Handelsbanken Fonder AB Boosts Holdings in Infinera Co. (NASDAQ:INFN)

Handelsbanken Fonder AB raised its position in shares of Infinera Co. (NASDAQ:INFN) by 12.1% in the fourth quarter, Holdings Channel reports. The firm owned 47,406 shares of the communications equipment provider’s stock after acquiring an additional 5,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Infinera were worth $225,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of INFN. Asset Management One Co. Ltd. raised its holdings in Infinera by 70.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 29,003 shares of the communications equipment provider’s stock worth $121,000 after acquiring an additional 11,974 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Infinera by 1.7% during the third quarter. Brown Advisory Inc. now owns 13,909,389 shares of the communications equipment provider’s stock valued at $58,141,000 after purchasing an additional 237,626 shares in the last quarter. Advisor Partners II LLC purchased a new stake in shares of Infinera during the third quarter valued at $163,000. Inspire Investing LLC bought a new stake in Infinera in the 3rd quarter worth about $307,000. Finally, Assenagon Asset Management S.A. purchased a new position in Infinera in the 3rd quarter worth about $915,000. 97.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INFN has been the subject of several research reports. Stifel Nicolaus reissued a “buy” rating and set a $7.00 price objective on shares of Infinera in a report on Monday, April 1st. StockNews.com downgraded Infinera from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. B. Riley reaffirmed a “buy” rating and set a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. Finally, Needham & Company LLC assumed coverage on Infinera in a research report on Monday, April 22nd. They set a “buy” rating and a $10.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Infinera currently has a consensus rating of “Hold” and a consensus price target of $6.85.

Infinera Stock Down 0.4 %

NASDAQ INFN opened at $5.24 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.95 and a debt-to-equity ratio of 3.63. Infinera Co. has a 12 month low of $2.82 and a 12 month high of $6.62. The stock’s 50 day moving average is $5.14 and its 200 day moving average is $4.66. The stock has a market cap of $1.21 billion, a PE ratio of -174.67 and a beta of 1.63.

Infinera (NASDAQ:INFN) last posted its earnings results on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share for the quarter. The company had revenue of $392.37 million during the quarter. Infinera had a negative net margin of 0.28% and a positive return on equity of 1.73%.

Infinera Company 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.