Infoblox Inc. (BLOX) Downgraded by Stephens to “Equal Weight”
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Infoblox from a buy rating to a hold rating in a research report on Tuesday, August 16th. JMP Securities cut Infoblox to a market perform rating in a research report on Monday, September 19th. 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. William Blair lowered Infoblox from an outperform rating to a market perform rating in a report on Monday, September 19th. Finally, Piper Jaffray Cos. lowered Infoblox from an overweight rating to a neutral rating in a report on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Infoblox has a consensus rating of Hold and an average target price of $22.16.
Infoblox (NYSE:BLOX) traded down 0.04% on Thursday, reaching $26.31. The company’s stock had a trading volume of 1,777,747 shares. The stock’s 50 day moving average is $23.49 and its 200-day moving average is $19.25. Infoblox has a 52 week low of $13.22 and a 52 week high of $26.41. The firm’s market capitalization is $1.46 billion.
Infoblox (NYSE:BLOX) last released its quarterly earnings data 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. The firm earned $86.30 million during the quarter, compared to analysts’ expectations of $84.51 million. Infoblox had a negative return on equity of 4.92% and a negative net margin of 3.83%. The business’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. Analysts predict that Infoblox will post $0.66 EPS for the current year.
In other Infoblox news, EVP Scott Fulton sold 16,964 shares of Infoblox stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $26.34, for a total transaction of $446,831.76. Following the sale, the executive vice president now directly owns 126,494 shares of the company’s stock, valued at $3,331,851.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jesper Andersen sold 14,358 shares of Infoblox stock in a transaction that occurred 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 sale, the insider now directly owns 294,738 shares in the company, valued at $6,734,763.30. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Infoblox during the fourth quarter worth $9,762,000. Prudential Financial Inc. bought a new stake in Infoblox during the first quarter worth $477,000. BlackRock Group LTD increased its stake in Infoblox by 12.1% in the first quarter. BlackRock Group LTD now owns 68,747 shares of the company’s stock worth $1,176,000 after buying an additional 7,423 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Infoblox by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 315,844 shares of the company’s stock worth $5,401,000 after buying an additional 105,295 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Infoblox by 2.6% in the first quarter. Renaissance Technologies LLC now owns 996,400 shares of the company’s stock worth $17,038,000 after buying an additional 24,900 shares during the last quarter. 92.42% of the stock is currently owned by institutional investors.
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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