Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 16,964 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $26.34, for a total value of $446,831.76. Following the transaction, the executive vice president now directly owns 126,494 shares in the company, valued at approximately $3,331,851.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Scott Fulton also recently made the following trade(s):
- On Friday, September 16th, Scott Fulton sold 5,492 shares of Infoblox stock. The stock was sold at an average price of $22.85, for a total value of $125,492.20.
Infoblox Inc. (NYSE:BLOX) opened at 26.36 on Tuesday. The stock has a 50 day moving average price of $21.90 and a 200 day moving average price of $18.68. Infoblox Inc. has a 52-week low of $13.22 and a 52-week high of $26.41. The firm’s market cap is $1.47 billion.
Infoblox (NYSE:BLOX) last issued its earnings results on Wednesday, August 31st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company earned $86.30 million during the quarter, compared to the consensus estimate of $84.51 million. Infoblox had a negative return on equity of 4.71% and a negative net margin of 3.83%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Equities analysts predict that Infoblox Inc. will post $0.66 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in BLOX. Norges Bank acquired a new position in shares of Infoblox during the fourth quarter valued at $9,762,000. Prudential Financial Inc. acquired a new position in shares of Infoblox during the first quarter valued at $477,000. Algert Global LLC boosted its position in shares of 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. BlackRock Group LTD boosted its position in shares of 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. Finally, Goldman Sachs Group Inc. boosted its position in shares of Infoblox by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 315,844 shares of the company’s stock valued at $5,401,000 after buying an additional 105,295 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. Guggenheim downgraded Infoblox from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 20th. Deutsche Bank AG raised Infoblox from a “sell” rating to a “hold” rating and set a $13.00 price target on the stock in a research report on Tuesday, September 20th. JMP Securities downgraded Infoblox to a “market perform” rating in a research report on Monday, September 19th. William Blair downgraded Infoblox from an “outperform” rating to a “market perform” rating in a research report on Monday, September 19th. Finally, Piper Jaffray Cos. downgraded Infoblox from an “overweight” rating to a “neutral” rating in a research report on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Infoblox presently has a consensus rating of “Hold” and a consensus target price of $22.16.
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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