Deutsche Bank AG Buys 83,991 Shares of Infinera Co. (NASDAQ:INFN)

Deutsche Bank AG increased its stake in shares of Infinera Co. (NASDAQ:INFN) by 75.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 194,614 shares of the communications equipment provider’s stock after purchasing an additional 83,991 shares during the period. Deutsche Bank AG owned 0.08% of Infinera worth $1,279,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Vestcor Inc purchased a new position in Infinera during the fourth quarter worth about $34,000. LPL Financial LLC bought a new stake in shares of Infinera during the 4th quarter valued at about $70,000. Wealthfront Advisers LLC purchased a new position in shares of Infinera during the fourth quarter worth about $76,000. Cibc World Markets Corp bought a new position in shares of Infinera in the fourth quarter worth approximately $124,000. Finally, Mariner LLC increased its position in shares of Infinera by 23.2% in the fourth quarter. Mariner LLC now owns 23,450 shares of the communications equipment provider’s stock worth $154,000 after purchasing an additional 4,422 shares during the last quarter. Institutional investors own 97.54% of the company’s stock.

Infinera Price Performance

INFN opened at $6.64 on Monday. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -13.83 and a beta of 1.63. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.97 and a current ratio of 1.58. The firm’s fifty day moving average is $6.64 and its 200 day moving average is $6.63. Infinera Co. has a fifty-two week low of $4.97 and a fifty-two week high of $6.92.

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

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Infinera in a research report on Thursday, May 15th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.52.

About Infinera

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.