Today, Prudential Financial Inc. decreases its position in Ixia (XXIA)

Today, Prudential Financial Inc. decreases its position in Ixia (XXIA)

Prudential Financial Inc. lowered its stake in shares of Ixia (NASDAQ:XXIA) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,314 shares of the company’s stock after selling 50,220 shares during the period. Prudential Financial Inc. owned approximately 0.56% of Ixia worth $4,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of XXIA. BlackRock Institutional Trust Company N.A. raised 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 valued at $28,207,000 after buying an additional 135,542 shares during the last quarter. HBK Investments L P raised 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 valued at $616,000 after buying an additional 6,400 shares during the last quarter. California State Teachers Retirement System raised its position in Ixia by 4.8% in the second quarter. California State Teachers Retirement System now owns 134,578 shares of the company’s stock valued at $1,322,000 after buying an additional 6,141 shares during the last quarter. Royce & Associates LP raised its position in Ixia by 224.6% in the first quarter. Royce & Associates LP now owns 166,200 shares of the company’s stock valued at $2,071,000 after buying an additional 115,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Ixia by 35.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 257,444 shares of the company’s stock valued at $3,208,000 after buying an additional 67,073 shares during the last quarter. Institutional investors own 61.87% of the company’s stock.

Shares of Ixia (NASDAQ:XXIA) opened at 11.92 on Monday. The stock has a market capitalization of $969.19 million, a P/E ratio of 111.40 and a beta of 1.34. Ixia has a 12-month low of $8.50 and a 12-month high of $15.06. The firm’s 50-day moving average is $12.01 and its 200 day moving average is $10.99.

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

Several equities research analysts have commented on XXIA shares. Zacks Investment Research downgraded shares of Ixia from a “buy” rating to a “hold” rating in a report on Saturday, August 13th. Stifel Nicolaus raised shares of Ixia from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ixia currently has an average rating of “Buy” and a consensus price target of $13.58.

In other news, VP Walker H. Colston II sold 22,500 shares of Ixia 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 transaction, the vice president now owns 38,262 shares of the company’s stock, valued at approximately $448,430.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew S. Alexander sold 10,644 shares of Ixia 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 transaction, the insider now directly owns 38,272 shares of the company’s stock, valued at approximately $458,881.28. The disclosure for this sale can be found here. 24.40% of the stock is owned by insiders.

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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