Infinera (INFN) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of Infinera (NASDAQ:INFN) by 2,170.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,896 shares of the communications equipment provider’s stock after buying an additional 15,196 shares during the period. Jane Street Group LLC’s holdings in Infinera were worth $101,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Nationwide Fund Advisors boosted its holdings in shares of Infinera by 127.3% during the 3rd quarter. Nationwide Fund Advisors now owns 214,224 shares of the communications equipment provider’s stock worth $1,900,000 after buying an additional 119,968 shares in the last quarter. Teton Advisors Inc. boosted its holdings in shares of Infinera by 67.0% during the 4th quarter. Teton Advisors Inc. now owns 196,600 shares of the communications equipment provider’s stock worth $1,244,000 after buying an additional 78,900 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Infinera by 33.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 374,852 shares of the communications equipment provider’s stock worth $3,327,000 after buying an additional 93,825 shares in the last quarter. Carillon Tower Advisers Inc. bought a new position in shares of Infinera during the 4th quarter worth approximately $17,528,000. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Infinera by 5.1% during the 4th quarter. State of Wisconsin Investment Board now owns 205,000 shares of the communications equipment provider’s stock worth $1,298,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 87.32% of the company’s stock.

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A number of equities analysts have issued reports on the company. ValuEngine upgraded Infinera from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Rosenblatt Securities restated a “buy” rating and set a $13.00 price target on shares of Infinera in a report on Monday, April 16th. Drexel Hamilton restated a “buy” rating and set a $13.00 price target on shares of Infinera in a report on Wednesday, March 21st. Morgan Stanley restated an “equal weight” rating and set a $9.50 price target (up from $8.00) on shares of Infinera in a report on Friday, March 9th. Finally, Citigroup restated a “hold” rating and set a $12.00 price target (up from $8.50) on shares of Infinera in a report on Friday, March 9th. Eight investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $11.58.



In related news, insider David F. Welch sold 149,093 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $10.03, for a total value of $1,495,402.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David F. Welch sold 60,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $9.07, for a total value of $544,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 289,093 shares of company stock worth $2,770,803. 2.90% of the stock is owned by company insiders.

Shares of INFN opened at $11.57 on Monday. Infinera has a 12-month low of $6.10 and a 12-month high of $12.38. The firm has a market capitalization of $1,748.98, a P/E ratio of -13.94 and a beta of 0.53.

Infinera (NASDAQ:INFN) last issued its earnings results on Wednesday, February 7th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Infinera had a negative return on equity of 17.20% and a negative net margin of 26.26%. The company had revenue of $195.82 million for the quarter, compared to analysts’ expectations of $190.26 million. During the same period last year, the business earned ($0.12) EPS. Infinera’s quarterly revenue was up 8.2% compared to the same quarter last year. analysts predict that Infinera will post -0.43 earnings per share for the current year.

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Infinera Profile

Infinera Corporation provides optical transport networking solutions, equipment, and software and services worldwide. The company's product portfolio consists of Infinera DTN-X Family of terabit-class transport network platforms, including the XTC Series, XTS Series, and XT Series; Infinera DTN-X XTC series multi-terabit packet optical transport platforms that integrate digital OTN switching and optical WDM transmission; and Infinera DTN-X XT series for terrestrial applications and XTS series for subsea applications.

Institutional Ownership by Quarter for Infinera (NASDAQ:INFN)

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