The stock of Ixia (NASDAQ:XXIA) hit a new 52-week high and has $14.75 target or 5.00% above today’s $14.05 share price. The 8 months bullish chart indicates low risk for the $1.18B company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $14.75 price target is reached, the company will be worth $59.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 130,290 shares traded hands. Ixia (NASDAQ:XXIA) has risen 33.21% since April 20, 2016 and is uptrending. It has outperformed by 28.65% the S&P500.
Ixia (NASDAQ:XXIA) Ratings Coverage
Out of 4 analysts covering Ixia (NASDAQ:XXIA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ixia has been the topic of 7 analyst reports since August 11, 2015 according to StockzIntelligence Inc. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Hold”. The stock has “Buy” rating given by Stifel Nicolaus on Tuesday, July 26. As per Wednesday, February 24, the company rating was maintained by Jefferies. Wunderlich downgraded the shares of XXIA in a report on Monday, October 19 to “Hold” rating. Wunderlich upgraded Ixia (NASDAQ:XXIA) rating on Wednesday, February 24. Wunderlich has “Buy” rating and $12 price target. Stifel Nicolaus maintained Ixia (NASDAQ:XXIA) on Wednesday, November 2 with “Buy” rating.
According to Zacks Investment Research, “Ixia is a leading provider of performance test systems for IP-based infrastructure and services. It is highly scalable solutions generate, capture, characterize, and emulate network and application traffic, establishing definitive performance and conformance metrics of network devices or systems under test. Its test systems are used by network and telephony equipment manufacturers, semiconductor manufacturers, service providers, governments, and enterprises to validate the functionality and reliability of complex IP networks, devices, and applications. Its Triple Play test systems address the growing need to test voice, video, and data services and network capability under real-world conditions. Its vision is to be the world’s pre-eminent provider of solutions to enable testing of next generation IP Triple Play networks.”
Insitutional Activity: The institutional sentiment increased to 1.45 in Q2 2016. Its up 0.63, from 0.82 in 2016Q1. The ratio is positive, as 33 funds sold all Ixia shares owned while 46 reduced positions. 19 funds bought stakes while 46 increased positions. They now own 49.89 million shares or 5.34% less from 52.71 million shares in 2016Q1.
The Massachusetts-based Geode Cap Limited Com has invested 0% in Ixia (NASDAQ:XXIA). Ubs Asset Americas reported 23,998 shares or 0% of all its holdings. Employees Retirement Association Of Colorado holds 0% of its portfolio in Ixia (NASDAQ:XXIA) for 18,291 shares. Petrus Trust Com Lta owns 12,756 shares or 0.03% of their US portfolio. Piermont Cap Mngmt reported 95,049 shares or 0.24% of all its holdings. Moreover, Trexquant Investment L P has 0.03% invested in Ixia (NASDAQ:XXIA) for 27,014 shares. Highbridge Capital Limited Com accumulated 0% or 23,825 shares. Meeder Asset Mgmt last reported 0.01% of its portfolio in the stock. Research Investors last reported 671,200 shares in the company. Los Angeles Capital Management And Equity Rech has invested 0% of its portfolio in Ixia (NASDAQ:XXIA). Gamco Et Al holds 639,800 shares or 0.04% of its portfolio. Northern Tru accumulated 770,339 shares or 0% of the stock. Citadel Advsr Limited Liability Company last reported 0% of its portfolio in the stock. Jacobs Levy Equity Management Inc last reported 0.04% of its portfolio in the stock. Comerica Fincl Bank reported 61,965 shares or 0.01% of all its holdings.
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 10 insider sales for $603,664 net activity. Shares for $905 were sold by Colston Walker H II. Shares for $127,668 were sold by Alexander Matthew S. $9,597 worth of Ixia (NASDAQ:XXIA) shares were sold by Novak Brent T. Pepe Alexander had sold 141 shares worth $1,679. Shares for $1,965 were sold by Williams Christopher Lee on Tuesday, August 16. $17,497 worth of Ixia (NASDAQ:XXIA) shares were sold by Key Patricia. Hattar Marie sold $130,675 worth of stock.
More recent Ixia (NASDAQ:XXIA) news were published by: Businesswire.com which released: “Anritsu and Ixia Successfully Complete O2 Czech Republic Network Function …” on November 22, 2016. Also Businesswire.com published the news titled: “Ixia Delivers First Multi-Terabit Network Security Test Platform for …” on November 15, 2016. Businesswire.com‘s news article titled: “Ixia Launches the First Software Solution Specifically Designed for Pre …” with publication date: October 31, 2016 was also an interesting one.
XXIA Company Profile
Ixia, incorporated on May 28, 1997, is a well-known 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 Firm helps its clients to validate the performance and security resilience of their applications and networks. The Company’s network visibility solutions connects data center and network infrastructure with monitoring solutions that ensure application performance and security resilience. The Firm offers network test hardware platforms with interchangeable interfaces, using a common set of applications and Application Programing Interfaces (APIs). The Firm provides its solutions to network equipment manufacturers (NEMs), service providers, and enterprise and government organizations. The Company’s product solutions consist of its hardware platforms, such as chassis, interface cards and appliances, software application tools, and services, including its warranty and maintenance offerings and professional services.
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