Ixia (NASDAQ:XXIA) insider Patricia Key sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $13.69, for a total value of $17,495.82. Following the completion of the transaction, the insider now owns 63,908 shares in the company, valued at approximately $874,900.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ixia (NASDAQ:XXIA) opened at 13.80 on Friday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 128.97 and a beta of 0.73. Ixia has a 1-year low of $8.50 and a 1-year high of $14.00. The firm has a 50-day moving average price of $12.40 and a 200 day moving average price of $11.20.

Ixia (NASDAQ:XXIA) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm earned $123.90 million during the quarter, compared to analysts’ expectations of $118.30 million. Ixia had a return on equity of 7.94% and a net margin of 1.89%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 EPS. Equities analysts predict that Ixia will post $0.63 earnings per share for the current year.

Insider Buying and Selling by Quarter for Ixia (NASDAQ:XXIA)

Several institutional investors have recently bought and sold shares of XXIA. BlackRock Group LTD boosted its position in Ixia by 29.0% in the first quarter. BlackRock Group LTD now owns 119,928 shares of the company’s stock worth $1,495,000 after buying an additional 26,990 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in 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. Goldman Sachs Group Inc. boosted its position in 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. HBK Investments L P boosted its position in 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, Renaissance Technologies LLC boosted its position in 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. 62.00% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on XXIA shares. Stifel Nicolaus upgraded Ixia from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Monday, July 25th. Zacks Investment Research upgraded Ixia from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $13.10.

About Ixia

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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