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

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Ixia from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Jefferies Group reaffirmed a “hold” rating and set a $10.50 price target on shares of Ixia in a report on Thursday, May 5th. 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. Deutsche Bank AG reaffirmed a “hold” rating and set a $12.00 price target on shares of Ixia in a report on Thursday, April 14th. Finally, Wunderlich decreased their price target on shares of Ixia from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, April 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.08.

The firm has a market cap of $930.38 million and a PE ratio of 73.4226. The firm has a 50 day moving average price of $10.17 and a 200-day moving average price of $10.39.

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 quarter in the previous year, the business earned $0.12 EPS. The business earned $112.70 million during the quarter, compared to analysts’ expectations of $123.26 million. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities research analysts predict that Ixia will post $0.51 earnings per share for the current fiscal year.

A number of hedge funds have added to or reduced their stakes in the company. Globeflex Capital L P acquired a new stake in Ixia during the fourth quarter worth $1,011,000. California State Teachers Retirement System raised 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 acquired a new stake in Ixia during the fourth quarter worth $1,667,000. Finally, First Trust Advisors LP raised 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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