Falcon Point Capital LLC Decreased Stake in Infoblox INC (NYSE:BLOX) by $4.50 Million as Shares Declined


Falcon Point Capital Llc decreased its stake in Infoblox Inc (NYSE:BLOX) by 35.74% based on its latest 2016Q2 regulatory filing with the SEC. Falcon Point Capital Llc sold 264,771 shares as the company’s stock declined 6.46% while stock markets rallied. The institutional investor held 476,115 shares of the edp services company at the end of 2016Q2, valued at $8.14M, down from 740,886 at the end of the previous reported quarter. Falcon Point Capital Llc who had been investing in Infoblox Inc for a number of months, seems to be less bullish one the $1.29 billion market cap company. The stock is down 1.23% or $0.28 after the negative news, hitting $22.54 per share. About 140,194 shares traded hands. Infoblox Inc (NYSE:BLOX) has risen 54.29% since February 8, 2016 and is uptrending. It has outperformed by 37.81% the S&P500.

Falcon Point Capital Llc, which manages about $364.50M and $579.45M US Long portfolio, upped its stake in Ligand Pharmaceuticals Inc. (NASDAQ:LGND) by 41,959 shares to 102,263 shares, valued at $10.95 million in 2016Q2, according to the filing. It also increased its holding in Lasalle Hotel Properties (NYSE:LHO) by 122,591 shares in the quarter, for a total of 482,257 shares, and has risen its stake in Marketo Inc. (NASDAQ:MKTO).

Falcon Point Capital Llc is a California-based institutional investor with more than $364.50 million AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Falcon Point Capital latest Adv, the fund reported to have 7 full and part-time employees. Among which 4 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

The institutional sentiment decreased to 0.73 in Q2 2016. Its down 0.23, from 0.96 in 2016Q1. The ratio dived, as 31 funds sold all BLOX shares owned while 52 reduced positions. 31 funds bought stakes while 30 increased positions. They now own 47.90 million shares or 3.64% less from 49.71 million shares in 2016Q1.

Cadian Capital Management Lp holds 2.1% of its portfolio in BLOX for 2.03 million shares. Hound Partners Llc owns 4.18 million shares or 2.09% of their US portfolio. Moreover, Falcon Point Capital Llc has 1.57% invested in the company for 483,403 shares. The California-based Hawk Ridge Capital Management Lp has invested 1.56% in the stock. Elk Creek Partners Llc, a Colorado-based fund reported 1.04 million shares.

Out of 8 analysts covering Infoblox (NYSE:BLOX), 5 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 63% are positive. Infoblox has been the topic of 11 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock on May 26 with “Outperform” rating.

Infoblox Inc. provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The company has a market cap of $1.29 billion. The Firm provides network control, network automation and domain name system security though appliance solutions. It currently has negative earnings. The Company’s solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS infrastructure security in purpose-built physical and virtual appliances.

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