Hound Partners buys $80,981,080 stake in Infoblox Inc (BLOX)

Infoblox Inc (BLOX) : Hound Partners scooped up 2,243,187 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 4,182,907 shares of Infoblox Inc which is valued at $80,981,080.Infoblox Inc makes up approximately 2.48% of Hound Partners’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management reduced its stake in BLOX by selling 50,053 shares or 55.17% in the most recent quarter. The Hedge Fund company now holds 40,675 shares of BLOX which is valued at $787,468.Blackrock Fund Advisors reduced its stake in BLOX by selling 77,251 shares or 5.09% in the most recent quarter. The Hedge Fund company now holds 1,441,424 shares of BLOX which is valued at $27,905,969. Infoblox Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Blackrock Japan Ltd reduced its stake in BLOX by selling 2,843 shares or 82.62% in the most recent quarter. The Hedge Fund company now holds 598 shares of BLOX which is valued at $11,577. Fox Run Management L.l.c. sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 11,400 shares of BLOX which is valued $221,730.

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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