Guggenheim cut shares of Infoblox Inc. (NYSE:BLOX) from a buy rating to a neutral rating in a research report released on Tuesday.

BLOX has been the subject of several other reports. DA Davidson reaffirmed an underperform rating and set a $18.00 target price on shares of Infoblox in a report on Thursday, August 25th. Cowen and Company reaffirmed an outperform rating and set a $28.00 target price on shares of Infoblox in a report on Wednesday, August 31st. Zacks Investment Research raised Infoblox from a hold rating to a buy rating and set a $23.00 target price for the company in a report on Monday, August 29th. Needham & Company LLC reaffirmed a hold rating on shares of Infoblox in a report on Thursday, May 26th. Finally, William Blair lowered Infoblox from an outperform rating to a market perform rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $22.16.

Infoblox (NYSE:BLOX) opened at 26.32 on Tuesday. Infoblox has a 1-year low of $13.22 and a 1-year high of $26.41. The stock’s market capitalization is $1.47 billion. The company has a 50-day moving average price of $21.46 and a 200 day moving average price of $18.49.

Infoblox (NYSE:BLOX) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm earned $86.30 million during the quarter, compared to analyst estimates of $84.51 million. Infoblox had a negative return on equity of 4.71% and a negative net margin of 3.83%. Infoblox’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share. On average, equities analysts predict that Infoblox will post $0.66 EPS for the current year.

In other news, insider Jesper Andersen sold 14,358 shares of the stock in a transaction on 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 owns 294,738 shares in the company, valued at approximately $6,734,763.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Fulton sold 5,492 shares of the stock in a transaction on 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 approximately $2,787,380.10. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in shares of Infoblox during the second quarter worth approximately $244,000. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Infoblox during the second quarter worth approximately $3,053,000. Royal Bank of Canada increased its stake in shares of 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. Jacobs Levy Equity Management Inc. increased its stake in shares of 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 during the period. Finally, Legal & General Group Plc increased its stake in shares of Infoblox by 25.8% in the first quarter. Legal & General Group Plc now owns 16,022 shares of the company’s stock worth $272,000 after buying an additional 3,289 shares during the period. Institutional investors own 92.77% of the company’s stock.

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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