Ixia (XXIA): Brent T Novak , Chief Financial Officer of Ixia sold 808 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $9.66 per share for a total value of $7,801.97 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 18, 2016, Walker H Ii Colston (Senior V.P., Global Support) sold 78 shares at $9.66 per share price.On May 18, 2016, Christopher Lee Williams (Sr. VP, Human Resources) sold 165 shares at $9.66 per share price.Also, On May 18, 2016, Alexander Pepe (Chief Operating Officer) sold 142 shares at $9.66 per share price.On May 18, 2016, Matthew S Alexander (officer ) sold 647 shares at $9.66 per share price.
Shares of Ixia (XXIA) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.84% at $9.48 with 3,90,595 shares getting traded. Post opening the session at $9.52, the shares hit an intraday low of $9.4 and an intraday high of $9.61 and the price vacillated in this range throughout the day. The company has a market cap of $775,018 M and the number of outstanding shares has been calculated to be 81,75,30,00,000 shares. The 52-week high of Ixia is $16.05 and the 52-week low is $8.5.
Company has been under the radar of several Street Analysts.Ixia is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 14 from a previous price target of $15 . The Rating was issued on Apr 15, 2016.Ixia is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $12 .The Rating was issued on Mar 28, 2016.Ixia is Upgraded by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 12 from a previous price target of $11 .Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Feb 24, 2016.Ixia is Reiterated by Jefferies to Hold while Lowering the Price Target of the company shares to $ 11 from a previous price target of $15 . The Rating was issued on Feb 24, 2016.
Ixia is a provider of application performance and security resilience network test and network visibility solutions. The Company’s solutions are used by enterprises service providers network equipment manufacturers and governments. The Company’s network test and network visibility product solutions consist of hardware platforms including chassis interface cards and appliances software application tools and services including its warranty and maintenance offerings and professional services. The Company’s manufacturing and supply operations consist primarily of supply chain management procurement quality control logistics final assembly configuration testing fulfillment and logistics. The Company’s customers include Network Equipment Manufacturers (NEMs) Service Providers and Enterprises and Government.