Dorsal Capital Management buys $60,016,000 stake in Infoblox Inc (BLOX)

Infoblox Inc (BLOX) : Dorsal Capital Management scooped up 250,000 additional shares in Infoblox Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,100,000 shares of Infoblox Inc which is valued at $60,016,000.Infoblox Inc makes up approximately 4.95% of Dorsal Capital Management’s portfolio.

Other Hedge Funds, Including , Convergence Investment Partners sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 98,848 shares of BLOX which is valued $1,913,697.Acrospire Investment Management reduced its stake in BLOX by selling 2,800 shares or 51.85% in the most recent quarter. The Hedge Fund company now holds 2,600 shares of BLOX which is valued at $48,698. Infoblox Inc makes up approx 0.03% of Acrospire Investment Management’s portfolio.Quantitative Investment Management boosted its stake in BLOX in the latest quarter, The investment management firm added 27,400 additional shares and now holds a total of 48,700 shares of Infoblox Inc which is valued at $899,489. Infoblox Inc makes up approx 0.04% of Quantitative Investment Management’s portfolio.

Infoblox Inc opened for trading at $21.66 and hit $22.48 on the upside on Thursday, eventually ending the session at $22.14, with a gain of 3.17% or 0.68 points. The heightened volatility saw the trading volume jump to 33,33,077 shares. Company has a market cap of $1,260 M.

On the company’s financial health, Infoblox Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.06. The company had revenue of $86.30 million for the quarter, compared to analysts expectations of $84.46 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.

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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