Penserra Capital Management Lowers stake in Infoblox Inc (BLOX)

Infoblox Inc (BLOX) : Penserra Capital Management reduced its stake in Infoblox Inc by 13.5% during the most recent quarter end. The investment management company now holds a total of 1,571,888 shares of Infoblox Inc which is valued at $30,054,499 after selling 245,308 shares in Infoblox Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Infoblox Inc makes up approximately 3.89% of Penserra Capital Management’s portfolio.

Other Hedge Funds, Including , Paradigm Capital Management Incny boosted its stake in BLOX in the latest quarter, The investment management firm added 14,000 additional shares and now holds a total of 52,500 shares of Infoblox Inc which is valued at $983,325. Infoblox Inc makes up approx 0.11% of Paradigm Capital Management Incny’s portfolio. Hap Trading added BLOX to its portfolio by purchasing 52,597 company shares during the most recent quarter which is valued at $984,616. Infoblox Inc makes up approx 0.08% of Hap Trading’s portfolio.Cowen Prime Services boosted its stake in BLOX in the latest quarter, The investment management firm added 9,200 additional shares and now holds a total of 21,500 shares of Infoblox Inc which is valued at $402,480. Infoblox Inc makes up approx 0.19% of Cowen Prime Services’s portfolio. Fortaleza Asset Management Inc sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 7,505 shares of BLOX which is valued $140,494. Msi Financial Services Inc added BLOX to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $800.

Infoblox Inc closed down -0.15 points or -0.75% at $19.79 with 3,90,543 shares getting traded on Wednesday. Post opening the session at $19.96, the shares hit an intraday low of $19.76 and an intraday high of $20.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Infoblox Inc reported $0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.05. The company had revenue of $81.96 million for the quarter, compared to analysts expectations of $81.44 million. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Infoblox Inc. DA Davidson Downgraded Infoblox Inc on May 16, 2016 to ” Underperform”, Price Target of the shares are set at $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. The Company’s functions include delivering critical network protocol services such as dynamic host configuration protocol (DHCP) network change and configuration management and network infrastructure security. The Company offers four product families: Core Network Services Infrastructure Security Cloud Network Automation and Network Change and Configuration Management.

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