UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Infoblox Inc. Following CEO, CFO Meeting

In a report published Thursday, Deutsche Bank analyst Vijay Bhagavath reiterated a Buy rating on

, and raised the price target from $26.00 to $28.00. In the report, Deutsche Bank noted, "We hosted a field trip for DB clients with the CEO and CFO of BLOX, earlier today at their HQ in Santa Clara. We are raising our Price Target from $26 to $28, based on our higher conviction on the company's near-term growth prospects in DNS Security and in the core IP Address Automation business." Infoblox Inc. closed on Wednesday at $23.61.