Consolidated Investment Group LLC raised its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 17.0% during the second quarter, Holdings Channel reports. The fund owned 21,994 shares of the network technology company’s stock after buying an additional 3,200 shares during the period. F5 Networks comprises about 1.5% of Consolidated Investment Group LLC’s investment portfolio, making the stock its 27th largest position. Consolidated Investment Group LLC’s holdings in F5 Networks were worth $2,795,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FFIV. TD Asset Management Inc. boosted its position in F5 Networks by 25.0% in the second quarter. TD Asset Management Inc. now owns 530,449 shares of the network technology company’s stock valued at $67,399,000 after buying an additional 106,173 shares during the last quarter. IFP Advisors Inc boosted its position in F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in F5 Networks by 4,370.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 134,106 shares of the network technology company’s stock valued at $17,040,000 after buying an additional 131,106 shares during the last quarter. Sei Investments Co. boosted its position in F5 Networks by 2.6% in the second quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock valued at $1,154,000 after buying an additional 230 shares during the last quarter. Finally, Johnston Asset Management LLC boosted its position in F5 Networks by 0.4% in the second quarter. Johnston Asset Management LLC now owns 159,002 shares of the network technology company’s stock valued at $20,203,000 after buying an additional 620 shares during the last quarter. Institutional investors own 96.92% of the company’s stock.
F5 Networks, Inc. (NASDAQ:FFIV) opened at 118.62 on Wednesday. The firm has a 50-day moving average of $126.44 and a 200-day moving average of $134.35. The stock has a market capitalization of $7.54 billion, a PE ratio of 19.70 and a beta of 1.16. F5 Networks, Inc. has a 52-week low of $114.45 and a 52-week high of $149.50.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.03. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. F5 Networks’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.81 EPS. On average, equities analysts expect that F5 Networks, Inc. will post $8.17 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://transcriptdaily.com/2017/08/09/f5-networks-inc-ffiv-stake-increased-by-consolidated-investment-group-llc.html.
Several equities analysts have issued reports on the company. Zacks Investment Research cut F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. BMO Capital Markets reissued an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Barclays PLC decreased their price target on F5 Networks from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, July 27th. CIBC reissued a “market perform” rating on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. lowered F5 Networks from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $145.00 to $120.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $132.00.
In related news, CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.27, for a total value of $747,478.05. Following the transaction, the chief financial officer now owns 20,601 shares in the company, valued at approximately $2,477,682.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total transaction of $242,688.69. Following the completion of the transaction, the chief executive officer now owns 2,636 shares in the company, valued at approximately $315,291.96. The disclosure for this sale can be found here. Insiders sold a total of 19,050 shares of company stock worth $2,293,138 in the last quarter. Insiders own 0.26% of the company’s stock.
F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5 Networks, Inc. (NASDAQ:FFIV).
Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.