Havens Advisors adds Infoblox Inc (BLOX) to its portfolio

Infoblox Inc (BLOX) : Havens Advisors added new position in Infoblox Inc during the most recent quarter end. The investment management firm now holds 50,477 shares of Infoblox Inc which is valued at $1,326,536 , the company said in a statement filed on Oct 13, 2016 with the SEC.Infoblox Inc makes up approximately 1.06% of Havens Advisors’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in BLOX by selling 466 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 15,556 shares of BLOX which is valued at $409,434.Cutler Group Lp boosted its stake in BLOX in the latest quarter, The investment management firm added 7,267 additional shares and now holds a total of 10,099 shares of Infoblox Inc which is valued at $266,210. Infoblox Inc makes up approx 0.02% of Cutler Group Lp’s portfolio. Simplex Trading sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 3,349 shares of BLOX which is valued $88,146.

Infoblox Inc closed down -0.04 points or -0.15% at $26.32 with 24,44,899 shares getting traded on Tuesday. Post opening the session at $26.35, the shares hit an intraday low of $26.32 and an intraday high of $26.36 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Infoblox Inc. Infoblox Inc was Downgraded by Guggenheim to ” Neutral” on Sep 20, 2016. Deutsche Bank Upgraded Infoblox Inc on Sep 20, 2016 to ” Hold”, Price Target of the shares are set at $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.

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