Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 5,492 shares of the company’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $22.85, for a total transaction of $125,492.20. Following the sale, the executive vice president now directly owns 121,986 shares of the company’s stock, valued at $2,787,380.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Infoblox Inc. (NYSE:BLOX) opened at 26.40 on Thursday. The firm’s market cap is $1.48 billion. Infoblox Inc. has a 1-year low of $13.22 and a 1-year 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 posted its earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share (EPS) 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 business had revenue of $86.30 million for the quarter, compared to analyst estimates of $84.51 million. During the same period last year, the business posted $0.12 EPS. Infoblox’s revenue was down .8% compared to the same quarter last year. On average, equities research analysts expect that Infoblox Inc. will post $0.66 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BLOX. DIAM Co. Ltd. purchased a new position in Infoblox during the second quarter worth about $116,000. Teacher Retirement System of Texas raised 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 worth $149,000 after buying an additional 961 shares during the last quarter. Seven Bridges Advisors LLC purchased a new position in Infoblox during the second quarter worth about $153,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Infoblox during the second quarter worth about $212,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Infoblox during the second quarter worth about $222,000. Institutional investors and hedge funds own 92.77% of the company’s stock.

A number of equities analysts have commented on BLOX shares. Piper Jaffray Cos. lowered shares of Infoblox from an “overweight” rating to a “neutral” rating in a report on Monday. Zacks Investment Research lowered shares of Infoblox from a “hold” rating to a “sell” rating in a report on Thursday, May 26th. Needham & Company LLC reiterated a “hold” rating on shares of Infoblox in a report on Saturday, September 3rd. Cowen and Company reiterated an “outperform” rating and issued a $28.00 price objective (down previously from $32.00) on shares of Infoblox in a report on Thursday, May 26th. Finally, Deutsche Bank AG upgraded shares of Infoblox from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Infoblox presently has an average rating of “Hold” and an average price target 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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