Ixia (NASDAQ:XXIA) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,444,811 shares, an increase of 33.3% from the September 15th total of 1,084,068 shares. Based on an average trading volume of 322,455 shares, the short-interest ratio is currently 4.5 days. Approximately 2.5% of the company’s stock are sold short.
Ixia (NASDAQ:XXIA) opened at 11.92 on Friday. The company has a market cap of $969.19 million, a P/E ratio of 111.40 and a beta of 1.34. Ixia has a 52-week low of $8.50 and a 52-week high of $15.06. The company has a 50-day moving average of $12.01 and a 200-day moving average of $10.99.
Ixia (NASDAQ:XXIA) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.18 EPS for the quarter, beating 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 company had revenue of $120.10 million for the quarter, compared to analyst estimates of $114.12 million. During the same period in the prior year, the firm posted $0.19 EPS. The company’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities research analysts expect that Ixia will post $0.55 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ixia from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a report on Thursday, August 4th. Stifel Nicolaus upgraded 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $13.58.
In related news, VP Walker H. Colston II sold 22,500 shares of the firm’s 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 sale, the vice president now directly owns 38,262 shares in the company, valued at $448,430.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Matthew S. Alexander sold 10,644 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $11.99, for a total transaction of $127,621.56. Following the sale, the insider now 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.
Several large investors have recently bought and sold shares of XXIA. Paloma Partners Management Co purchased a new stake in Ixia during the second quarter worth approximately $102,000. US Bancorp DE raised its stake in Ixia by 6.7% in the second quarter. US Bancorp DE now owns 10,857 shares of the company’s stock worth $107,000 after buying an additional 677 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in Ixia during the second quarter worth approximately $119,000. Profund Advisors LLC raised its stake in Ixia by 1.9% in the second quarter. Profund Advisors LLC now owns 12,997 shares of the company’s stock worth $128,000 after buying an additional 237 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in Ixia by 14.0% in the second quarter. Guggenheim Capital LLC now owns 14,060 shares of the company’s stock worth $138,000 after buying an additional 1,725 shares in the last quarter. 61.88% of the stock is currently owned by institutional investors.
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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