Creative Planning Has $205,000 Stock Position in Infinera Co. (NASDAQ:INFN)

Creative Planning grew its position in shares of Infinera Co. (NASDAQ:INFN) by 87.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,443 shares of the communications equipment provider’s stock after acquiring an additional 14,193 shares during the quarter. Creative Planning’s holdings in Infinera were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Infinera by 9.3% in the 1st quarter. Vanguard Group Inc. now owns 27,049,371 shares of the communications equipment provider’s stock valued at $163,108,000 after purchasing an additional 2,299,025 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Infinera by 22.4% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,057,935 shares of the communications equipment provider’s stock worth $67,343,000 after acquiring an additional 2,025,658 shares during the last quarter. Hood River Capital Management LLC boosted its holdings in Infinera by 14.2% during the 2nd quarter. Hood River Capital Management LLC now owns 4,753,842 shares of the communications equipment provider’s stock worth $28,951,000 after acquiring an additional 591,611 shares during the last quarter. AIGH Capital Management LLC raised its stake in shares of Infinera by 278.8% during the 2nd quarter. AIGH Capital Management LLC now owns 3,368,556 shares of the communications equipment provider’s stock worth $20,515,000 after purchasing an additional 2,479,272 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Infinera by 37.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,759,906 shares of the communications equipment provider’s stock worth $16,802,000 after purchasing an additional 748,155 shares during the period. 97.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INFN. JPMorgan Chase & Co. lifted their target price on Infinera from $5.00 to $6.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. B. Riley cut Infinera from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. StockNews.com upgraded Infinera from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Rosenblatt Securities restated a “neutral” rating and issued a $6.65 price objective on shares of Infinera in a research note on Wednesday, November 6th. Finally, Berenberg Bank upgraded Infinera to a “hold” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.09.

Infinera Trading Up 0.2 %

Shares of Infinera stock opened at $6.66 on Tuesday. Infinera Co. has a 12-month low of $3.79 and a 12-month high of $6.92. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -13.88 and a beta of 1.71. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 4.98. The company’s 50-day moving average price is $6.65 and its 200-day moving average price is $6.01.

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.