Here is What Hedge Funds Think About Ixia (XXIA)

As one would reasonably expect, key money managers were breaking ground themselves. PDT Partners, managed by Peter Muller, assembled the most outsized position in Ixia (NASDAQ:XXIA). PDT Partners had $0.7 million invested in the company at the end of the quarter. Peter Algert and Kevin Coldiron’s Algert Coldiron Investors also initiated a $0.7 million position during the quarter. The other funds with new positions in the stock are John Overdeck and David Siegel’s Two Sigma Advisors, Michael Platt and William Reeves’s BlueCrest Capital Mgmt., and David Costen Haley’s HBK Investments.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Ixia (NASDAQ:XXIA) but similarly valued. These stocks are Universal Forest Products, Inc. (NASDAQ:UFPI), PennyMac Mortgage Investment Trust (NYSE:PMT), Flagstar Bancorp Inc (NYSE:FBC), and NIC Inc. (NASDAQ:EGOV). This group of stocks’ market values resemble XXIA’s market value.

As you can see these stocks had an average of 17 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. That figure was $107 million in XXIA’s case. Universal Forest Products, Inc. (NASDAQ:UFPI) is the most popular stock in this table. On the other hand NIC Inc. (NASDAQ:EGOV) is the least popular one with only 15 bullish hedge fund positions. Compared to these stocks Ixia (NASDAQ:XXIA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.