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Do Hedge Funds and Insiders Love Infoblox Inc (BLOX)?

Is Infoblox Inc (NYSE:BLOX) a good investment?

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Furthermore, we’re going to examine the newest info surrounding Infoblox Inc (NYSE:BLOX).

What have hedge funds been doing with Infoblox Inc (NYSE:BLOX)?

In preparation for the third quarter, a total of 16 of the hedge funds we track were long in this stock, a change of -11% from the first quarter. With hedge funds’ capital changing hands, there exists a few noteworthy hedge fund managers who were boosting their holdings significantly.

Infoblox Inc (NYSE:BLOX)Out of the hedge funds we follow, Invicta Capital Management, managed by Gregory A. Weaver, holds the biggest position in Infoblox Inc (NYSE:BLOX). Invicta Capital Management has a $32.3 million position in the stock, comprising 13.4% of its 13F portfolio. Coming in second is Cupps Capital Management, managed by Drew Cupps, which held a $25 million position; the fund has 2% of its 13F portfolio invested in the stock. Remaining peers that hold long positions include Donald Chiboucis’s Columbus Circle Investors, Brian Ashford-Russell and Tim Woolley’s Polar Capital and Joseph A. Jolson’s Harvest Capital Strategies.

Judging by the fact that Infoblox Inc (NYSE:BLOX) has witnessed bearish sentiment from the smart money’s best and brightest, logic holds that there were a few funds that decided to sell off their full holdings at the end of the second quarter. Intriguingly, Eric Bannasch’s Cadian Capital dumped the biggest position of all the hedgies we key on, totaling about $15.9 million in stock. Spencer M. Waxman’s fund, Shannon River Fund Management, also dropped its stock, about $6 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 2 funds at the end of the second quarter.

What do corporate executives and insiders think about Infoblox Inc (NYSE:BLOX)?

Insider buying made by high-level executives is at its handiest when the primary stock in question has experienced transactions within the past half-year. Over the latest six-month time period, Infoblox Inc (NYSE:BLOX) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Infoblox Inc (NYSE:BLOX). These stocks are Quad/Graphics, Inc. (NYSE:QUAD), TeleTech Holdings, Inc. (NASDAQ:TTEC), NetSpend Holdings Inc (NASDAQ:NTSP), Moneygram International Inc (NYSE:MGI), and ExlService Holdings, Inc. (NASDAQ:EXLS). This group of stocks are in the business services industry and their market caps are closest to BLOX’s market cap.

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