The Capstone Asset Management Co. reached $192,000 position of Ixia (XXIA)

The Capstone Asset Management Co. reached $192,000 position  of Ixia (XXIA)

Capstone Asset Management Co. cut its stake in shares of Ixia (NASDAQ:XXIA) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,360 shares of the company’s stock after selling 400 shares during the period. Capstone Asset Management Co.’s holdings in Ixia were worth $192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted 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 valued at $270,000 after buying an additional 200 shares during the period. Profund Advisors LLC boosted 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. Synovus Financial Corp boosted its stake in Ixia by 0.8% in the second quarter. Synovus Financial Corp now owns 57,925 shares of the company’s stock valued at $565,000 after buying an additional 468 shares during the period. Arizona State Retirement System boosted its stake in Ixia by 1.9% in the second quarter. Arizona State Retirement System now owns 32,234 shares of the company’s stock valued at $317,000 after buying an additional 600 shares during the period. Finally, US Bancorp DE boosted 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. 61.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Ixia (NASDAQ:XXIA) opened at 12.14 on Thursday. The stock’s 50 day moving average price is $12.00 and its 200-day moving average price is $10.98. The stock has a market cap of $987.08 million, a PE ratio of 113.46 and a beta of 1.34. Ixia has a one year low of $8.50 and a one year high of $15.06.

Ixia (NASDAQ:XXIA) last announced its earnings results on Tuesday, August 2nd. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.07 by $0.11. Ixia had a return on equity of 7.77% and a net margin of 1.73%. The business earned $120.10 million during the quarter, compared to the consensus estimate of $114.12 million. During the same period in the prior year, the business posted $0.19 earnings per share. Ixia’s revenue was down 8.7% compared to the same quarter last year. On average, equities analysts predict that Ixia will post $0.55 earnings per share for the current fiscal year.

XXIA has been the subject of several recent analyst reports. Stifel Nicolaus upgraded Ixia from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Monday, July 25th. Zacks Investment Research upgraded Ixia from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $13.58.

In related news, VP Walker H. Colston II sold 22,500 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $11.72, for a total value of $263,700.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Alexander sold 10,644 shares of the stock in a transaction dated 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 sale, the insider now directly owns 38,272 shares of the company’s stock, valued at $458,881.28. The disclosure for this sale can be found here. Insiders own 24.40% 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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