Deutsche Bank AG upgraded shares of Infoblox Inc. (NYSE:BLOX) from a sell rating to a hold rating in a research report sent to investors on Tuesday. They currently have $13.00 price objective on the stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Infoblox from a sell rating to a hold rating in a research note on Monday, June 20th. Piper Jaffray Cos. lowered shares of Infoblox from an overweight rating to a neutral rating in a research note on Monday. Needham & Company LLC reaffirmed a hold rating on shares of Infoblox in a research note on Saturday, September 3rd. JMP Securities lowered shares of Infoblox to a market perform rating in a research note on Monday. Finally, William Blair lowered shares of Infoblox from an outperform rating to a market perform rating in a research note on Monday. 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 stock. Infoblox has an average rating of Hold and an average price target of $22.16.
Shares of Infoblox (NYSE:BLOX) opened at 26.32 on Tuesday. Infoblox has a one year low of $13.22 and a one year high of $26.41. The company’s 50 day moving average is $21.46 and its 200 day moving average is $18.49. The company’s market cap is $1.47 billion.
Infoblox (NYSE:BLOX) last released its quarterly earnings data on Wednesday, August 31st. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.71%. The firm had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.51 million. During the same period last year, the firm earned $0.12 earnings per share. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, equities analysts predict that Infoblox will post $0.66 earnings per share for the current year.
In related news, EVP Scott Fulton sold 5,492 shares of the firm’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.85, for a total transaction of $125,492.20. Following the completion of the sale, the executive vice president now owns 121,986 shares in the company, valued at $2,787,380.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jesper Andersen sold 14,358 shares of the firm’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.85, for a total transaction of $328,080.30. Following the sale, the insider now owns 294,738 shares of the company’s stock, valued at approximately $6,734,763.30. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. DIAM Co. Ltd. bought a new stake in Infoblox during the second quarter worth about $116,000. Teacher Retirement System of Texas increased 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 last quarter. Seven Bridges Advisors LLC acquired a new position in Infoblox during the second quarter valued at $153,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Infoblox during the second quarter valued at $212,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Infoblox during the second quarter valued at $222,000. Institutional investors and hedge funds own 92.77% of the company’s stock.
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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