DDD Partners LLC Purchases 14,925 Shares of Infinera Co. (NASDAQ:INFN)

DDD Partners LLC lifted its position in shares of Infinera Co. (NASDAQ:INFN) by 101.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,694 shares of the communications equipment provider’s stock after buying an additional 14,925 shares during the quarter. DDD Partners LLC’s holdings in Infinera were worth $141,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of INFN. Shapiro Capital Management LLC lifted its stake in Infinera by 26.5% in the second quarter. Shapiro Capital Management LLC now owns 18,977,889 shares of the communications equipment provider’s stock valued at $91,663,000 after buying an additional 3,972,597 shares during the period. Millennium Management LLC lifted its position in shares of Infinera by 595.5% during the 4th quarter. Millennium Management LLC now owns 4,287,440 shares of the communications equipment provider’s stock valued at $28,897,000 after acquiring an additional 3,671,019 shares during the period. Paradigm Capital Management Inc. NY boosted its stake in Infinera by 108.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 4,778,300 shares of the communications equipment provider’s stock worth $23,079,000 after acquiring an additional 2,484,300 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Infinera by 166.7% in the first quarter. Two Sigma Advisers LP now owns 2,553,200 shares of the communications equipment provider’s stock worth $19,813,000 after purchasing an additional 1,595,700 shares during the period. Finally, Two Sigma Investments LP increased its stake in Infinera by 69.0% in the first quarter. Two Sigma Investments LP now owns 3,228,098 shares of the communications equipment provider’s stock valued at $25,050,000 after purchasing an additional 1,318,417 shares in the last quarter. Institutional investors own 97.54% of the company’s stock.

Infinera Price Performance

NASDAQ INFN opened at $5.51 on Thursday. The business has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $4.43. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.69 and a quick ratio of 0.95. Infinera Co. has a 12 month low of $2.82 and a 12 month high of $7.80.

Infinera (NASDAQ:INFN) last announced its quarterly earnings data on Thursday, February 29th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $392.37 million during the quarter. Infinera had a positive return on equity of 1.73% and a negative net margin of 0.28%. As a group, equities research analysts expect that Infinera Co. will post -0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com lowered Infinera from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. B. Riley reissued a “buy” rating and issued a $7.50 price target on shares of Infinera in a research report on Thursday, March 7th. Finally, Needham & Company LLC restated a “strong-buy” rating and set a $10.00 price objective on shares of Infinera in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.85.

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.