Infoblox Inc (BLOX) Files Form 4 Insider Selling : Scott Fulton Sells 16,964 Shares

Infoblox Inc (BLOX): Scott Fulton , EVP, Product Strategy of Infoblox Inc sold 16,964 shares on Sep 23, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $26.34 per share for a total value of $446,831.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 19, 2016, Scott Fulton (EVP, Product Strategy) sold 5,492 shares at $22.85 per share price.On Sep 19, 2016, Jesper Andersen (President and CEO) sold 14,358 shares at $22.85 per share price.Also, On Sep 2, 2016, Fred Gerson (director) sold 2,000 shares at $22.00 per share price.On Mar 17, 2016, Thorsten Freitag (EVP, Worldwide Field Ops) sold 9,726 shares at $15.30 per share price.

Shares of Infoblox Inc (BLOX) ended Thursday, Sep 22, 2016 session in red amid volatile trading. The shares closed down -0.08 points or -0.30% at $26.32 with 20,24,514 shares getting traded. Post opening the session at $26.4, the shares hit an intraday low of $26.32 and an intraday high of $26.4 and the price vacillated in this range throughout the day. The company has a market cap of $1,498 M and the number of outstanding shares has been calculated to be 5,69,01,643 shares. The 52-week high of Infoblox Inc is $26.41 and the 52-week low is $13.22.

Infoblox Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Infoblox Inc is Downgraded by Guggenheim to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Sep 20, 2016.Infoblox Inc is Upgraded by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $13. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Sep 20, 2016.

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. The Company’s functions include delivering critical network protocol services such as dynamic host configuration protocol (DHCP) network change and configuration management and network infrastructure security. The Company offers four product families: Core Network Services Infrastructure Security Cloud Network Automation and Network Change and Configuration Management.

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