BlackRock Institutional Trust Company N.A. raised its position in Ixia (NASDAQ:XXIA) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,263,830 shares of the company’s stock after buying an additional 135,542 shares during the period. BlackRock Institutional Trust Company N.A. owned 2.80% of Ixia worth $28,207,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of XXIA. First Trust Advisors LP increased its position 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. Systematic Financial Management LP purchased a new position in Ixia during the fourth quarter worth about $1,667,000. Teachers Advisors Inc. increased its position in Ixia by 17.0% in the first quarter. Teachers Advisors Inc. now owns 857,961 shares of the company’s stock worth $10,690,000 after buying an additional 124,658 shares during the last quarter. Globeflex Capital L P purchased a new position in Ixia during the fourth quarter worth about $1,011,000. Finally, Federated Investors Inc. PA increased its position in Ixia by 122.0% in the fourth quarter. Federated Investors Inc. PA now owns 104,075 shares of the company’s stock worth $1,294,000 after buying an additional 57,204 shares during the last quarter.
Ixia (NASDAQ:XXIA) traded up 6.23% on Tuesday, reaching $11.60. The company’s stock had a trading volume of 1,151,341 shares. Ixia has a 52-week low of $8.50 and a 52-week high of $16.05. The company has a market cap of $948.32 million and a P/E ratio of 74.84. The firm’s 50-day moving average price is $10.13 and its 200 day moving average price is $10.38.
A number of research firms recently issued reports on XXIA. Stifel Nicolaus upgraded Ixia from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Monday. Zacks Investment Research upgraded Ixia from a “sell” rating to a “hold” rating in a report on Thursday, June 30th. Jefferies Group reiterated a “hold” rating and set a $10.50 price objective on shares of Ixia in a report on Thursday, May 5th. Wunderlich decreased their price objective on Ixia from $15.00 to $14.00 and set a “buy” rating for the company in a report on Friday, April 15th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $12.00 price objective on shares of Ixia in a report on Thursday, April 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $13.08.
