Ixia (XXIA) Receives $55.50 Average PT from Analysts
Ixia (NASDAQ:XXIA) has been given an average recommendation of “Buy” by the six analysts that are presently covering the firm. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $55.50.
Several equities research analysts have recently issued reports on XXIA shares. Zacks Investment Research upgraded shares of Ixia from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Thursday, October 20th. Stifel Nicolaus raised their target price on shares of Ixia from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. Finally, Gabelli restated a “buy” rating on shares of Ixia in a report on Tuesday, December 6th.
Shares of Ixia (NASDAQ:XXIA) opened at 17.00 on Monday. Ixia has a one year low of $8.50 and a one year high of $17.15. The firm has a 50-day moving average of $15.64 and a 200-day moving average of $12.58. The stock has a market cap of $1.40 billion, a PE ratio of 158.88 and a beta of 0.80.
Ixia (NASDAQ:XXIA) last released its earnings results on Tuesday, November 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm earned $123.90 million during the quarter, compared to analyst estimates of $118.30 million. Ixia had a net margin of 1.89% and a return on equity of 7.94%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, equities research analysts expect that Ixia will post $0.63 earnings per share for the current fiscal year.
In related news, insider Marie Hattar sold 10,612 shares of Ixia stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $12.31, for a total transaction of $130,633.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.40% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new stake in Ixia during the second quarter valued at 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 valued at $107,000 after buying an additional 677 shares in the last quarter. Mason Street Advisors LLC acquired a new stake in Ixia during the second quarter valued at 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 valued at $128,000 after buying an additional 237 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Ixia during the third quarter valued at approximately $133,000. Institutional investors and hedge funds own 62.66% of the company’s stock.
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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