Ixia (NASDAQ:XXIA) shares were up 8.7% during trading on Tuesday . The stock traded as high as $11.97 and last traded at $11.87, with a volume of 647,174 shares trading hands. The stock had previously closed at $10.92.

A number of analysts have issued reports on XXIA shares. Stifel Nicolaus raised Ixia from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Monday. Wunderlich cut their target price on Ixia from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, April 15th. Zacks Investment Research downgraded Ixia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 20th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $12.00 target price on shares of Ixia in a research note on Thursday, April 14th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $10.50 target price on shares of Ixia in a research note on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.08.

The stock has a 50 day moving average price of $10.10 and a 200 day moving average price of $10.37. The firm has a market capitalization of $948.32 million and a PE ratio of 74.84.

Ixia (NASDAQ:XXIA) last released its earnings results on Tuesday, May 3rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. During the same period last year, the business earned $0.12 earnings per share. The firm had revenue of $112.70 million for the quarter, compared to analyst estimates of $123.26 million. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts predict that Ixia will post $0.51 earnings per share for the current fiscal year.

Other large investors have recently added to or reduced their stakes in the company. Globeflex Capital L P purchased a new stake in Ixia during the fourth quarter worth $1,011,000. California State Teachers Retirement System increased its stake in Ixia by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 112,329 shares of the company’s stock worth $1,396,000 after buying an additional 1,798 shares during the last quarter. Systematic Financial Management LP bought a new stake in Ixia during the fourth quarter worth $1,667,000. Finally, First Trust Advisors LP increased its stake in Ixia by 277.0% in the fourth quarter. First Trust Advisors LP now owns 202,142 shares of the company’s stock worth $2,513,000 after buying an additional 148,518 shares during the last quarter.

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