The stock of Infoblox Inc (NYSE:BLOX) hit a new 52-week high and has $33.36 target or 26.00% above today’s $26.48 share price. The 7 months bullish chart indicates low risk for the $1.47B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $33.36 price target is reached, the company will be worth $382.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 261,247 shares traded hands. Infoblox Inc (NYSE:BLOX) has risen 55.33% since March 30, 2016 and is uptrending. It has outperformed by 52.32% the S&P500.
Infoblox Inc (NYSE:BLOX) Ratings Coverage
Out of 11 analysts covering Infoblox (NYSE:BLOX), 4 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 36% are positive. $37 is the highest target while $13 is the lowest. The $22.50 average target is -15.03% below today’s ($26.48) stock price. Infoblox has been the topic of 20 analyst reports since August 28, 2015 according to StockzIntelligence Inc. William Blair upgraded the shares of BLOX in a report on Tuesday, September 1 to “Outperform” rating. Guggenheim downgraded the stock to “Neutral” rating in Tuesday, September 20 report. Needham maintained the stock with “Buy” rating in Friday, September 4 report. Cowen & Co maintained Infoblox Inc (NYSE:BLOX) on Thursday, May 26 with “Outperform” rating. The stock of Infoblox Inc (NYSE:BLOX) has “Sell” rating given on Tuesday, November 24 by Deutsche Bank. On Tuesday, September 22 the stock rating was initiated by Stifel Nicolaus with “Buy”. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, September 22 report. Sterne Agee CRT upgraded the shares of BLOX in a report on Friday, October 16 to “Buy” rating. The company was downgraded on Thursday, October 6 by Stephens. On Tuesday, September 20 the stock rating was upgraded by Deutsche Bank to “Hold”.
According to Zacks Investment Research, “Infoblox Inc. operates as an automated network controller and provides an appliance-based solution that enables dynamic networks and next-generation data centers. It offers two families of products: Trinzic DDI and NetMRI. The Trinzic DDI product family enables real-time DNS, DHCP and IPAM and automates key network control processes. The NetMRI product family automates network change and configuration management processes. The Company’s network functions include Internet protocol address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. Infoblox Inc. is headquartered in Santa Clara, California.”
Insitutional Activity: The institutional sentiment decreased to 0.73 in 2016 Q2. Its down 0.23, from 0.96 in 2016Q1. The ratio worsened, as 31 funds sold all Infoblox Inc 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.
Jpmorgan Chase And Com has invested 0% of its portfolio in Infoblox Inc (NYSE:BLOX). Nationwide Fund holds 0% of its portfolio in Infoblox Inc (NYSE:BLOX) for 37,550 shares. Financial Bank Of America De owns 76,862 shares or 0% of their US portfolio. Tudor Inv Et Al last reported 0.01% of its portfolio in the stock. Swiss Savings Bank reported 92,400 shares or 0% of all its holdings. Ubs Oconnor Lc accumulated 47,400 shares or 0% of the stock. The New York-based Blackrock has invested 0% in Infoblox Inc (NYSE:BLOX). Susquehanna Group Inc Limited Liability Partnership, a Pennsylvania-based fund reported 51,648 shares. Tradewinds Glob Invsts Ltd Liability Corp holds 0.44% of its portfolio in Infoblox Inc (NYSE:BLOX) for 359,345 shares. Principal Fincl Group Incorporated accumulated 0% or 12,338 shares. Ladenburg Thalmann Financial Svcs Inc has 163 shares for 0% of their US portfolio. Granite Invest Prtn Lc last reported 0.08% of its portfolio in the stock. New York State Common Retirement Fund, a New York-based fund reported 77,808 shares. The New Jersey-based Jacobs Levy Equity Management has invested 0.09% in Infoblox Inc (NYSE:BLOX). Menta Cap Ltd Liability Company has 14,006 shares for 0.04% of their US portfolio.
Insider Transactions: Since June 16, 2016, the stock had 0 buys, and 6 sales for $1.37 million net activity. $208,929 worth of shares were sold by Fulton Scott on Monday, October 17. 2,000 shares were sold by Gerson Fred, worth $44,000. 14,358 shares were sold by ANDERSEN JESPER, worth $328,080.
Another recent and important Infoblox Inc (NYSE:BLOX) news was published by Nasdaq.com which published an article titled: “Infoblox Appoints Bill McCarthy as EVP of Worldwide Field Operations” on October 10, 2016.
BLOX Company Profile
Infoblox Inc. (Infoblox), incorporated on May 23, 2003, provides a family of enterprise and service provider-class solutions to automate management of the critical network infrastructure services needed for connections between applications, devices and users. The Firm also provides network control, network automation and domain name system (DNS), security through appliance solutions that enable and secure networks and data centers. The Company’s solutions combine Internet protocol (IP) address management, automation of key network control, change and configuration management processes and DNS infrastructure security in purpose-built physical and virtual appliances. It offers four product families: Core Network Services, Security, Cloud Network Automation, and Network Change and Configuration Management. It automates network functions, such as IP address management, device configuration, compliance, network discovery, policy implementation, security and monitoring. It operates in Americas; Europe, the Middle East and Africa, and Asia Pacific.
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