Penserra Capital Management Lowers stake in Infoblox Inc (BLOX)

Infoblox Inc (BLOX) : Penserra Capital Management reduced its stake in Infoblox Inc by 11.89% during the most recent quarter end. The investment management company now holds a total of 1,817,196 shares of Infoblox Inc which is valued at $33,563,610 after selling 245,177 shares in Infoblox Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Infoblox Inc makes up approximately 4.90% of Penserra Capital Management’s portfolio.

Other Hedge Funds, Including , Algert Global boosted its stake in BLOX in the latest quarter, The investment management firm added 10,734 additional shares and now holds a total of 46,004 shares of Infoblox Inc which is valued at $849,694. Infoblox Inc makes up approx 0.33% of Algert Global’s portfolio. Airain Ltd sold out all of its stake in BLOX during the most recent quarter. The investment firm sold 29,760 shares of BLOX which is valued $549,667.Engineers Gate Manager Lp reduced its stake in BLOX by selling 241 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 114,244 shares of BLOX which is valued at $2,110,087. Infoblox Inc makes up approx 0.17% of Engineers Gate Manager Lp’s portfolio.Quantbot Technologies Lp boosted its stake in BLOX in the latest quarter, The investment management firm added 4,866 additional shares and now holds a total of 6,151 shares of Infoblox Inc which is valued at $102,906. Infoblox Inc makes up approx 0.02% of Quantbot Technologies Lp’s portfolio.

Infoblox Inc closed down -0.2 points or -1.08% at $18.27 with 10,03,787 shares getting traded on Monday. Post opening the session at $18.02, the shares hit an intraday low of $18.02 and an intraday high of $18.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Infoblox Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.16. The company had revenue of $96.00 million for the quarter, compared to analysts expectations of $95.63 million. The company’s revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Infoblox Inc. DA Davidson Downgraded Infoblox Inc on May 16, 2016 to ” Underperform”, Price Target of the shares are set at $16.Shares were Reiterated by Deutsche Bank on May 10, 2016 to “Sell” and Lowered the Price Target to $ 12 from a previous price target of $13 .

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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