Asset Management One Co. Ltd. Has $176,000 Holdings in Infinera Co. (NASDAQ:INFN)

Asset Management One Co. Ltd. cut its position in shares of Infinera Co. (NASDAQ:INFN) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,834 shares of the communications equipment provider’s stock after selling 1,779 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Infinera were worth $176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of INFN. Creative Planning increased its position in shares of Infinera by 87.3% during the third quarter. Creative Planning now owns 30,443 shares of the communications equipment provider’s stock worth $205,000 after buying an additional 14,193 shares during the period. Palumbo Wealth Management LLC grew its holdings in Infinera by 8.4% in the third quarter. Palumbo Wealth Management LLC now owns 23,954 shares of the communications equipment provider’s stock worth $162,000 after purchasing an additional 1,850 shares during the period. Olympiad Research LP acquired a new stake in Infinera in the third quarter worth $1,388,000. Alpine Associates Management Inc. acquired a new stake in Infinera in the third quarter worth $13,761,000. Finally, Intech Investment Management LLC acquired a new stake in Infinera in the third quarter worth $354,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on INFN shares. Rosenblatt Securities restated a “neutral” rating and issued a $6.65 price target on shares of Infinera in a report on Wednesday, November 6th. B. Riley cut shares of Infinera from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of Infinera from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.09.

Infinera Stock Down 0.4 %

Infinera stock opened at $6.66 on Friday. Infinera Co. has a 1-year low of $4.41 and a 1-year high of $6.92. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -13.86 and a beta of 1.63. The firm’s fifty day moving average price is $6.61 and its two-hundred day moving average price is $6.53. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 4.98.

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.