Infoblox Inc. (NYSE:BLOX) insider Jesper Andersen sold 14,358 shares of Infoblox stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.85, for a total value of $328,080.30. Following the completion of the transaction, the insider now owns 294,738 shares of the company’s stock, valued at approximately $6,734,763.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Infoblox Inc. (NYSE:BLOX) opened at 26.40 on Thursday. The firm’s market cap is $1.48 billion. Infoblox Inc. has a 52 week low of $13.22 and a 52 week high of $26.41. The company’s 50 day moving average is $21.23 and its 200-day moving average is $18.43.

Infoblox (NYSE:BLOX) last announced its earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.71%. The firm had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.51 million. During the same quarter last year, the business earned $0.12 earnings per share. Infoblox’s revenue was down .8% compared to the same quarter last year. Equities analysts expect that Infoblox Inc. will post $0.66 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in BLOX. Marshall Wace LLP raised its stake in shares of Infoblox by 4,496.8% in the second quarter. Marshall Wace LLP now owns 1,506,586 shares of the company’s stock worth $28,263,000 after buying an additional 1,473,811 shares during the period. Jet Capital Investors L P purchased a new stake in shares of Infoblox during the second quarter worth about $14,338,000. Norges Bank purchased a new stake in shares of Infoblox during the fourth quarter worth about $9,762,000. GW&K Investment Management LLC raised 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 worth $7,552,000 after buying an additional 363,797 shares during the period. Finally, Vista Equity Partners Management LLC raised its stake in shares of Infoblox by 14.3% in the second quarter. Vista Equity Partners Management LLC now owns 2,718,943 shares of the company’s stock worth $51,007,000 after buying an additional 340,000 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Several research firms recently issued reports on BLOX. Guggenheim cut Infoblox from a “buy” rating to a “neutral” rating in a report on Tuesday. DA Davidson restated an “underperform” rating and set a $18.00 target price on shares of Infoblox in a report on Thursday, August 25th. Piper Jaffray Cos. restated a “buy” rating and set a $24.50 target price (down from $26.00) on shares of Infoblox in a report on Thursday, May 26th. Cowen and Company restated an “outperform” rating and set a $28.00 target price on shares of Infoblox in a report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded Infoblox from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.16.

About Infoblox

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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