Old Mutual Global Investors UK Ltd. Has $435,000 Position in Ixia (XXIA)
Old Mutual Global Investors UK Ltd. lowered its stake in shares of Ixia (NASDAQ:XXIA) by 35.1% during the third quarter, Holdings Channel reports. The fund owned 34,873 shares of the company’s stock after selling 18,884 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Ixia were worth $435,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Eagle Asset Management Inc. bought a new position in shares of Ixia during the third quarter valued at $1,440,000. California State Teachers Retirement System increased its position in shares of 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. Dimensional Fund Advisors LP increased its position in shares of Ixia by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,956,980 shares of the company’s stock valued at $29,037,000 after buying an additional 35,813 shares during the last quarter. Swiss National Bank increased its position in shares of Ixia by 3.3% in the second quarter. Swiss National Bank now owns 90,700 shares of the company’s stock valued at $891,000 after buying an additional 2,900 shares during the last quarter. Finally, Texas Permanent School Fund increased its position in shares of Ixia by 0.4% in the third quarter. Texas Permanent School Fund now owns 47,694 shares of the company’s stock valued at $596,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.
Ixia (NASDAQ:XXIA) traded up 0.89% during midday trading on Friday, hitting $17.00. The company’s stock had a trading volume of 426,542 shares. The company’s 50-day moving average is $15.64 and its 200 day moving average is $12.58. Ixia has a one year low of $8.50 and a one year high of $17.15. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 158.88 and a beta of 0.80.
Ixia (NASDAQ:XXIA) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. On average, analysts predict that Ixia will post $0.63 EPS for the current year.
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Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Ixia from a “buy” rating to a “hold” rating in a report on Saturday, October 22nd. Gabelli reiterated a “buy” rating on shares of Ixia in a report on Tuesday, December 6th. Finally, Stifel Nicolaus lifted their price objective on Ixia from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Ixia currently has a consensus rating of “Buy” and a consensus price target of $47.20.
In related news, insider Marie Hattar sold 10,612 shares of the company’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $12.31, for a total transaction of $130,633.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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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