Scott Fulton Sells 16,964 Shares of Infoblox Inc. (BLOX) Stock
Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 16,964 shares of the business’s stock in a transaction dated Friday, September 23rd. The stock was sold at an average price of $26.34, for a total value of $446,831.76. Following the sale, the executive vice president now owns 126,494 shares in the company, valued at approximately $3,331,851.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
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 Thursday. The firm’s market cap is $1.47 billion. Infoblox Inc. has a 12-month low of $13.22 and a 12-month high of $26.41. The company has a 50-day moving average price of $22.33 and a 200-day moving average price of $18.82.
Infoblox (NYSE:BLOX) last issued its earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $86.30 million for the quarter, compared to analysts’ expectations of $84.51 million. During the same quarter last year, the business earned $0.12 earnings per share. The company’s revenue was down .8% compared to the same quarter last year. On average, analysts predict that Infoblox Inc. will post $0.66 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the company. Marshall Wace LLP boosted 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. Jet Capital Investors L P bought a new position in shares of Infoblox during the second quarter worth about $14,338,000. Norges Bank bought a new position in shares of Infoblox during the fourth quarter worth about $9,762,000. Vista Equity Partners Management LLC boosted its position in shares of Infoblox by 14.3% in the second quarter. Vista Equity Partners Management LLC now owns 2,718,943 shares of the company’s stock worth $51,007,000 after buying an additional 340,000 shares during the period. Finally, Elk Creek Partners LLC boosted 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. Hedge funds and other institutional investors own 92.77% of the company’s stock.
BLOX has been the topic of a number of research reports. Zacks Investment Research downgraded Infoblox from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. JMP Securities downgraded Infoblox to a “market perform” rating in a report on Monday, September 19th. Cowen and Company reiterated an “outperform” rating and issued a $28.00 target price on shares of Infoblox in a report on Wednesday, August 31st. William Blair downgraded Infoblox from an “outperform” rating to a “market perform” rating in a report on Monday, September 19th. Finally, Piper Jaffray Cos. downgraded 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, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average 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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