Brokerages Set Ixia (NASDAQ:XXIA) PT at $13.70
Shares of Ixia (NASDAQ:XXIA) have earned an average recommendation of “Buy” from the six research firms that are covering the firm. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.70.
XXIA has been the topic of several research reports. Stifel Nicolaus raised shares of Ixia from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Monday, July 25th. Zacks Investment Research raised shares of Ixia from a “sell” rating to a “hold” rating in a report on Thursday, June 30th.
Ixia (NASDAQ:XXIA) opened at 12.43 on Monday. The company has a market capitalization of $1.01 billion, a PE ratio of 116.17 and a beta of 1.34. Ixia has a 12-month low of $8.50 and a 12-month high of $15.06. The stock’s 50 day moving average price is $11.93 and its 200 day moving average price is $10.95.
Ixia (NASDAQ:XXIA) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.11. Ixia had a net margin of 1.73% and a return on equity of 7.77%. The firm earned $120.10 million during the quarter, compared to the consensus estimate of $114.12 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. On average, equities analysts anticipate that Ixia will post $0.55 EPS for the current fiscal year.
In other Ixia news, insider Matthew S. Alexander sold 10,644 shares of Ixia stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $11.99, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Walker H. Colston II sold 22,500 shares of Ixia stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $11.72, for a total transaction of $263,700.00. Following the completion of 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. 24.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in Ixia by 15.4% in the first quarter. Legal & General Group Plc now owns 13,757 shares of the company’s stock valued at $169,000 after buying an additional 1,841 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Ixia during the first quarter worth $179,000. Renaissance Technologies LLC raised its stake in shares of Ixia by 22.8% in the first quarter. Renaissance Technologies LLC now owns 1,649,320 shares of the company’s stock worth $20,551,000 after buying an additional 306,400 shares during the period. HBK Investments L P raised its stake 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. Finally, Goldman Sachs Group Inc. raised its stake in shares of Ixia by 18.4% in the first quarter. Goldman Sachs Group Inc. now owns 164,977 shares of the company’s stock worth $2,056,000 after buying an additional 25,665 shares during the period. 61.88% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for Ixia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ixia and related stocks with our FREE daily email newsletter.