BLOX has been the topic of several other research reports. Guggenheim cut Infoblox from a buy rating to a neutral rating in a research note on Tuesday, September 20th. DA Davidson reiterated an underperform rating and issued a $18.00 price target on shares of Infoblox in a research note on Thursday, August 25th. Cowen and Company reiterated an outperform rating and issued a $28.00 price target on shares of Infoblox in a research note on Wednesday, August 31st. Zacks Investment Research upgraded Infoblox from a hold rating to a buy rating and set a $21.00 price target on the stock in a research note on Tuesday, August 2nd. Finally, William Blair cut Infoblox from an outperform rating to a market perform rating in a research note on Monday, September 19th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Infoblox currently has an average rating of Hold and a consensus target price of $22.16.
Infoblox (NYSE:BLOX) opened at 26.32 on Thursday. The stock’s market cap is $1.46 billion. The company’s 50-day moving average price is $24.02 and its 200-day moving average price is $19.48. Infoblox has a 1-year low of $13.22 and a 1-year high of $26.41.
Infoblox (NYSE:BLOX) last released 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 4.92% and a negative net margin of 3.83%. The business had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.51 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. Analysts predict that Infoblox will post $0.66 EPS for the current year.
In other news, EVP Scott Fulton sold 16,964 shares of the company’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 transaction of $446,831.76. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jesper Andersen sold 14,358 shares of the company’s 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 transaction, the insider now directly owns 294,738 shares of the company’s stock, valued at $6,734,763.30. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of BLOX. Vista Equity Partners Management LLC raised its position in Infoblox by 14.3% in the second quarter. Vista Equity Partners Management LLC now owns 2,718,943 shares of the company’s stock valued at $51,007,000 after buying an additional 340,000 shares during the period. Marshall Wace LLP raised its position in shares of Infoblox by 4,496.8% in the second quarter. Marshall Wace LLP now owns 1,506,586 shares of the company’s stock worth $28,263,000 after buying an additional 1,473,811 shares during the period. Elk Creek Partners LLC raised its position in shares of Infoblox by 36.4% in the second quarter. Elk Creek Partners LLC now owns 1,044,240 shares of the company’s stock worth $11,462,000 after buying an additional 278,944 shares during the period. Renaissance Technologies LLC raised its position in shares of 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 period. Finally, Jet Capital Investors L P acquired a new position in shares of Infoblox during the second quarter worth about $14,338,000. 93.41% of the stock is 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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