Schwab Charles Investment Management Inc. Sells 70,572 Shares of Ixia (XXIA)

Schwab Charles Investment Management Inc. lowered its stake in Ixia (NASDAQ:XXIA) by 21.1% during the first quarter, Holdings Channel reports. The institutional investor owned 264,183 shares of the technology company’s stock after selling 70,572 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Ixia were worth $5,192,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in XXIA. Norges Bank purchased a new stake in shares of Ixia during the fourth quarter valued at $19,571,000. Chicago Capital Management LLC purchased a new stake in shares of Ixia during the first quarter valued at $18,381,000. Louisiana State Employees Retirement System boosted its stake in shares of Ixia by 2.4% in the first quarter. Louisiana State Employees Retirement System now owns 26,000 shares of the technology company’s stock valued at $511,000 after buying an additional 600 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Ixia by 3.8% in the first quarter. State of Alaska Department of Revenue now owns 7,040 shares of the technology company’s stock valued at $138,000 after buying an additional 260 shares in the last quarter. Finally, ARP Americas LLC purchased a new stake in shares of Ixia during the first quarter valued at $4,810,000. 63.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Ixia (NASDAQ:XXIA) remained flat at $19.65 during mid-day trading on Tuesday. The stock has a 50 day moving average of $19.59 and a 200-day moving average of $16.54. Ixia has a 12-month low of $9.10 and a 12-month high of $19.65.

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About Ixia

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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Institutional Ownership by Quarter for Ixia (NASDAQ:XXIA)

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