Handelsbanken Fonder AB Has $225,000 Stock Holdings in Infinera Co. (NASDAQ:INFN)

Handelsbanken Fonder AB increased its stake in Infinera Co. (NASDAQ:INFN) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,406 shares of the communications equipment provider’s stock after acquiring an additional 5,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Infinera were worth $225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. raised its stake in Infinera by 70.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 29,003 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 11,974 shares during the period. Brown Advisory Inc. increased its stake in Infinera by 1.7% during the 3rd quarter. Brown Advisory Inc. now owns 13,909,389 shares of the communications equipment provider’s stock valued at $58,141,000 after purchasing an additional 237,626 shares in the last quarter. Advisor Partners II LLC acquired a new position in Infinera during the third quarter worth $163,000. Inspire Investing LLC bought a new position in shares of Infinera in the third quarter valued at $307,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Infinera during the third quarter valued at about $915,000. Institutional investors and hedge funds own 97.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INFN shares. B. Riley reaffirmed a “buy” rating and issued a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. Needham & Company LLC initiated coverage on Infinera in a research report on Monday, April 22nd. They issued a “buy” rating and a $10.00 price target for the company. StockNews.com cut Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $7.00 target price on shares of Infinera in a research note on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Infinera presently has an average rating of “Hold” and an average target price of $6.85.

Infinera Stock Performance

Shares of INFN stock opened at $5.24 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.95 and a current ratio of 1.69. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -174.67 and a beta of 1.63. Infinera Co. has a 52 week low of $2.82 and a 52 week high of $6.62. The firm’s 50-day simple moving average is $5.14 and its two-hundred day simple moving average is $4.66.

Infinera (NASDAQ:INFN) last posted its quarterly earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 EPS for the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%. The company had revenue of $392.37 million for the quarter.

Infinera Company Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.