Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 16,964 shares of Infoblox stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $26.34, for a total value of $446,831.76. Following the completion of the sale, the executive vice president now directly owns 126,494 shares in the company, valued at approximately $3,331,851.96. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Scott Fulton also recently made the following trade(s):
- On Friday, September 16th, Scott Fulton sold 5,492 shares of Infoblox stock. The shares were sold at an average price of $22.85, for a total value of $125,492.20.
Infoblox Inc. (NYSE:BLOX) opened at 26.38 on Wednesday. The firm’s market capitalization is $1.47 billion. The firm has a 50-day moving average price of $22.12 and a 200 day moving average price of $18.76. Infoblox Inc. has a one year low of $13.22 and a one year high of $26.41.
Infoblox (NYSE:BLOX) last posted its earnings results on Wednesday, August 31st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.92%. The firm earned $86.30 million during the quarter, compared to analysts’ expectations of $84.51 million. During the same quarter in the prior year, the firm earned $0.12 EPS. Infoblox’s quarterly revenue was down .8% on a year-over-year basis. Equities research analysts anticipate that Infoblox Inc. will post $0.66 earnings per share for the current year.
A number of equities research analysts have weighed in on BLOX shares. DA Davidson reaffirmed an “underperform” rating and issued a $18.00 price objective on shares of Infoblox in a report on Thursday, August 25th. Cowen and Company reaffirmed an “outperform” rating and issued a $28.00 price objective on shares of Infoblox in a report on Wednesday, August 31st. Zacks Investment Research raised Infoblox from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, August 29th. JMP Securities lowered Infoblox to a “market perform” rating in a report on Monday, September 19th. Finally, William Blair lowered Infoblox from an “outperform” rating to a “market perform” rating in a report on Monday, September 19th. 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 has an average rating of “Hold” and an average price target of $22.16.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. DIAM Co. Ltd. purchased a new position in Infoblox during the second quarter valued at approximately $116,000. Teacher Retirement System of Texas boosted its position in Infoblox by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 7,936 shares of the company’s stock valued at $149,000 after buying an additional 961 shares during the period. Seven Bridges Advisors LLC bought a new position in Infoblox during the second quarter valued at about $153,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Infoblox during the second quarter valued at about $212,000. Finally, Cubist Systematic Strategies LLC bought a new position in Infoblox during the second quarter valued at about $222,000. Hedge funds and other institutional investors own 92.77% of the company’s stock.
Infoblox Company Profile
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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