Ixia (NASDAQ:XXIA) has been given an average rating of “Buy” by the six analysts that are covering the company. 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 updated their coverage on the stock in the last year is $13.70.
A number of analysts recently issued reports on XXIA shares. Zacks Investment Research raised shares of Ixia from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Stifel Nicolaus raised shares of 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.
Shares of Ixia (NASDAQ:XXIA) opened at 12.29 on Monday. Ixia has a 12-month low of $8.50 and a 12-month high of $15.06. The stock has a 50 day moving average of $11.96 and a 200-day moving average of $10.97. The company has a market capitalization of $999.28 million, a P/E ratio of 114.86 and a beta of 1.34.
Ixia (NASDAQ:XXIA) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 had revenue of $120.10 million for the quarter, compared to the consensus estimate of $114.12 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts forecast that Ixia will post $0.55 EPS for the current year.
In other Ixia news, VP Walker H. Colston II sold 22,500 shares of the stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $11.72, for a total transaction of $263,700.00. Following the transaction, the vice president now directly owns 38,262 shares of the company’s stock, valued at $448,430.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Matthew S. Alexander sold 10,644 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $11.99, for a total transaction of $127,621.56. Following 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. Corporate insiders own 24.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new position in Ixia during the second quarter valued at about $102,000. US Bancorp DE increased its position 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 last quarter. Mason Street Advisors LLC bought a new position in Ixia during the second quarter valued at about $119,000. Profund Advisors LLC increased its position 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 last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Ixia during the first quarter valued at about $165,000. 61.88% of the stock is currently owned by institutional investors and hedge funds.