Published On: Tue, Sep 20th, 2016

Insider Selling: Infoblox Inc. (BLOX) EVP Sells 5,492 Shares of Stock

Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 5,492 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $22.85, for a total transaction of $125,492.20. Following the completion of the transaction, the executive vice president now owns 121,986 shares in the company, valued at $2,787,380.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Infoblox Inc. (NYSE:BLOX) opened at 26.35 on Tuesday. The company’s market cap is $1.47 billion. Infoblox Inc. has a one year low of $13.22 and a one year high of $26.35. The stock has a 50 day moving average of $20.78 and a 200-day moving average of $18.30.
Infoblox (NYSE:BLOX) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. Infoblox had a negative net margin of 3.83% and a negative return on equity of 4.71%. The firm earned $86.30 million during the quarter, compared to analyst estimates of $84.51 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Infoblox Inc. will post $0.66 EPS for the current fiscal year.

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A number of research firms have weighed in on BLOX. Piper Jaffray Cos. cut shares of Infoblox from an “overweight” rating to a “neutral” rating in a research note on Monday. William Blair cut shares of Infoblox from an “outperform” rating to a “market perform” rating in a research note on Monday. JMP Securities cut shares of Infoblox to a “market perform” rating in a research note on Monday. Zacks Investment Research upgraded shares of Infoblox from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Infoblox in a research note on Saturday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Infoblox currently has a consensus rating of “Hold” and a consensus target price of $22.07.
Several institutional investors have recently bought and sold shares of BLOX. Rhumbline Advisers increased its position in Infoblox by 1.4% in the second quarter. Rhumbline Advisers now owns 57,283 shares of the company’s stock worth $1,075,000 after buying an additional 802 shares during the last quarter. Teacher Retirement System of Texas increased its position in Infoblox by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 7,936 shares of the company’s stock worth $149,000 after buying an additional 961 shares during the last quarter. Alliancebernstein L.P. increased its position in Infoblox by 1.3% in the second quarter. Alliancebernstein L.P. now owns 88,900 shares of the company’s stock worth $1,668,000 after buying an additional 1,100 shares during the last quarter. Legal & General Group Plc increased its position in Infoblox by 25.8% in the first quarter. Legal & General Group Plc now owns 16,022 shares of the company’s stock worth $272,000 after buying an additional 3,289 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its position in Infoblox by 2.8% in the second quarter. Weiss Multi Strategy Advisers LLC now owns 205,506 shares of the company’s stock worth $3,855,000 after buying an additional 5,506 shares during the last quarter. 91.25% of the stock is currently owned by institutional investors.
Infoblox Company Profile
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.

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