JMP Securities downgraded shares of Infoblox Inc. (NYSE:BLOX) to a market perform rating in a report released on Monday morning.

Analyst Recommendations for Infoblox (NYSE:BLOX)

A number of other research analysts also recently commented on the stock. Piper Jaffray Cos. downgraded shares of Infoblox from an overweight rating to a neutral rating in a research note on Monday. Zacks Investment Research downgraded shares of Infoblox from a hold rating to a sell rating in a research note on Thursday, May 26th. Needham & Company LLC reaffirmed a hold rating on shares of Infoblox in a research note on Saturday, September 3rd. Cowen and Company reaffirmed an outperform rating and set a $28.00 price objective (down previously from $32.00) on shares of Infoblox in a research note on Thursday, May 26th. Finally, William Blair downgraded shares of Infoblox from an outperform rating to a market perform rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $22.07.

Infoblox (NYSE:BLOX) opened at 26.35 on Monday. Infoblox has a 52 week low of $13.22 and a 52 week high of $26.35. The firm has a 50 day moving average of $20.78 and a 200-day moving average of $18.30. The stock’s market capitalization is $1.47 billion.

Infoblox (NYSE:BLOX) last announced its earnings results on Wednesday, August 31st. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $84.51 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Infoblox will post $0.66 EPS for the current year.

In other news, insider Jesper Andersen sold 14,358 shares of the stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $22.85, for a total transaction of $328,080.30. Following the completion of the transaction, the insider now directly owns 294,738 shares in the company, valued at approximately $6,734,763.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Scott Fulton sold 5,492 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $22.85, for a total value of $125,492.20. Following the sale, the executive vice president now directly owns 121,986 shares in the company, valued at $2,787,380.10. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Several large investors have recently bought and sold shares of BLOX. Bank of Montreal Can purchased a new stake in Infoblox during the second quarter valued at about $244,000. Old Mutual Global Investors UK Ltd. purchased a new stake in Infoblox during the second quarter valued at about $3,053,000. Royal Bank of Canada raised its stake in Infoblox by 3,797.7% in the first quarter. Royal Bank of Canada now owns 20,151 shares of the company’s stock valued at $344,000 after buying an additional 19,634 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Infoblox by 63.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 232,717 shares of the company’s stock valued at $3,979,000 after buying an additional 90,114 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Infoblox by 25.8% in the first quarter. Legal & General Group Plc now owns 16,022 shares of the company’s stock valued at $272,000 after buying an additional 3,289 shares in the last quarter. 91.25% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:BLOX

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