Infoblox Inc (BLOX) : Falcon Point Capital scooped up 413,587 additional shares in Infoblox Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 740,886 shares of Infoblox Inc which is valued at $12 Million.Infoblox Inc makes up approximately 2.83% of Falcon Point Capital’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in BLOX during the Q4 period, The investment management firm added 64,881 additional shares and now holds a total of 139,673 shares of Infoblox Inc which is valued at $2.3 Million. Ascend Capital sold out all of its stake in BLOX during the fourth quarter. The investment firm sold 1,400,000 shares of BLOX which is valued $22.8 Million. Btg Pactual Global Asset Management Ltd sold out all of its stake in BLOX during the fourth quarter. The investment firm sold 350,000 shares of BLOX which is valued $5.7 Million.Cadian Capital Management Lp reduced its stake in BLOX by selling 269,423 shares or 5.06% during the fourth quarter. The Hedge Fund company now holds 5,059,088 shares of BLOX which is valued at $82.2 Million. Infoblox Inc makes up approx 3.51% of Cadian Capital Management Lp’s portfolio. Mackenzie Financial Corp sold out all of its stake in BLOX during the fourth quarter. The investment firm sold 11,670 shares of BLOX which is valued $189,638.
On the company’s financial health, Infoblox Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.16. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $95.63 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Many Wall Street Analysts have commented on Infoblox Inc. Infoblox Inc was Downgraded by Needham to ” Hold” on Nov 24, 2015. Shares were Downgraded by Deutsche Bank on Nov 24, 2015 to ” Sell” and Lowered the Price Target to $ 13 from a previous price target of $20 .
Infoblox Inc closed down -0.07 points or -0.41% at $17.06 with 8,01,908 shares getting traded on Wednesday. Post opening the session at $17.15, the shares hit an intraday low of $16.8 and an intraday high of $17.3 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.