Gateway Investment Advisers LLC decreased its stake in F5 Networks, Inc. (NASDAQ:FFIV) by 5.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,010 shares of the network technology company’s stock after selling 210 shares during the period. Gateway Investment Advisers LLC’s holdings in F5 Networks were worth $510,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new position in F5 Networks during the first quarter valued at $153,000. Van ECK Associates Corp boosted its position in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after buying an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after buying an additional 67 shares during the period. Putnam Investments LLC acquired a new position in F5 Networks during the fourth quarter valued at $201,000. Finally, First Bank & Trust boosted its position in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. 96.92% of the stock is currently owned by institutional investors.
F5 Networks, Inc. (NASDAQ FFIV) opened at 117.82 on Friday. The firm has a 50-day moving average price of $124.87 and a 200 day moving average price of $133.50. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50. The firm has a market capitalization of $7.49 billion, a PE ratio of 19.57 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same period last year, the company earned $1.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts anticipate that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
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Several equities research analysts recently commented on the company. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. Drexel Hamilton restated a “buy” rating and issued a $165.00 target price on shares of F5 Networks in a report on Monday, April 24th. Piper Jaffray Companies lowered F5 Networks from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $144.00 to $136.00 in a report on Friday, July 14th. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BidaskClub lowered F5 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $131.19.
In related news, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the sale, the chief executive officer now owns 2,636 shares in the company, valued at $315,291.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total value of $100,813.24. Following the sale, the executive vice president now owns 2,148 shares in the company, valued at approximately $259,027.32. The disclosure for this sale can be found here. Insiders sold 19,050 shares of company stock valued at $2,293,138 over the last ninety days. Corporate 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.
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