Infoblox Inc (BLOX) : Falcon Point Capital scooped up 7,288 additional shares in Infoblox Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 483,403 shares of Infoblox Inc which is valued at $9,208,827.Infoblox Inc makes up approximately 1.54% of Falcon Point Capital’s portfolio.
Other Hedge Funds, Including , American Century Companies Inc sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 25,425 shares of BLOX which is valued $484,346. Seven Bridges Advisors added BLOX to its portfolio by purchasing 8,135 company shares during the most recent quarter which is valued at $154,972. Infoblox Inc makes up approx 0.13% of Seven Bridges Advisors’s portfolio.Mazama Capital Management Inc reduced its stake in BLOX by selling 28,775 shares or 92.04% in the most recent quarter. The Hedge Fund company now holds 2,487 shares of BLOX which is valued at $47,924. Infoblox Inc makes up approx 0.01% of Mazama Capital Management Inc’s portfolio. Bnp Paribas Arbitrage Sa added BLOX to its portfolio by purchasing 2,832 company shares during the most recent quarter which is valued at $54,573.
Infoblox Inc opened for trading at $18.72 and hit $18.82 on the upside on Friday, eventually ending the session at $18.72, with a gain of 0.16% or 0.03 points. The heightened volatility saw the trading volume jump to 6,15,045 shares. Company has a market cap of $1,065 M.
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.Shares were Reiterated by Deutsche Bank on May 10, 2016 to “Sell” and Lowered the Price Target to $ 12 from a previous price target of $13 .
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.