Here is What Hedge Funds Think About Infoblox Inc (BLOX)

Judging by the fact that Infoblox Inc (NYSE:BLOX) has faced a declining sentiment from the smart money, logic holds that there exists a select few fund managers that decided to sell off their entire stakes by the end of the third quarter. Intriguingly, David Lamond’s Lamond Capital Partners dropped the biggest investment of the “upper crust” of funds followed by Insider Monkey, totaling close to $6.1 million in stock, and Josh Goldberg’s G2 Investment Partners Management was right behind this move, as the fund said goodbye to about $4.7 million worth of shares. These transactions are intriguing to say the least, as aggregate hedge fund interest was cut by 5 funds by the end of the third quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Infoblox Inc (NYSE:BLOX) but similarly valued. We will take a look at Evolent Health Inc (NYSE:EVH), Genesis Healthcare Inc (NYSE:GEN), Rush Enterprises, Inc. (NASDAQ:RUSHB), and State Auto Financial (NASDAQ:STFC). This group of stocks’ market values resembles Infoblox Inc (NYSE:BLOX)’s market value.

As you can see, these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $29 million. That figure was $207 million in Infoblox Inc (NYSE:BLOX)’s case. Genesis Healthcare Inc (NYSE:GEN) is the most popular stock in this table. On the other hand, Rush Enterprises, Inc. (NASDAQ:RUSHB) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks, Infoblox Inc (NYSE:BLOX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.