Infoblox Inc. (NYSE:BLOX) Given Average Rating of “Hold” by Brokerages
Infoblox Inc. (NYSE:BLOX) has earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.14.
Several brokerages have recently commented on BLOX. Guggenheim lowered Infoblox from a “buy” rating to a “neutral” rating in a research note 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 note on Tuesday, September 20th. JMP Securities lowered Infoblox to a “market perform” rating in a research note on Monday, September 19th. William Blair lowered Infoblox from an “outperform” rating to a “market perform” rating in a research note on Monday, September 19th. Finally, Piper Jaffray Cos. lowered Infoblox from an “overweight” rating to a “neutral” rating in a research note on Monday, September 19th.
Infoblox (NYSE:BLOX) opened at 26.37 on Monday. The firm’s 50-day moving average is $22.74 and its 200 day moving average is $18.95. The company’s market cap is $1.47 billion. Infoblox has a 1-year low of $13.22 and a 1-year high of $26.41.
Infoblox (NYSE:BLOX) last announced its quarterly 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. 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 analyst estimates of $84.51 million. During the same quarter in the prior year, the company posted $0.12 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. Analysts predict that Infoblox will post $0.66 earnings per share for the current fiscal year.
In related news, insider Jesper Andersen sold 14,358 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $22.85, for a total value of $328,080.30. Following the completion of the sale, the insider now directly owns 294,738 shares of the company’s stock, valued at approximately $6,734,763.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott Fulton sold 16,964 shares of the company’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $26.34, for a total value of $446,831.76. Following the completion of the sale, the executive vice president now directly owns 126,494 shares of the company’s stock, valued at $3,331,851.96. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Infoblox during the fourth quarter worth about $9,762,000. Prudential Financial Inc. purchased a new stake in shares of Infoblox during the first quarter worth about $477,000. Algert Global LLC boosted its stake in shares of Infoblox by 30.4% in the first quarter. Algert Global LLC now owns 46,004 shares of the company’s stock worth $787,000 after buying an additional 10,734 shares during the period. BlackRock Group LTD boosted its stake in shares of 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 period. Finally, Goldman Sachs Group Inc. boosted its stake 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 worth $5,401,000 after buying an additional 105,295 shares during the period. 92.77% of the stock is owned by hedge funds and other 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.
Receive News & Stock Ratings for Infoblox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infoblox Inc. and related stocks with our FREE daily email newsletter.