William Blair downgraded shares of Infoblox Inc. (NYSE:BLOX) from an outperform rating to a market perform rating in a research report sent to investors on Monday morning.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded Infoblox from a sell rating to a hold rating in a research report on Monday, June 20th. Piper Jaffray Cos. cut Infoblox from an overweight rating to a neutral rating in a research report on Monday. Needham & Company LLC reiterated a hold rating on shares of Infoblox in a research report on Saturday, September 3rd. Finally, Cowen and Company reiterated an outperform rating and set a $28.00 price target (down from $32.00) on shares of Infoblox in a research report on Thursday, May 26th. Two research 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’s stock. The stock presently has a consensus rating of Hold and an average price target of $22.16.

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

Infoblox (NYSE:BLOX) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm earned $86.30 million during the quarter, compared to analysts’ expectations of $84.51 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Equities analysts forecast that Infoblox will post $0.66 EPS for the current year.

In other news, 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 value of $125,492.20. Following the transaction, the executive vice president now owns 121,986 shares of the company’s stock, valued at approximately $2,787,380.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 294,738 shares in the company, valued at approximately $6,734,763.30. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in Infoblox during the fourth quarter valued at about $9,762,000. GW&K Investment Management LLC raised its position in Infoblox by 467.3% in the first quarter. GW&K Investment Management LLC now owns 441,642 shares of the company’s stock valued at $7,552,000 after buying an additional 363,797 shares during the last quarter. Prudential Financial Inc. purchased a new position in Infoblox during the first quarter valued at about $477,000. Algert Global LLC raised its position in Infoblox by 30.4% in the first quarter. Algert Global LLC now owns 46,004 shares of the company’s stock valued at $787,000 after buying an additional 10,734 shares during the last quarter. Finally, BlackRock Group LTD raised its position in Infoblox by 12.1% in the first quarter. BlackRock Group LTD now owns 68,747 shares of the company’s stock valued at $1,176,000 after buying an additional 7,423 shares during the last quarter. 92.77% of the stock is currently owned by hedge funds and other institutional investors.

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

Receive News & Ratings for Infoblox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infoblox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.