OMERS ADMINISTRATION Corp purchased a new position in Ixia (NASDAQ:XXIA) during the first quarter, according to its most recent filing with the SEC. The fund purchased 540,600 shares of the technology company’s stock, valued at approximately $10,623,000.
Several other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Ixia during the fourth quarter worth about $19,571,000. Gamco Investors INC. ET AL increased its stake in shares of Ixia by 201.8% in the first quarter. Gamco Investors INC. ET AL now owns 1,705,710 shares of the technology company’s stock worth $33,517,000 after buying an additional 1,140,450 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Ixia by 311.1% in the first quarter. Gabelli Funds LLC now owns 1,356,501 shares of the technology company’s stock worth $26,655,000 after buying an additional 1,026,501 shares in the last quarter. Chicago Capital Management LLC bought a new stake in shares of Ixia during the first quarter worth $18,381,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Ixia during the first quarter worth $12,500,000. 63.59% of the stock is currently owned by hedge funds and other institutional investors.
Ixia (NASDAQ:XXIA) remained flat at $19.65 during mid-day trading on Friday. Ixia has a 12-month low of $9.10 and a 12-month high of $19.65. The company’s 50 day moving average price is $19.59 and its 200 day moving average price is $16.54.
Separately, Stifel Nicolaus downgraded shares of Ixia from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $19.65 in a research note on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.24.
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. The Company helps its customers to validate the performance and security resilience of their applications and networks.
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