State Board of Administration of Florida Retirement System decreased its position in Infoblox Inc. (NYSE:BLOX) by 15.5% during the second quarter, Holdings Channel reports. The firm owned 32,380 shares of the company’s stock after selling 5,947 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Infoblox worth $607,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the company. Falcon Point Capital LLC raised its position in Infoblox by 1.5% in the second quarter. Falcon Point Capital LLC now owns 483,403 shares of the company’s stock worth $9,069,000 after buying an additional 7,288 shares during the period. Seven Bridges Advisors LLC bought a new position in Infoblox during the second quarter worth approximately $153,000. Bank of Montreal Can bought a new position in Infoblox during the second quarter worth approximately $244,000. Old Mutual Global Investors UK Ltd. bought a new position in Infoblox during the second quarter worth approximately $3,053,000. Finally, Royal Bank of Canada raised its position in Infoblox by 3,797.7% in the first quarter. Royal Bank of Canada now owns 20,151 shares of the company’s stock worth $344,000 after buying an additional 19,634 shares during the period. Institutional investors own 92.42% of the company’s stock.
Infoblox Inc. (NYSE:BLOX) traded down 0.19% on Monday, hitting $26.32. The stock had a trading volume of 2,917,133 shares. The stock’s 50-day moving average is $22.74 and its 200-day moving average is $18.95. The company’s market cap is $1.46 billion. Infoblox Inc. has a 52-week low of $13.22 and a 52-week high of $26.41.
Infoblox (NYSE:BLOX) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. The firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.51 million. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.92%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Analysts expect that Infoblox Inc. will post $0.66 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Infoblox from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. DA Davidson reiterated an “underperform” rating and issued a $18.00 price target on shares of Infoblox in a research note on Thursday, August 25th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price target on shares of Infoblox in a research note on Wednesday, August 31st. Needham & Company LLC reiterated a “hold” rating on shares of Infoblox in a research note on Saturday, September 3rd. Finally, Piper Jaffray Cos. lowered Infoblox from an “overweight” rating to a “neutral” rating in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have given 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.
In other news, insider Jesper Andersen sold 14,358 shares of the company’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 $328,080.30. Following the transaction, the insider now owns 294,738 shares of the company’s stock, valued at $6,734,763.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Scott Fulton sold 16,964 shares of the company’s stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $26.34, for a total transaction of $446,831.76. Following the completion of the transaction, the executive vice president now directly owns 126,494 shares in the company, valued at approximately $3,331,851.96. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by insiders.
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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