Ixia (XXIA) Short Interest Update
Ixia (NASDAQ:XXIA) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 1,444,811 shares, a growth of 33.3% from the September 15th total of 1,084,068 shares. Approximately 2.5% of the company’s shares are short sold. Based on an average daily volume of 322,455 shares, the days-to-cover ratio is currently 4.5 days.
Several research analysts recently weighed in on XXIA shares. Zacks Investment Research raised Ixia from a “sell” rating to a “hold” rating in a research report on Thursday, June 30th. Stifel Nicolaus raised Ixia from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $13.58.
Ixia (NASDAQ:XXIA) opened at 11.92 on Friday. The firm has a 50-day moving average price of $12.01 and a 200 day moving average price of $10.99. Ixia has a 52-week low of $8.50 and a 52-week high of $15.06. The stock has a market capitalization of $969.19 million, a price-to-earnings ratio of 111.40 and a beta of 1.34.
Ixia (NASDAQ:XXIA) last posted its earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.11. The company 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 business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.19 earnings per share. On average, equities research analysts predict that Ixia will post $0.55 EPS for the current year.
In related news, VP Walker H. Colston II sold 22,500 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $11.72, for a total value of $263,700.00. Following the transaction, the vice president now directly owns 38,262 shares of the company’s stock, valued at approximately $448,430.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew S. Alexander sold 10,644 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $11.99, for a total value of $127,621.56. Following the completion of the transaction, the insider now directly owns 38,272 shares in the company, valued at $458,881.28. The disclosure for this sale can be found here. Insiders own 24.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Paloma Partners Management Co purchased a new stake in Ixia during the second quarter valued at $102,000. US Bancorp DE raised its stake in Ixia by 6.7% in the second quarter. US Bancorp DE now owns 10,857 shares of the company’s stock valued at $107,000 after buying an additional 677 shares during the period. Mason Street Advisors LLC purchased a new stake in Ixia during the second quarter valued at $119,000. Profund Advisors LLC raised its stake in Ixia by 1.9% in the second quarter. Profund Advisors LLC now owns 12,997 shares of the company’s stock valued at $128,000 after buying an additional 237 shares during the period. Finally, Guggenheim Capital LLC raised its stake in shares of Ixia by 14.0% in the second quarter. Guggenheim Capital LLC now owns 14,060 shares of the company’s stock worth $138,000 after buying an additional 1,725 shares during the last quarter. Institutional investors own 61.88% 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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