market folly

Jonathan Auerbach's hedge fund firm Hound Partners has filed a 13G with the SEC regarding shares of Infoblox (BLOX).  Per the filing, Hound now owns 6.2% of the company with over 3.6 million shares.

This is an increase over the 1.93 million shares Hound owned at the end of the first quarter, when they first showed a new long position in the name.  The latest filing was made due to activity on May 10th.

Per Google Finance, Infoblox "provides enterprise and service provider-class solutions to automate management of the critical network infrastructure services. The Company provides network control, network automation and domain name system (DNS) security though appliance-based solutions. The Company's solutions combine real-time Internet protocol address management (IPAM), automation of network control, change and configuration management processes and DNS-based infrastructure security in purpose-built physical and virtual appliances. The Company's functions include delivering critical network protocol services, such as dynamic host configuration protocol (DHCP), network change and configuration management, and network infrastructure security. The Company offers four product families: Core Network Services, Infrastructure Security, Cloud Network Automation, and Network Change and Configuration Management.."