JMP Securities downgraded shares of Infoblox Inc. (NYSE:BLOX) to a market perform rating in a research report sent to investors on Monday morning.

Analyst Recommendations for Infoblox (NYSE:BLOX)

Other analysts have also issued research reports about the company. Zacks Investment Research raised Infoblox from a sell rating to a hold rating in a research note on Monday, June 20th. Piper Jaffray Cos. lowered 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. William Blair lowered Infoblox from an outperform rating to a market perform rating in a research note on Monday. Finally, Cowen and Company reaffirmed an outperform rating and issued a $28.00 price target (down previously from $32.00) on shares of Infoblox in a research note on Thursday, May 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $22.16.

Shares of Infoblox (NYSE:BLOX) opened at 26.40 on Monday. Infoblox has a 1-year low of $13.22 and a 1-year high of $26.41. The stock has a 50 day moving average of $21.23 and a 200 day moving average of $18.43. The company’s market cap is $1.48 billion.

Infoblox (NYSE:BLOX) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.08 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 analyst estimates of $84.51 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue was down .8% on a year-over-year basis. On average, equities analysts forecast that Infoblox will post $0.66 EPS for the current year.

In other Infoblox news, insider Jesper Andersen sold 14,358 shares of the business’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 completion of the sale, the insider now directly owns 294,738 shares in the company, valued at approximately $6,734,763.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Scott Fulton sold 5,492 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Algert Global LLC increased its stake in Infoblox by 30.4% in the first quarter. Algert Global LLC now owns 46,004 shares of the company’s stock worth $787,000 after buying an additional 10,734 shares in the last quarter. Elk Creek Partners LLC increased its stake in Infoblox by 36.4% in the second quarter. Elk Creek Partners LLC now owns 1,044,240 shares of the company’s stock worth $19,590,000 after buying an additional 278,944 shares in the last quarter. GW&K Investment Management LLC increased its stake in 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 in the last quarter. Norges Bank purchased a new stake in Infoblox during the fourth quarter worth about $9,762,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in Infoblox by 63.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 232,717 shares of the company’s stock worth $3,979,000 after buying an additional 90,114 shares in the last quarter. Institutional investors and hedge funds own 92.77% of the company’s stock.

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.

5 Day Chart for NYSE:BLOX

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