Shorts Action: Will Infoblox Incorporated (NYSE:BLOX) Run Out of Steam Soon? Short Interest Is Down

November 25, 2016 - By Dolores Ford   ·   0 Comments

Shorts Action: Will Infoblox Incorporated (NYSE:BLOX) Run Out of Steam Soon? Short Interest Is Down

The stock of Infoblox Incorporated (NYSE:BLOX) registered a decrease of 3.02% in short interest. BLOX’s total short interest was 3.75 million shares in November as published by FINRA. Its down 3.02% from 3.86 million shares, reported previously. With 1.19M shares average volume, it will take short sellers 3 days to cover their BLOX’s short positions. The short interest to Infoblox Incorporated’s float is 8.46%. The stock closed at $26.45 during the last session. It is down 72.09% since April 22, 2016 and is uptrending. It has outperformed by 66.68% the S&P500.

Infoblox Inc. is a United States company, which delivers Actionable Network Intelligence to enterprise, government and service well-known provider clients across the world. The company has a market cap of $1.47 billion. The Company’s products include core network services, such as domain name system (DNS), dynamic host configuration protocol (DHCP), Internet protocol address manager (IPAM) data documentation initiative (DDI); Private Cloud/Virtualization; Public/Hybrid Cloud; Reporting and Analytics, and Network Insight. It currently has negative earnings. The Company’s products also include DNS, such as DNS Firewall, Advanced DNS Protection, Threat Insight and Active Trust, and network automation, such as NetMRI.

Insitutional Activity: The institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.39, from 0.73 in 2016Q1. The ratio is positive, 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 holds 21,748 shares or 0% of its portfolio. Voya Mgmt Ltd Liability holds 0% or 25,394 shares in its portfolio. Cap Guardian Tru holds 0% or 842 shares in its portfolio. New York State Common Retirement Fund holds 77,808 shares or 0% of its portfolio. California State Teachers Retirement Systems, a California-based fund reported 118,172 shares. Pacad Invest has invested 0.02% of its portfolio in Infoblox Inc (NYSE:BLOX). Alliancebernstein Limited Partnership accumulated 0% or 88,900 shares. Moreover, Kcg has 0.01% invested in Infoblox Inc (NYSE:BLOX) for 13,178 shares. Oak Associates Ltd Oh last reported 0.09% of its portfolio in the stock. Moreover, Paradigm Asset Mngmt Lc has 0% invested in Infoblox Inc (NYSE:BLOX) for 4,300 shares. The New York-based Jennison Associates Ltd Liability Corporation has invested 0.02% in Infoblox Inc (NYSE:BLOX). Eaton Vance Mngmt holds 41,046 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa reported 2,832 shares or 0% of all its holdings. Guggenheim Ltd Liability owns 53,629 shares or 0% of their US portfolio. Cortina Asset Mngmt Ltd Co accumulated 0.37% or 434,045 shares.

Insider Transactions: Since June 16, 2016, the stock had 0 insider buys, and 6 selling transactions for $1.37 million net activity. Shares for $44,000 were sold by Gerson Fred. ANDERSEN JESPER also sold $220,856 worth of Infoblox Inc (NYSE:BLOX) shares. Fulton Scott had sold 7,935 shares worth $208,929.

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. Infoblox has been the topic of 20 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Tuesday, September 20 by Deutsche Bank. Stifel Nicolaus initiated the stock with “Buy” rating in Tuesday, September 22 report. The firm earned “Neutral” rating on Friday, September 4 by UBS. Stephens downgraded the shares of BLOX in a report on Thursday, October 6 to “Equal-Weight” rating. The stock of Infoblox Inc (NYSE:BLOX) has “Neutral” rating given on Tuesday, September 20 by Guggenheim. The firm has “Overweight” rating given on Tuesday, December 1 by Stephens. The company was upgraded on Tuesday, September 1 by William Blair. The firm earned “Underperform” rating on Monday, May 16 by DA Davidson. Cowen & Co maintained the shares of BLOX in a report on Friday, September 4 with “Neutral” rating. The stock of Infoblox Inc (NYSE:BLOX) has “Hold” rating given on Tuesday, November 24 by Needham.

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.

More notable recent Infoblox Inc (NYSE:BLOX) news were published by: Fool.com which released: “Why Infoblox Inc. Stock Is Surging Today” on May 12, 2016, also Prnewswire.com with their article: “INFOBLOX SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation …” published on September 23, 2016, Prnewswire.com published: “INFOBLOX (BLOX) ALERT: Johnson & Weaver, LLP Launches an Investigation into …” on September 19, 2016. More interesting news about Infoblox Inc (NYSE:BLOX) were released by: Marketwatch.com and their article: “Infoblox to lay off more than 100 workers in restructuring” published on June 16, 2016 as well as Seekingalpha.com‘s news article titled: “Activism: Starboard Value Buys Infoblox Inc.” with publication date: May 11, 2016.

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By Dolores Ford


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