LLC
Rice Hall James & Associates LLC cut its stake in Ixia (NASDAQ:XXIA) by 1.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,620,311 shares of the company’s stock after selling 18,260 shares during the period. Rice Hall James & Associates LLC owned about 1.98% of Ixia worth $15,911,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in XXIA. Strs Ohio raised its stake in Ixia by 8.4% in the second quarter. Strs Ohio now owns 68,200 shares of the company’s stock worth $669,000 after buying an additional 5,300 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Ixia by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 27,500 shares of the company’s stock worth $270,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can acquired a new stake in Ixia during the second quarter worth approximately $270,000. Fox Run Management L.L.C. raised its stake in Ixia by 92.6% in the second quarter. Fox Run Management L.L.C. now owns 20,800 shares of the company’s stock worth $204,000 after buying an additional 10,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Ixia by 112.9% in the second quarter. BNP Paribas Arbitrage SA now owns 20,039 shares of the company’s stock worth $197,000 after buying an additional 10,625 shares in the last quarter. 61.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Ixia (NASDAQ:XXIA) traded down 0.56% during trading on Tuesday, hitting $12.36. 179,701 shares of the stock traded hands. Ixia has a 1-year low of $8.50 and a 1-year high of $15.50. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 115.51 and a beta of 1.34. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $10.94.
Ixia (NASDAQ:XXIA) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.11. The business had revenue of $120.10 million for the quarter, compared to analyst estimates of $114.12 million. Ixia had a net margin of 1.73% and a return on equity of 7.77%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. On average, equities analysts forecast that Ixia will post $0.55 earnings per share for the current year.
A number of analysts have commented on XXIA shares. Zacks Investment Research raised shares of Ixia from a “sell” rating to a “hold” rating in a report on Thursday, June 9th. Stifel Nicolaus raised shares of Ixia from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Monday, July 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $13.58.
In related news, VP Walker H. Colston II sold 22,500 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $11.72, for a total value of $263,700.00. Following the completion of the transaction, the vice president now owns 38,262 shares of the company’s stock, valued at approximately $448,430.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew S. Alexander sold 10,644 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $11.99, for a total transaction of $127,621.56. Following the completion of the transaction, the insider now directly owns 38,272 shares of the company’s stock, valued at approximately $458,881.28. The disclosure for this sale can be found here. 24.40% of the stock is currently owned by corporate insiders.
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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