Insider Selling: Ixia (XXIA) Insider Sells $130,633.72 in Stock
Ixia (NASDAQ:XXIA) insider Marie Hattar sold 10,612 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $12.31, for a total value of $130,633.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Ixia (NASDAQ:XXIA) opened at 12.65 on Friday. Ixia has a 52 week low of $8.50 and a 52 week high of $13.58. The firm has a market capitalization of $1.03 billion, a PE ratio of 118.22 and a beta of 0.73. The stock has a 50 day moving average price of $12.20 and a 200 day moving average price of $11.08.
Ixia (NASDAQ:XXIA) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Ixia had a net margin of 1.89% and a return on equity of 7.94%. The company earned $123.90 million during the quarter, compared to analysts’ expectations of $118.30 million. During the same period in the previous year, the company earned $0.15 EPS. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts forecast that Ixia will post $0.63 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Ixia by 5.8% in the second quarter. Vanguard Group Inc. now owns 5,540,153 shares of the company’s stock valued at $54,403,000 after buying an additional 304,987 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Ixia by 9.0% in the third quarter. BlackRock Fund Advisors now owns 4,416,416 shares of the company’s stock valued at $55,205,000 after buying an additional 364,062 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ixia by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,956,980 shares of the company’s stock valued at $29,037,000 after buying an additional 35,813 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake 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 valued at $28,207,000 after buying an additional 135,542 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Ixia by 35.7% in the second quarter. Royal Bank of Canada now owns 1,921,210 shares of the company’s stock valued at $18,866,000 after buying an additional 505,539 shares in the last quarter. 62.10% of the stock is owned by institutional investors.
A number of research firms have commented on XXIA. Zacks Investment Research upgraded Ixia from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Saturday, November 5th. Stifel Nicolaus upped their price target on Ixia from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.10.
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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