BNP Paribas Arbitrage SA raised its position in Infinera Corporation (NASDAQ:INFN) by 521.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,546 shares of the communications equipment provider’s stock after acquiring an additional 15,562 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Infinera Corporation were worth $198,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in Infinera Corporation by 13.7% in the second quarter. US Bancorp DE now owns 9,843 shares of the communications equipment provider’s stock worth $105,000 after acquiring an additional 1,186 shares during the last quarter. Summit Securities Group LLC purchased a new position in Infinera Corporation in the second quarter worth approximately $109,000. Karp Capital Management Corp purchased a new position in Infinera Corporation in the first quarter worth approximately $106,000. Teacher Retirement System of Texas lifted its stake in Infinera Corporation by 3.6% in the second quarter. Teacher Retirement System of Texas now owns 11,858 shares of the communications equipment provider’s stock worth $127,000 after acquiring an additional 409 shares during the last quarter. Finally, First National Bank of Omaha lifted its stake in Infinera Corporation by 31.0% in the second quarter. First National Bank of Omaha now owns 13,255 shares of the communications equipment provider’s stock worth $141,000 after acquiring an additional 3,135 shares during the last quarter. Institutional investors own 86.67% of the company’s stock.

Infinera Corporation (NASDAQ INFN) opened at 8.45 on Monday. The firm’s market capitalization is $1.25 billion. Infinera Corporation has a one year low of $7.23 and a one year high of $12.50. The stock has a 50 day moving average of $8.84 and a 200-day moving average of $10.10.

Infinera Corporation (NASDAQ:INFN) last released its earnings results on Thursday, August 3rd. The communications equipment provider reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.01). The business had revenue of $176.28 million for the quarter, compared to analysts’ expectations of $181.16 million. Infinera Corporation had a negative net margin of 18.18% and a negative return on equity of 12.39%. The business’s quarterly revenue was down 31.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 earnings per share. On average, equities analysts predict that Infinera Corporation will post ($0.56) EPS for the current year.

A number of research analysts recently issued reports on the stock. B. Riley upgraded shares of Infinera Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $9.50 to $14.00 in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Infinera Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Infinera Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $13.00 price target on shares of Infinera Corporation in a research note on Thursday, August 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $10.00 price target on shares of Infinera Corporation in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.82.

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In related news, President David F. Welch sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $9.29, for a total transaction of $185,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President David F. Welch sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

About Infinera Corporation

Infinera Corporation provides optical transport networking equipment, software and services to telecommunications service providers, Internet content providers (ICPs), cable providers, wholesale and enterprise carriers, research and education institutions, enterprise customers and government entities across the globe.

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Institutional Ownership by Quarter for Infinera Corporation (NASDAQ:INFN)

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