A number of other equities research analysts also recently weighed in on BLOX. Deutsche Bank AG upgraded shares of Infoblox from a sell rating to a hold rating and set a $13.00 price target for the company in a research report on Tuesday. JMP Securities downgraded shares of Infoblox to a market perform rating in a research report on Monday. William Blair downgraded shares of Infoblox from an outperform rating to a market perform rating in a research report on Monday. Piper Jaffray Cos. downgraded shares of Infoblox from an overweight rating to a neutral rating in a research report on Monday. Finally, Needham & Company LLC reiterated a hold rating on shares of Infoblox in a research report on Saturday, September 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $22.16.
Infoblox (NYSE:BLOX) opened at 26.32 on Tuesday. The company’s market capitalization is $1.47 billion. The firm has a 50-day moving average price of $21.00 and a 200-day moving average price of $18.37. Infoblox has a 12 month low of $13.22 and a 12 month high of $26.38.
Infoblox (NYSE:BLOX) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Infoblox had a negative return on equity of 4.71% and a negative net margin of 3.83%. The company earned $86.30 million during the quarter, compared to analysts’ expectations of $84.51 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s revenue was down .8% on a year-over-year basis. On average, equities analysts anticipate that Infoblox will post $0.66 earnings per share for the current fiscal year.
In related news, EVP Scott Fulton sold 5,492 shares of the business’s stock in a transaction on Friday, September 16th. The shares were sold at an average price of $22.85, for a total value of $125,492.20. Following the sale, the executive vice president now owns 121,986 shares of the company’s stock, valued at $2,787,380.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jesper Andersen sold 14,358 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.85, for a total transaction of $328,080.30. Following the completion of the sale, the insider now directly owns 294,738 shares in the company, valued at approximately $6,734,763.30. The disclosure for this sale can be found here. Company insiders own 3.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Infoblox during the fourth quarter valued at $9,762,000. GW&K Investment Management LLC boosted its stake in shares of Infoblox by 467.3% in the first quarter. GW&K Investment Management LLC now owns 441,642 shares of the company’s stock valued at $7,552,000 after buying an additional 363,797 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Infoblox during the first quarter valued at $477,000. Algert Global LLC boosted its stake in shares of Infoblox by 30.4% in the first quarter. Algert Global LLC now owns 46,004 shares of the company’s stock valued at $787,000 after buying an additional 10,734 shares in the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Infoblox by 12.1% in the first quarter. BlackRock Group LTD now owns 68,747 shares of the company’s stock valued at $1,176,000 after buying an additional 7,423 shares in the last quarter. 92.77% of the stock is currently owned by institutional investors.
Infoblox Inc provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control, network automation and domain name system (DNS) security though appliance-based solutions. The Company’s solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances.
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