Infoblox Inc. (BLOX) EVP Sells $208,928.55 in Stock
Infoblox Inc. (NYSE:BLOX) EVP Scott Fulton sold 7,935 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $26.33, for a total value of $208,928.55. Following the transaction, the executive vice president now directly owns 101,595 shares of the company’s stock, valued at approximately $2,674,996.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Scott Fulton also recently made the following trade(s):
- On Friday, September 23rd, Scott Fulton sold 16,964 shares of Infoblox stock. The shares were sold at an average price of $26.34, for a total value of $446,831.76.
- On Friday, September 16th, Scott Fulton sold 5,492 shares of Infoblox stock. The shares were sold at an average price of $22.85, for a total value of $125,492.20.
Infoblox Inc. (NYSE:BLOX) traded up 0.11% during midday trading on Tuesday, reaching $26.35. The company’s stock had a trading volume of 1,891,378 shares. Infoblox Inc. has a one year low of $13.22 and a one year high of $26.41. The stock’s 50 day moving average price is $24.90 and its 200-day moving average price is $19.82. The stock’s market cap is $1.47 billion.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/18/infoblox-inc-blox-evp-sells-208928-55-in-stock.html
Infoblox (NYSE:BLOX) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The business had revenue of $86.30 million for the quarter, compared to the consensus estimate of $84.51 million. Infoblox had a negative return on equity of 4.92% and a negative net margin of 3.83%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, analysts forecast that Infoblox Inc. will post $0.66 EPS for the current fiscal year.
Several analysts have commented on the company. Piper Jaffray Cos. downgraded Infoblox from an “overweight” rating to a “neutral” rating in a research note on Monday, September 19th. Zacks Investment Research upgraded Infoblox from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. Needham & Company LLC reiterated a “hold” rating on shares of Infoblox in a research note on Saturday, September 3rd. Deutsche Bank AG upgraded Infoblox from a “sell” rating to a “hold” rating and set a $13.00 target price on the stock in a research note on Tuesday, September 20th. Finally, JMP Securities downgraded Infoblox to a “market perform” rating in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.78.
Institutional investors have recently modified their holdings of the company. Elk Creek Partners LLC increased its position in shares of Infoblox by 36.4% in the second quarter. Elk Creek Partners LLC now owns 1,044,240 shares of the company’s stock worth $19,590,000 after buying an additional 278,944 shares during the last quarter. Falcon Point Capital LLC increased its position in shares of Infoblox by 1.5% in the second quarter. Falcon Point Capital LLC now owns 483,403 shares of the company’s stock worth $9,069,000 after buying an additional 7,288 shares during the last quarter. Seven Bridges Advisors LLC acquired a new position in shares of Infoblox during the second quarter worth about $153,000. Jacobs Levy Equity Management Inc. increased its position in shares of Infoblox by 63.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 232,717 shares of the company’s stock worth $3,979,000 after buying an additional 90,114 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Infoblox by 2.6% in the first quarter. Renaissance Technologies LLC now owns 996,400 shares of the company’s stock worth $17,038,000 after buying an additional 24,900 shares during the last quarter. 93.42% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Infoblox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infoblox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.