Infinera Co. (NASDAQ:INFN) Holdings Lifted by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in Infinera Co. (NASDAQ:INFN) by 50.2% in the 4th quarter, Holdings Channel reports. The fund owned 78,878 shares of the communications equipment provider’s stock after purchasing an additional 26,374 shares during the period. Intech Investment Management LLC’s holdings in Infinera were worth $518,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vestcor Inc acquired a new position in shares of Infinera in the 4th quarter valued at about $34,000. Quantbot Technologies LP acquired a new position in Infinera in the 3rd quarter valued at approximately $40,000. Wealthfront Advisers LLC purchased a new stake in Infinera in the 4th quarter worth approximately $76,000. Cibc World Markets Corp acquired a new stake in shares of Infinera during the 4th quarter valued at $124,000. Finally, Palumbo Wealth Management LLC grew its holdings in shares of Infinera by 41.5% during the 4th quarter. Palumbo Wealth Management LLC now owns 33,883 shares of the communications equipment provider’s stock valued at $223,000 after acquiring an additional 9,929 shares in the last quarter. 97.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Infinera in a report on Thursday, March 20th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.09.

Infinera Stock Performance

Infinera stock opened at $6.64 on Tuesday. Infinera Co. has a one year low of $4.49 and a one year high of $6.92. The company’s fifty day moving average price is $6.63 and its two-hundred day moving average price is $6.64. The company has a debt-to-equity ratio of 4.98, a current ratio of 1.58 and a quick ratio of 0.97. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, March 6th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.15). Infinera had a negative return on equity of 45.12% and a negative net margin of 7.62%. The company had revenue of $414.39 million during the quarter, compared to analyst estimates of $409.08 million. On average, analysts forecast that Infinera Co. will post -0.33 earnings per share for the current fiscal year.

Infinera Profile

Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms.